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Tag Archives: featured

Cerberus to Buy 70% Stake in Navistar’s Defense Business

New York-based private equity firm Cerberus Capital Management has agreed to purchase a 70 percent controlling stake in Navistar International’s (NYSE: NAV) defense business for an undisclosed sum. Michael Sanford, co-head of private equity and senior managing director of Cerberus, said in a statement published Monday the company plans to …

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BAE to Help Integrate, Sustain Navy C5ISR Systems Under Two IDIQs Worth $151M Total

BAE Systems has secured positions on two indefinite-delivery/indefinite-quantity contracts worth more than $151M combined to integrate and sustain command, control, communications, computers, combat, intelligence, surveillance and reconnaissance systems for the U.S. Navy. The company said Monday it will offer life cycle sustainment support for communications technology platforms that support the Navy, the departments …

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Four Small Businesses Win Spots on $72M Army Armament R&D Center IT Support Contract

The U.S. Army has selected four small businesses to provide information technology services to the branch’s Armament Research, Development and Engineering Center under a potential five-year, $72M contract. Army Contracting Command received seven bids for the firm-fixed-price contract that will run through Nov. 8, 2023, the Defense Department said Friday. ARDEC builds and engineers armament …

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10 Firms Awarded Spots on $962M Navy Cyber Mission Engineering Support IDIQ

The U.S. Navy has awarded 10 companies positions on a potential $962M multiple-award contract to provide cyber mission engineering and information warfare support services across air, ground, maritime, cyber and space domains. The indefinite-delivery/indefinite-quantity contract has a five-year base term worth approximately $898M and extension options for two years and …

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Palo Alto Networks’ Rick Howard: Agencies Should Include Legacy System Security in Cyber Strategy

Rick Howard, chief security officer at Palo Alto Networks (NYSE: PANW), said agencies can avoid complexity by leveraging the same security platform that they already have deployed to protect their perimeter, their mobile devices, and their data centers in the cloud-based services they are moving to. He refers to these environments as …

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Michael Huerta Joins Serco’s US Aviation Business as Senior Consultant; Dave Dacquino Quoted

Michael Huerta, formerly administrator of the Federal Aviation Administration, has been named a senior consultant for Serco Group‘s aviation business in the U.S. He will provide strategic guidance and play a role in the development of Serco Inc.‘s global aviation strategy in his new position, the company said Friday. The Reston, …

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Bechtel Subsidiary Gets $1.8B in US Naval Nuclear Propulsion Component Supply Contracts

A Bechtel subsidiary has landed three contracts potentially worth $1.76B combined to supply nuclear propulsion components for installation in U.S. Navy submarines and aircraft carriers. Naval Sea Systems Command will provide $1.34B in fiscal 2019 shipbuilding, conversion and “other” procurement funds at the time of award to Bechtel Plant Machinery Inc., the Defense Department said …

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Harris to Build Optical Telescope Under $196M NASA Contract

Harris (NYSE: HRS) has received a potential seven-year, $195.9M contract to build an optical structure for NASA‘s Wide Field Infrared Survey Telescope mission. The company will provide personnel, services, materials, equipment and facilities needed for the construction, refurbishment or modification of the optical telescope assembly, the space agency said Friday. NASA asked Harris to …

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Navy Picks Five Companies for $84M BUMED Financial, Business Ops Support Contract

Five companies will compete for task orders to help the U.S. Navy‘s Bureau of Medicine and Surgery manage financial and business operations under a potential four-year, $83.8M contract. The indefinite-delivery/indefinite-quantity contract’s ordering period is scheduled to commence in February 2019 and will continue through January 2023, the Defense Department said Friday. Eighty …

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Pratt & Whitney to Continue F-35 Propulsion Tech Sustainment Work Under $400M Contract Modification

United Technologies Corp.‘s (NYSE: UTX) Pratt & Whitney subsidiary has received a one-year, $399.8M contract modification from Naval Air Systems Command to provide sustainment services for the F-35 aircraft propulsion technology. Pratt & Whitney’s military engines division will continue to sustain F135 propulsion systems for the U.S. Navy, U.S. Marine Corps, U.S. Air Force,non-Defense …

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