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Tag Archives: featured

Carlyle Group Reduces Booz Allen Ownership Stake to 37%

An affiliate of The Carlyle Group (NASDAQ: CG) has sold 10 million shares of Booz Allen Hamilton‘s (NYSE: BAH) Class A common stock to J.P. Morgan Securities for $263.1 million, or around $26.31 per share. Booz Allen said Wednesday that these transactions would result in Carlyle owning 37 percent of Booz Allen’s outstanding stock. The firm added that it also …

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Roy Smith: Fulcrum Lands Task Orders for Army Sensor Tech Support

Fulcrum has received $22 million in task orders during the fourth quarter of its 2014 fiscal year to help the U.S. Army deploy and maintain sensor technologies. The company was awarded the orders as a prime contractor on the Army’s $1.8 billion Warrior Enabled Broad Sensing services program, Fulcrum said …

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State Dept OKs $1.4B PAC-3 Missile Sale to South Korea

The State Department has approved a $1.405 billion foreign military sale of Patriot Advanced Capability missiles and components to South Korea. Raytheon (NYSE: RTN) and Lockheed Martin‘s (NYSE: LMT) missiles and fire control business are the primary contractors for the sale, the State Department said Wednesday. South Korea has ordered 136 PAC-3 missiles with containers, …

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Ian King: BAE-Dassault Team Awarded $192M for Anglo-French Combat Aircraft Research

A BAE Systems and Dassault Aviation partnership has been awarded a $192 million contract to perform a feasibility study of the U.K. and France’s proposed combat aerial vehicles. The companies will perform the research to help the governments of France and U.K. define requirements for the countries’ Future Combat Air …

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ICF International Closes $295M Olson Buy; Sudhakar Kesavan Comments

ICF International (NASDAQ: ICFI) has completed the acquisition of Olson, a provider of marketing technology and digital services,  for $295 million. ICF bought Olson in cash from private equity firm KRG Capital Partners and other shareholders, ICF said Wednesday. “Together, ICF and Olson will guide clients through this new digital revolution across …

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November 6 Morning Report: GovCon Index Down on Wednesday’s Close

The GovCon Index closed Wednesday at 68.400, down 0.093 or 0.137 percent.         Top Percentage Gainers Company Stock Price % Change ManTech International Corp. 29.71 3.30% Navistar 35.83 2.52% Textron 42.05 1.64% Honeywell 96.71 1.49% SAIC 50.32 1.41% Market Summary Advancing Issues 18 (60.00%) Declining Issues 12 (50.00%) Unchanged …

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Linda Mills, Northrop Corporate VP of Operations, to Retire in January

Linda Mills, corporate vice president of operations at Northrop Grumman (NYSE: NOC) and a 35-year veteran of both Northrop and the former TRW, plans to retire from the company on January 3, 2015. Northrop disclosed Mills’ pending retirement in a Securities and Exchange Commission filing released Wednesday. The news was first reported by Jill Aitoro of …

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Ken Asbury: CACI to Collaborate With JIEDDO on Asymmetric Threat Defense

CACI International (NYSE: CACI) has received a potential $149 million task order to work with the Defense Department‘s Joint Improvised Explosive Device Defeat Organization on how to defend against asymmetric threats. CACI said Wednesday it received the task order via the General Services Administration‘s Federal Systems Integration and Management Center to help JIEDDO’s Special Operations Forces Support Team …

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Lynn Dugle: Raytheon Buys Blackbird Technologies to Further ISR, Cyber Defense Work

Raytheon (NYSE: RTN) has bought Blackbird Technologies for approximately $420 million in a move aimed at growing Raytheon’s cybersecurity, ISR and special operations technology offerings. Herndon-based Blackbird will operate under Raytheon’s intelligence, information and services business organization, Raytheon said Wednesday. “Blackbird Technologies is a strong fit for Raytheon and enhances …

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Bechtel, CH2M Hill, PwC Awarded UK Managed Service Provider Contracts

The U.K. defense ministry has selected three companies to provide defense equipment and support services to the country’s military under the ministry’s 10-year, $261.7 billion armed forces equipment program. Bechtel won a contract on air and fleet support, CH2M Hill on land and joint enabler areas and PwC on human resource services, the ministry said Tuesday. “The …

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