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Tag Archives: Defense

AFCEA International Elects Linda Gooden to Chair of the Board

Linda Gooden has been named to assume the position as AFCEA International‘s chair of the board of directors, overseeing the association’s various committees and actively participating in the AFCEA Educational Foundation. Gooden has more than 15 years experience of working in the aerospace and defense community through AFCEA, serving roles …

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Air Force Awards Lockheed $2B for Missile Warning Satellite Production

The U.S. Air Force has awarded a $1.86 billion fixed-price contract to Lockheed Martin (NYSE: LMT) for work to complete production of two satellites as part of a system designed to give early warnings of ballistic missile launches. Lockheed said Tuesday that the Space Based Infrared System is intended to have …

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Deltek’s Ashley Bergander Previews Multi-Billion Dollar 4Q Contracts

Contract vehicles worth $13 billion combined for information technology services at the departments of Defense, Commerce and State are upcoming in the fourth quarter of fiscal 2014, the Washington Post reported Sunday. Ashley Bergander, a research manager at Deltek, writes that DoD plans to hold an industry day early next …

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Preferred Systems Solutions Acquires Buys Envision Technical Services; Scott Goss Comments

Preferred Systems Solutions has acquired Envision Technical Services, a provider of applications to intelligence and defense clients, for an undisclosed sum. Scott Goss, president and CEO of PSS, said Tuesday the company intends to grow its services and offerings for the national security community through the transaction. “The acquisition of …

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Raytheon to Upgrade Navy’s Phalanx Weapon Systems

Raytheon Co. (NYSE: RTN) has been awarded a $115.5 million contract to upgrade the U.S. Navy’s Phalanx close-in weapon systems. The company will work to remanufacture and modernize the computer-controlled radar and 20-mm gun system, Raytheon said Wednesday. Work is scheduled to complete in September 2017 under the contract that …

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John Hillen: GovCon Services Market ‘Leaving Its Teenage Years, ‘ Entering New Maturation Phase

The GovCon services market is entering a new phase of maturity and leaving a part of a nearly five-decade timespan that “might be seen as its teenage years, ” former Sotera Defense Solutions CEO John Hillen wrote in a May 20 guest column for Washington Technology. Hillen,  executive in residence …

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Craig England to Lead Investment Bank England & Co’s New A&D, Government Unit

Washington-based investment bank England & Co. has created a business unit that will focus on raising capital and providing financial advice to aerospace, defense and government organizations. Edward Bersoff, a government contracting veteran and founder of information technology firm BTG Inc., will serve as senior adviser for the bank’s ADG …

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George Pedersen: ManTech to Buy 7Delta in Healthcare IT Push

ManTech International (NASDAQ: MANT) has agreed to purchase Columbia, Md.-based technology management contractor 7Delta for an undisclosed sum that includes cash on hand and funding from ManTech’s existing line of credit. Fairfax, Va-based ManTech expects to close the transaction in May and anticipates the deal to increase its earnings per …

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Orbital Sciences, ATK’s Aerospace & Defense Groups to Merge in $5B Deal

Orbital Sciences Corp. (NYSE: ORB) has agreed to merge with ATK‘s (NYSE: ATK) aerospace and defense groups in an approximately $5 billion transaction to create a combined company that will operate as Orbital ATK once the deal completes. In separate releases from ATK and from Orbital, the companies said Monday that …

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Tom Captain of Deloitte: US Defense Firms to Increasingly Eye Foreign Military Sales

A new Deloitte report indicates a 2.6 percent decrease in the defense sector’s total fiscal year 2013 revenue due to Defense Department-wide spending cuts last year. Deloitte analyzed the performance of several defense contractors in the U.S. and found that profitability for U.S. defense vendors rose 17.9 percent despite the revenue …

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