Tag Archives: Defense

Vertosoft Partners with Zimperium to Provide FedRAMP Authorized Mobile Threat Defense; Jim Kovach, Jay Colavita Quoted

Vertosoft has partnered with Zimperium, the global leader in mobile threat defense (MTD) and the first MTD provider that is FedRAMP Authorized, to serve as Zimperium’s public sector distributor, Vertosoft reported on Wednesday. 

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Phebe Novakovic: General Dynamics Posts Modest Q1 Defense Biz Growth, Maintains Strong Balance Sheet

General Dynamics' (NYSE: GD) defense businesses earned $7.1B in total revenue for its fiscal 2020 first quarter that ended March 29, a modest increase from the same period last year. "In this time of crisis and uncertainty, our balance sheet remains strong," Phebe Novakovic, chairman and CEO of General Dynamics and a 2020 Wash100 awardee, told analysts in an earnings call Thursday.

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Titan to Buy HII’s San Diego Shipyard; Andy Green Quoted

Titan Acquisition Holdings has agreed to acquire Huntington Ingalls Industries’ (NYSE: HII) San Diego shipyard for an undisclosed sum in a move to expand its ship repair capabilities to better meet the needs of the U.S. Navy, U.S. Army and other defense customers. The transaction will give HII a minority stake in Titan and is expected to close in the second quarter of 2020, subject to customary closing conditions.

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Leidos Strikes $1.65B Cash Deal for Dynetics; Roger Krone Quoted

Leidos (NYSE: LDOS) has agreed to acquire Huntsville, Ala.-based technology services contractor Dynetics for approximately $1.65B in cash to further build up its position in the intelligence, civil and defense markets. "The addition of Dynetics will significantly increase our capabilities for rapid prototyping and agile system integration and production, enhancing our overall offerings and services to customers," said Roger Krone, chairman and CEO of Leidos and a 2019 Wash100 winner.

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