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Tag Archives: featured

State Dept Clears Potential $2.91B F-16 Aircraft Sale to Slovakia

The State Department has approved Slovakia’s request to buy 14 F-16 Block 70/72 V configuration aircraft and related equipment and services from the U.S. government through a potential $2.91 billion foreign military sales agreement. Lockheed Martin (NYSE: LMT) will act as the prime contractor in the proposed deal in support of Slovakia’s …

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NAVSEA Moves to Address Potential OCI in General Dynamics-CSRA Combination

The U.S. Navy has initiated several measures to avoid any potential organizational conflict of interest that may emerge following the completion of General Dynamics’ (NYSE: GD) $9.7 billion acquisition of CSRA. The Naval Sea Systems Command said Tuesday it asked General Dynamics and CSRA to hand over to a third party …

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Orolia to Buy Talen-X in PNT Tech Expansion Push

Lanham, Maryland-based Orolia has agreed to purchase GPS and global navigation satellite system threat mitigation platforms provider Talen-X for an undisclosed sum. Orolia CEO Jean-Yves Courtois said in a statement published Tuesday the acquisition seeks to reinforce the company’s position as an assured positioning, navigation and timing technology platforms provider …

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State Dept Approves Potential $1.3B Chinook Helicopter Sale to Spain

The State Department has approved Spain’s request to purchase CH-47F Chinook cargo helicopters and related equipment under a potential $1.3 billion foreign military sales agreement. Boeing (NYSE: BA) will serve as prime contractor of the possible sale, which covers 17 Chinooks with customer-unique modifications, 21 AN/AAR-57A(V)8 common missile warning systems and 42 embedded global …

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Curtiss-Wright Wraps Up $212M Dresser-Rand Govt Business Acquisition

Curtiss-Wright (NYSE: CW) has closed its $212.5 million cash acquisition of the Dresser-Rand government business from Siemens in a move to expand aftermarket support for the U.S. Navy and footprint on the service branch’s nuclear ships. Dresser-Rand will mainly focus its sales efforts on the naval defense market and will now operate as part of …

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General Dynamics Closes $9.7B CSRA Purchase

General Dynamics (NYSE: GD) has concluded its approximately $9.7 billion acquisition of CSRA (NYSE: CSRA) in a push to establish a combined government information technology services contractor. CSRA will operate as part of General Dynamics’ IT business and will stop trading on the New York Stock Exchange as a result of …

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On Assignment Changes Name to ASGN as $775M ECS Federal Buy Closes

On Assignment concurrently wrapped up its $775 million purchase of Fairfax, Virginia-based information technology services provider ECS Federal and adopted the name ASGN Inc. (NYSE: ASGN) to reflect the combined entity’s business. The companies first announced the transaction in January and ASGN said Monday ECS will continue its operations under the same brand …

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Paul Mountford Succeeds Jerry Kennelly as Riverbed CEO

Paul Mountford, formerly senior vice president and chief sales officer at Riverbed Technology, has been selected to succeed the retiring Jerry Kennelly as CEO of the San Francisco-based digital platforms provider. Riverbed said Tuesday Kennelly, who will retire after 16 years at the helm, will serve in an advisory capacity …

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Lockheed Gets $247M NASA Supersonic X-Plane Development Contract

Lockheed Martin (NYSE: LMT) has received a potential $247.5 million contract to design, build and test a supersonic aircraft for NASA. NASA said Tuesday the cost-plus-incentive-fee contract calls for the development of a Low-Boom Flight Demonstration aircraft, dubbed X-plane, designed to travel at a speed of about 940 miles per hour at …

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Boeing Lands $313M Follow-On Award for Canadian Air Force Chinook Fleet Support

Boeing (NYSE: BA) has received a $313 million follow-on contract to provide logistics, engineering, supply chain, data analytics and training services for the Canadian air force’s fleet of Chinook heavy-lift helicopters. The company said Tuesday it will continue to provide lifecycle support to the CH-147F  helicopters through 2023 under an amendment to a performance-based …

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