Tag Archives: featured

Reuters: Providence Equity Partners Mulls SRA IPO or Sale

Providence Equity Partners is looking to either sell or launch an initial public offering of SRA International, which the investment arm believes has a value of approximately $2 billion, Reuters reported Thursday. Mike Stone and Greg Roumeliotis write the private equity firm has partnered with Citigroup to examine the possibility of …

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Germany to Discuss Missile Order with Lockheed-MBDA Team

Germany could initially procure 8 to 10 Medium Extended Air Defense Systems from the team of Lockheed Martin (NYSE: LMT) and MBDA for the country’s missile defense system replacement initiative, Reuters reported Thursday. Michelle Martin writes Thomas Homberg, managing director at MBDA, said that upcoming contract discussions would center on …

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Former NRO Director Bruce Carlson Elected to Lockheed Board; Marillyn Hewson Comments

Bruce Carlson, who led the U.S. National Reconnaissance Office from 2009 to 2012, will officially join Lockheed Martin (NYSE: LMT) on July 1 as a member of the board of directors. Lockheed said Thursday that Carlson, a retired U.S. Air Force general, will also serve on the board’s nominating and …

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June 25 Market Close: GovCon Index Down, US Stocks Stutter on Biotech Losses

The GovCon Index closed in negative territory for the third consecutive day Thursday with a loss of 0.264 points to end at 76.030. Losses in the transportation and biotechnology sector sent U.S. stocks slightly down Thursday and many investors attributed the trading activity and volume to uncertainty over negotiations between Greece and …

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Jennifer Felix Joins Vencore as SVP, CFO; Mac Curtis Comments

Jennifer Felix, formerly chief financial officer at Sotera Defense Solutions, has joined Vencore as senior vice president and CFO. Her appointment takes effect July 20 and she will oversee Vencore’s relations with investors and the strategic advisory council and manage tax, accounting and other aspects of the company’s financial functions, Vencore said …

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General Atomics Gets $121M Modification on Gray Eagle UAS Production Contract with Army

General Atomics has received a $121.4 million contract modification from the U.S. Army to build Gray Eagle unmanned aircraft systems and satellite data terminals. The award covers production of 19 Gray Eagles and 19 satcom terminals and is a modification to a potential $200 million contract the company was awarded …

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Rolls-Royce Secures $100M Contract for Air Force Turbine Engines Program

Rolls-Royce‘s North American technologies business has secured a potential $100 million contract to develop and upgrade turbo-propulsion engines for the U.S. Air Force’s fleet under phase III of the Versatile Affordable Advanced Turbine Engines program. The military branch received 34 bids for the indefinite-delivery/indefinite-quantity contract, the Defense Department said Wednesday. …

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L-3 Awarded $95M Contract to Help Train Saudi Arabian AF

An L-3 Communications (NYSE: LLL) business unit will provide air operations center training for the Saudi Arabian air force under a $95 million foreign military sale contract with the U.S. Air Force. The Defense Department said Wednesday L-3 National Security Solutions will perform work for the indefinite-delivery/indefinite-quantity contract in Saudi Arabia through …

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Lockheed Awarded $480M for C-130J Aircraft System Upgrades

The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential 15-year, $480 million contract to provide follow-on research and development services for the C-130J aircraft upgrade program. The Defense Department said Wednesday that Lockheed will also help enhance systems of the military transport aircraft under the sole-source contract. …

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Brian Foster Joins Neustar as Information Services SVP; Lisa Hook Comments

Brian Foster, formerly chief technology officer at Damballa, has joined Neustar (NYSE: NSR) as senior vice president of information services. He will oversee Neustar’s information services product strategy and execution and be based in the company’s San Francisco office, Neustar said Wednesday. Foster will succeed Ted Prince, who has been appointed …

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