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Tag Archives: featured

Boeing-Led Team Wins $524M to Train Australia’s Military Helicopter Pilots; Kim Gillis Comments

A Boeing-led (NYSE: BA) consortium has been awarded a $524 million contract to provide combat helicopter training to air crews of Australian army and navy over the next 25 years. Boeing partnered with Thales, Airbus and Turbomeca for the Australian military’s JP 9000 Phase 7-Helicopter Aircrew Training System program, Boeing …

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Kevin Berryman Joins Jacobs as EVP, CFO; Craig Martin Comments

Kevin Berryman, formerly executive vice president and chief financial officer at International Flavors and Fragrances, has joined Jacobs Engineering Group (NYSE: JEC) as EVP and CFO. Berryman will succeed 40-year Jacobs veteran John Prosser and be responsible for the company’s accounting, investor relations, mergers and acquisitions, global supply management and real estate operations, Jacobs said Friday. “Kevin …

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Anne Altman, IBM Federal Head, Lands ‘Executive of the Year’ Honor at GovCon Awards

Anne Altman, general manager of federal government and industries at IBM, has been selected as this year’s winner of the Greater Washington Government Contractor Awards‘ “Executive of the Year” honor for leaders of contractors that exceed $300 million in revenue. Altman, a three-decade company veteran who became IBM’s U.S. federal business leader in January …

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Raytheon, DRS Subsidiary Win $28M Contract for Army Tech Integration Program

Raytheon (NYSE: RTN) and a subsidiary of DRS Technologies will support the U.S. Army‘s Horizontal Technology Integration Second Generation Forward Looking Infrared program under a $28 million contract. The Defense Department said Thursday that Raytheon and DRS Network and Imaging Systems will provide manufacturing, program and configuration management, test and logistics, quality assurance and other support services …

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November 14 Market Close: GovCon Index Ends Week With Nominal Decline

The GovCon Index did not make it five-for-five on positive closing figures for this week as it ended Friday’s trading day at 68.933 — a decrease from Thursday’s figure by 0.086 percent, or 0.059 points. A mixed day reflected investors’ attitude toward improved consumer confidence numbers and a 0.3 percent increase in retail …

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DOE Taps IBM, Mellanox, Nvidia Tech for $325M Nat’l Lab Supercomputer Program

The Energy Department will allocate $325 million in funds to develop two new supercomputers at the Oak Ridge and Lawrence Livermore National Laboratories and another $100 million toward future extreme scale supercomputing technologies. Oak Ridge’s “Summit” and Lawrence Livermore’s “Sierra” supercomputers will contain IBM‘s (NYSE: IBM) Power Architecture, Mellanox’s Interconnected and NVIDIA’s Volta …

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Lee Rivas: LexisNexis to Buy Health Market Science for HIT Market Push

LexisNexis Risk Solutions is acquiring clinical data management firm Health Market Science in a bid to expand LexisNexis’ information technology offerings for the healthcare sector. The companies aim to combine HMS intelligence services with LexisNexis-built analytics tools to help healthcare organizations avoid fraud as well as address compliance and care …

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Canada Orders General Dynamics Vehicle Surveillance System; Danny Deep Comments

A General Dynamics (NYSE: GD) business arm will provide a surveillance system for the Canadian military to integrate on vehicles for the Light Armored Vehicle III Upgrade program under a $252.7 million contract. General Dynamics Land Systems-Canada said Thursday the system includes radars, image intensification sights, thermal imaging, laser range finder and GPS and works with …

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ORBCOMM, Inmarsat to Share SkyWave M2M Business Under $130M Deal

ORBCOMM (NASDAQ: ORBC) will buy Inmarsat partner SkyWave Mobile Communications under a $130 million transaction as part of ORBCOMM’s efforts to add new operational and manufacturing tools in its machine-to-machine offering, SatNews reported Thursday. The potential acquisition will be in the form of $122.5 million in cash and a $7.5 million promissory note for some of Inmarsat’s shares in …

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Orbital Sciences to Operate NASA Balloon Program Facilities

Orbital Sciences Corp. (NYSE: ORB) has won a potential $186.3 million contract to operate NASA‘s balloon program. Orbital Sciences will perform the work at the Goddard Space Flight Center and three other facilities in Virginia,  New Mexico and Texas, NASA said Thursday. The task is schedule to take place between Feb. 1, 2015, and Sept. 30, 2016, under a basic core contract …

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