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Tag Archives: featured

Bechtel-Led Consortium to Help Air Force Run Flight Simulation Facilities

A joint venture of Bechtel, Sierra Lobo and GP Strategies has been awarded a potential eight-year, $1.5 billion contract to run a complex of flight simulation facilities at Arnold Air Force Base in Tennessee. National Aerospace Solutions will help manage test operations, technology development and sustainment activities at the Air …

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Brian Keller: Saab to Produce US Army Camouflage Systems

Saab has been selected to supply camouflage equipment to the U.S. Army over the next six months. The company’s camouflage systems are designed to protect camps, vehicles and humans from sensors, Saab said Thursday. “We are proud to be able to continue to deliver state-of-the-art solutions to the U.S. Army, ” said …

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June 10 Market Close: GovCon Index Rises 1%, Bank Gains Lift US Market

The GovCon Index bounced back from a two-day stretch of losses Wednesday to record a gain of 1.675 percent — or 0.944 points — and close at 76.252. U.S. stocks rose with banks and financial stocks as among the drivers of Wednesday’s trading activity and investors also cheered news that Greece and …

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Acquisition Company GDEF to Buy STG in $165M Cash-Stock Deal

Acquisition company Global Defense & National Security Systems (NASDAQ: GDEF) has agreed to purchase Reston, Va.-based government contractor STG for approximately $165.5 million in cash and stock,  GDEF said Wednesday. GDEF expects to close the $10.55-per-share transaction in the third quarter of the company’s 2015 fiscal year and the deal is subject to the approval of its shareholders. The company’s fiscal …

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Rick Wagner Appointed to ManTech SVP Post; Bill Varner Comments

Rick Wagner, formerly chief strategy officer at TASC, has been appointed senior vice president and general manager of ManTech International’s (Nasdaq: MANT) advanced technical solutions division. He will oversee ManTech’s work to develop cloud computing, big data, analytics and enterprise information technology systems for the intelligence community, the company said Wednesday. The division is …

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Rob Carey Joins Vencore as Navy, Marine Corps Programs VP; Mac Curtis Comments

Rob Carey, formerly public sector cybersecurity chief at Computer Sciences Corp. (NYSE: CSC), has joined Vencore as vice president of U.S. Navy and Marine Corps programs within the Chantilly, Va.-based company’s defense group. He will be responsible for Vencore’s systems integration, research and data analytics business for Navy and Marine Corps …

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Grant Thornton Names Carlos Otal as Public Sector Practice Managing Partner

Carlos Otal, a 10-year veteran of Grant Thornton, has been named managing partner at the company’s global public sector practice. He most recently led the practice’s financial management advisory and audit services division and succeeds Srikant Sastry, who now serves as national managing principal for the advisory services practice, Grant …

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State Dept Clears $2B in Foreign Arms Sales With South Korea, Lebanon

The State Department has approved two separate foreign military sale agreements worth approximately $2.37 billion combined for South Korea to purchase the Aegis Combat System and Lebanon to buy A-29 Super Tucano aircraft. The Defense Security Cooperation Agency said Tuesday the principal contractors on the $1.91 billion Aegis sale to South Korea are Lockheed Martin (NYSE: LMT), …

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US Air Force Taps 6 Firms for $48M Environmental, Construction IDIQ Contract

Six companies have won a combined $48 million contract to carry out environmental and construction support services for the U.S. Air Force. The 772nd Enterprise Sourcing Squadron awarded the indefinite-delivery/indefinite-quantity contract through a competitive process and the winning contractors are expected to complete work through June 8, 2023, the Defense …

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Reuters: Textron Interested in Merger With Sikorsky

United Technologies Corp.‘s (NYSE: UTX) Sikorsky Aircraft subsidiary received a merger offer from Textron (NYSE: TXT) earlier this month, Reuters reported Tuesday. Reuters cites unnamed sources that say UTC is in the process of examining whether to spin off Sikorsky or merge the business with Textron through a tax-free transaction. …

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