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Tag Archives: featured

CACI Closes $820M Six3 Systems Buy; Jack London, Ken Asbury Comment

CACI International (NYSE: CACI) has wrapped up its $820 million acquisition of Six3 Systems from private equity firm GTCR, closing the largest-ever transaction in CACI’s history. Arlington, Va.-based CACI aims for the acquisition to further build up its offerings in the C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), intelligence and cyberspace …

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Bechtel Subsidiary Navy Nuclear Lab Mgmt Contracts Extended for $13B; Craig Albert Comments

A Bechtel subsidiary will continue to operate and manage two atomic power laboratories for the U.S. Navy and Energy Department under two-five year extensions worth $13 billion combined. Bechtel Marine Propulsion will work at the Bettis and Knolls facilities until at least Sept. 30, 2018 under the Naval Reactors Program, Bechtel said …

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Timothy Geithner to Lead Warburg Pincus as President

Timothy Geithner, former treasury secretary, will serve as president and managing director at New York-based private equity firm Warburg Pincus starting in March 2014, Reuters reported Saturday. Lisa Shumaker and Julie Steenhuysen write Geithner will help oversee business strategies, investments, funding, organizational structure, portfolio and investor relations. Geithner was a …

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Raytheon-Lockheed JV Wins $176M for US, Intl Military Missiles; Jeff Miller Comments

A joint venture of Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT) has won a $176 million contract to produce missile systems for U.S. and foreign military customers. The Javelin Joint Venture will build 842 Block I missile rounds and 120 command launch units for the U.S. Army, U.S. Marine Corps, …

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Report: Private Companies Ramp Up R&D Investments

Many private defense contractors in the U.S. have increased their investments in research and development initiatives, Defense News reported Sunday. Zachary Fryer-Biggs writes public defense vendors largely spend between 1 abd 2 percent of sales on new ideas and technologies. Private firms such as Alion Science and Technology are boosting …

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Scott Webster Named MBDA’s US Chairman, CEO; Jerry Agee to Retire

Scott Webster, a co-founder of space system manufacturer Orbital Sciences, has joined the U.S. arm of global missile technology contractor MBDA Group as chairman, CEO and managing director. He succeeds Jerry Agee, who will retire from MBDA Inc. this month after four years at the helm, MBDA said Thursday. At …

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John Gilligan Joins Schafer as President, COO; Michael Griffin Comments

John Gilligan, formerly president of information technology and cybersecurity consulting firm Gilligan Group, has joined Arlington, Va.-based technical services and engineering contractor Schafer Corp. as president and chief operating officer. The 25-year government and industry veteran will oversee Schafer’s day-to-day operations and help to set and communicate the company’s strategic …

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Gus Hunt to Help LLR Target New Govt Market Investments; Jason Rigoli Comments

Gus Hunt, a 28-year CIA veteran and the agency’s former chief technology officer, has joined private equity firm LLR Partners as an operating partner. The firm has opened a second office in Arlington, Va. in addition to its Philadelphia location as it pursues investments in government technology and services businesses …

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Harry Lee Promoted to Northrop Corporate Contracts, Pricing, Supply Chain VP; James Palmer Comments

Harry Q.H. Lee II, a 27-year veteran of Northrop Grumman (NYSE: NOC), has been promoted to vice president of corporate contracts, pricing and supply chain. Lee will work to develop contracting processes and policies for the company and serve as principal interface for government regulators on pricing and contracts concerns, Northrop said …

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