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PwC Report: Global Aerospace and Defense M&A Deal Value Reached $4B in Q1 2019

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector was $4B in the first quarter of 2019, down 73 percent from the prior year period and 45 percent lower than the 10-year average. PwC said the number of M&A deals in the A&D …

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GDIT’s Yogesh Khanna Outlines Increased Collaboration, Integration a Year After CSRA Deal

TYSONS CORNER, VA, April 22, 2019 — Yogesh Khanna, senior vice president and chief technology officer of General Dynamics‘ (NYSE: GD) information technology business, said the company’s acquisition of CSRA in 2018 has advanced a culture of collaboration and “cross pollination” potential among the former’s market-facing divisions, ExecutiveBiz reported April …

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Jeff Boushell Joins Mission Essential as Capture VP

Jeff Boushell, former director at Science Applications International Corp. (NYSE: SAIC), has joined Herndon, Va.-based Mission Essential as vice president of capture, GovCon Wire has learned. Prior to SAIC, he held senior leadership positions at CSRA’s defense and intelligence group, Altus Consulting, Vulnerability Research Labs, Verizon’s (NYSE: VZ) federal network …

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McAleese & Associates: General Dynamics Projects 2019 CapEx to Rise to $1.2B Driven by Submarine Programs

A new report by consulting firm McAleese & Associates says General Dynamics (NYSE: GD) posted $36.2B in full-year 2018 sales, up 17 percent from the previous year. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote in the report that the increase was primarily driven by $3.7B in …

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PwC: Aerospace, Defense Sector Recorded $57.8B in 2018 M&A Deal Value

A new PwC report says the value of mergers and acquisitions in the aerospace and defense sector worldwide reached $57.8B in 2018, reflecting a 19 percent drop from the previous year. Despite the decline, PwC said the deal value in 2018 was 83 percent higher than the 10-year average and the third largest in …

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CACI Gets $73M Navy Contract for Systems, Computer Engineering Support

CACI International (NYSE: CACI) has landed a potential five-year, $73M contract to help the Naval Surface Warfare Center’s Dahlgren Division engineer computer programs. Work covers systems and computer engineering, research and development, integration and deployment services, the company said Wednesday. Services will aid NSWCDD in its mission to produce, test and certify …

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Navy Awards $160M ONE-Net IT Services Contract Modification to General Dynamics

General Dynamics‘ (NYSE: GD) information technology business has received a potential $159.6M contract modification to continue to provide IT services for the U.S. Navy‘s naval enterprise network outside the continental U.S. The ONE-Net contract modification has a one-year base term worth $78.8M and an option that could extend work through May …

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Phil Nolan, Dave Keffer Appointed General Partners at Blue Delta Capital

Government industry veterans Phil Nolan and Dave Keffer have been named general partners at McLean, Va.-based private equity firm Blue Delta Capital Partners. Nolan has been an advisory board member at Blue Delta since 2011. He previously served as CEO of Stanley, which CGI (NYSE: GIB) purchased in 2010, and …

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