Tag Archives: Consolidation

Jason Aiken, CFO of General Dynamics (NYSE: GD), has said the acquisition of CSRA (NYSE: CSRA) will help the Falls Church, Virginia-based aerospace and defense contractor compete in the government IT services market, Inside Defense reported Wednesday. “In a consolidating market, our thesis is that you either have to consolidate or get consolidated …

Boeing (NYSE: BA) has expanded the responsibilities of Greg Smith, chief financial officer and executive vice president of corporate development and strategy, to include leadership over business performance, innovation and corporate functional excellence. Smith will have the dual role of CFO and EVP for enterprise performance and strategy beginning July 1 …

TYSONS CORNER, VA, June 6, 2017 — Cubic‘s (NYSE: CUB) mission solutions organization is working to expand its GATR Technologies satellite communications business with the construction of a 63,000-square-foot facility in Huntsville, Alabama, ExecutiveBiz reported Thursday. The company said Thursday the future facility serves to consolidate GATR’s production, operations, engineering, business …

Science Applications International Corp.’s (NYSE: SAIC) chief executive told investors Thursday he expects consolidation among government services contractors to continue as companies continue to pursue portfolio reshaping initiatives. SAIC itself was a player in the GovCon services consolidation wave through the $790 million acquisition of Scitor announced in March 2015 nearly five months …

The year 2015 for government contractors was one that featured major landscape shifts in its composition unlike any other since the post-Cold War drawdown in the 1990s that resulted in consolidation among the defense market’s largest companies. GovCon’s services arena took its turn to drive the consolidation narrative in 2016 …

The General Services Administration is seeking proposals for construction and development services in support of the agency’s efforts to consolidate its regional staff with headquarters and renovate four historic buildings at St. Elizabeths Campus. GSA said Friday the services are in exchange for development rights to the GSA Regional Office Building and Cotton Annex at Federal …

Cubic (NYSE: CUB) has appointed Bill Toti, formerly president of the mission support services unit, as president of the new global defense segment that was formed as part of the One Cubic business realignment initiative. The company said Wednesday Cubic Global Defense consolidated the defense systems and mission support services businesses to streamline operations and drive …

Boeing (NYSE: BA) will merge its defense and space business development operations into a single organization with the goal of addressing program risks and cost issues. Chris Chadwick, CEO of Boeing’s defense, space and security business, said Wednesday the future BDS development group will “apply engineering expertise, development program best …

The U.S. Navy plans to consolidate more than 12, 000 servers and close 67 data centers, Federal Times reported Monday. Nicole Blake Johnson writes the Navy originally planned to close 4, 932 servers by fiscal 2017 and has close-to-tripled its goals. Citing a request for information, Johnson reports the Navy will also …

DRS Technologies announced it is restructuring into three operations groups and will enter a proxy agreement with the Defense Security Service. DRS, a Finmeccanica subsidiary, said the agreement will allow DRS and its subsidiaries to compete for classified contracts and access classified information as a unified entity. DRS will also …