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Tag Archives: Defense

ATK Remodels Business into Three Groups

ATK (NYSE: ATK) has consolidated its operations into three business groups – aerospace, defense and sporting – as of April 1, the beginning of its 2012 fiscal year. ATK President and CEO Mark DeYoung announced the move in February. Missile Products Group Senior Vice President and President Mike Kahn leads ATK …

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Lockheed Wins $420M DLA Personnel System Contract

Lockheed Martin Corp. (NYSE: LMT) has won a $420 million Defense Logistics Agency contract to operate and maintain a civilian personnel data system, the Defense Department announced Thursday. The Bethesda, Md.-based contractor will also host and provide transition phase out services. The Army, Navy, Air Force, Pentagon and other federal …

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White Oak Merger Forms Big Data Firm; LaMontagne Named CEO

Arlington Capital Partners has merged its portfolio company White Oak Technologies Inc. with FGM Inc. to create Novetta Solutions, the private equity firm announced Wednesday. Peter LaMontagne, former president and CEO of Paradigm Holdings, will serve as Novetta’s CEO. He has led CACI International Inc.’s (NYSE: CACI) cyber practice and …

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SAIC Taps Director John Jumper as CEO

SAIC Inc. (NYSE: SAI) has selected five-year SAIC director and former U.S. Air Force Chief of Staff John P. Jumper to succeed Walt Havenstein as CEO on March 1. SAIC’s board of directors said in its announcement Tuesday that Jumper will remain on the board, which he has served on …

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Northrop Promotes Infrastructure, IT Vet to Lead C3I Systems

Northrop Grumman Corp. (NYSE: NOC) has appointed Pat Camacho vice president of integrated command, control, communications and intelligence systems, the company announced Thursday. Northrop said the 32-year company veteran will lead the defense systems business unit for net-centric operational command and control systems. He will report to Mike Twyman, vice …

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Sotera Completes Purchase of Potomac Fusion, Developer of Cloud, ISR Solutions

Sotera Defense Solutions completed its acquisition of Potomac Fusion Inc. on Friday, according to a company announcement. Sotera announced on Dec. 1 it had agreed to acquire the Chantilly, Va.-based company, a developer of information solutions for defense and intelligence, surveillance and reconnaissance (ISR) systems that operate in cloud computing environments. Sotera President …

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BAE Sells Fla. Safety Product Business to Japanese Firm for $32M Cash

BAE Systems has agreed to sell two businesses that produce safety products for defense and aerospace customers to Japanese firm Takata Corp. for around $32 million in cash. The deal will send BAE Systems Safety Products Inc. and BAE’s German subsidiary Schroth Safety Products GmbH to Takata, a manufacturer of seat belts, …

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KBR Will Pocket up to $245M to Provide Army Support in Balkans, Europe

KBR (NYSE: KBR) will receive up to $245 million over five years to provide base operations and support services in up to 51 countires for the U.S. Army. The company will initially provide services in Kosovo and Romania, including facility maintenance and utility, troop, operational and construction services. KBR currently provides services in …

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Kratos Purchases Defense, Intelligence Cybersecurity Provider

Kratos Defense & Security Solutions (NASDAQ: KTOS) has purchased SecureInfo Corp., a cybersecurity provider for defense and intelligence customers,  for $17.5 million cash, the company announced today. SecureInfo is noted for developing “SecureInfo RMS, ” a proprietary commercial off the shelf software product that simplifies security authorization. Kratos said it expects SecureInfo to …

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David Melcher Comments on Completed ITT Spinoffs

  ITT Corp. (NYSE: ITT) has completed its previously announced separation plan, retaining its core industrial offerings and spinning off its defense and information solution business into ITT Exelis and its water technology and services business into Xylem. Open trading of Exelis (NYSE: XLS) and Xylem (NYSE: XYL) shares will begin Tuesday. ITT Corp. …

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