Tag Archives: featured

Reuters: 3 Private Equity Firms Vie for Dell’s Quest Software, SonicWall Assets

KKR & Co. (NYSE: KKR),  Vista Equity Partners Management and Thoma Bravo have submitted bids to acquire $4 billion in Dell assets that offer information technology management and email encryption services, Reuters reported Tuesday. Liana Baker and Greg Roumeliotis write the potential sale of Dell’s Quest Software and SonicWall could help Dell reduce the debt it …

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Lockheed Martin Lands $914M FMS Deal to Update Singapore’s F-16s

Lockheed Martin (NYSE: LMT) will update Singapore’s F-16 fleet under a $914 million sole-source contract as part of the U.S. Air Force‘s foreign military sales program. The Defense Department said Tuesday the company will perform work in Texas through June 30, 2023. Singapore has previously requested an upgrade in 2014 to bolster the combat …

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General Dynamics Receives $80M AF Air Defense Comms Contract; Edward Hudson Comments

General Dynamics (NYSE: GD) has received a five-year, $80 million contract to maintain the U.S. Air Force’s air defense communications program. General Dynamics Information Technology will work to manage and provide logistics support for the North American Aerospace Defense Command and Pacific Air Forces Air Defense’s communications systems, the company …

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Andy Teich: FLIR Systems Eyes Security Tech Portfolio Growth Through $92M DVTEL Buy

FLIR Systems (Nasdaq: FLIR) has bought New Jersey-based video surveillance hardware and software maker DVTEL for about $92 million cash in a push to expand security product offerings. Andy Teich, FLIR president and CEO, said in a statement released Monday the acquisition complements FLIR’s strategy to deliver end-to-end technology platforms in …

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December 1 Market Close: GovCon Index Rallies as US Stocks Extend Gains

The GovCon Index recovered some ground from Monday’s decline and adjustment from the addition of CSRA (NYSE: CSRA) to end at a gain of 0.649 points to 78.713 on Tuesday. U.S. investors appeared to discount the latest Institute for Supply Management index figure that showed a decline to 48.6 in November from October’s 50.1 …

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SAIC to Help USDA Develop New Crop Insurance Products; Bob Genter Comments

Science Applications International Corp. (NYSE: SAIC) has received a $156 million contract from the Agriculture Department to develop new crop insurance products and design information technology systems for USDA’s Risk Management Agency. The company said Tuesday it will perform program and project management, enterprise architecture, software development, IT operations and maintenance and end-user …

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L-3 NSS Division to Provide Army Cloud IT Services; Les Rose Comments

An L-3 Communications (NYSE: LLL) division has received a potential five-year, $107 million task order to provide technical support and cloud-based services for about 20, 000 computing systems of the U.S. Army. L-3 said Monday its national security solutions segment will help the Army’s information technology agency to manage standard and virtual desktop computers and …

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Harris to Refresh NAVSEA Radar Systems for $113M; Rich Sorelle Comments

The U.S. Naval Sea Systems Command has awarded Harris Corp. (NYSE: HRS) a potential four-year, $113 million contract for the modernization of AN/SPS-48E three-dimensional radar systems. The contract has a one-year base value of $39 million and calls for Harris to convert the maritime radars into the SPS-48G configuration under the U.S. Navy‘s Radar …

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Sikorsky Awarded $940M Army Contract Modifications for Logistics, H-60 Technical Support

The U.S. Army has awarded Lockheed Martin (NYSE: LMT) unit Sikorsky two contract modifications worth almost $940 million combined to provide support services and technical support for H-60 military helicopters and associated weapon systems. One potential $833 million contract covers sustainment, engineering, provisioning, manpower and packaging, handling, storage and transportation services, the Defense …

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M1 Support Services Wins $305M Contract for O&M Services at Nellis AFB

M1 Support Services has won a $304.97 million contract for operations and maintenance services at the U.S. Air Force’s Nellis aircraft maintenance base in southern Nevada. The company will work to maintain A-10, F-15, F-16, F/A-22 and F-35 aircraft at the Nellis Air Force Base and perform backshop maintenance support …

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