Tag Archives: featured

ARCTEC to Maintain U.S. Air Force Alaska Radar, Radio Sites; Mark Gray Comments

ARCTEC Alaska, an ASRC Federal Primus–ATCO Structures & Logistics joint venture, has won a $340 million contract to operate and maintain the U.S. Air Force‘s radar and radio sites located across Alaska. The joint venture will perform the services on 15 radar facilities of the North American Aerospace Defense Command and the U.S. Northern Command, …

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Exelis Spins Off Gov’t Services Arm ‘Vectrus’

Exelis (NYSE: XLS) has completed the spinoff of its mission systems business unit into a standalone company called Vectrus. Vectrus will trade under the “VEC” ticker symbol beginning on Monday and aims to deliver information technology, infrastructure and supply chain management, network communication and logistics services in the government market, …

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Tom Enders: Airbus Explores Strategic Options for Defense, Security Tech Portfolio

Tom Enders, CEO of Airbus Group, has said the company is in talks with several interested parties for its defense electronics and border security technology assets, Reuters reported Thursday. “The decision is that clearly this is not a core business for us and we have started to discuss with possibly …

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SES Gov’t Services CEO Tip Osterthaler to Retire in March; Billy Bingham Comments

Tip Osterthaler, president and CEO of SES Government Solutions, plans to retire in March 2015 after nearly a decade at the helm of the satellite services provider. SES Government Solutions said Thursday a search committee within the board of directors will conduct an executive search for Osterthaler’s successor in order to enable the transition process to start early next year. …

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Northrop Awarded Navy Logistics, Weapons Supply Mgmt Contract; Todd Leavitt Comments

Northrop Grumman (NYSE: NOC) has been awarded a five-year, $61 million contract to manage the U.S. Navy’s logistics and weapons systems. The company will provide performance based logistics supply support to the Naval Supply Systems Command’s weapon systems facility in Mechanicsburg, Pennsylvania,  Northrop said Thursday. “By supporting unforeseen needs and faster turnaround deployment …

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Michael Brown Appointed Full-Time CEO at Symantec; Dan Schulman Comments

Michael Brown, interim president and CEO of Symantec (NASDAQ: SYMC), has been confirmed for the chief executive role on a full-time basis by the board of directors after six months as acting CEO. Brown was selected through an executive search process performed by a special committee within the board alongside search firm Russell Reynolds, Symantec said Thursday. “[He] demonstrated …

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Marillyn Hewson: Lockheed Extends Dividend Increases as Repurchase Program Continues

Lockheed Martin (NYSE: LMT) will move forward on its share repurchase program after the board of directors approved to buy back an additional $2 billion of the company’s common stock. The company also said Thursday its dividend for its fiscal year 2014 fourth quarter will increase 13 percent from the previous quarter $1.50 and is payable on Dec. …

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John Heller: PAE-Parsons JV Wins $532M to Continue Joint Military Base Support in Guam

A PAE–Parsons joint venture has been awarded a potential eight-year, $532 million contract to continue supporting base operations of the U.S. Navy and Air Force in Guam. DZSP 21 will help manage ports, ordnance, water and wastewater plants, galleys, and utility distribution systems at the Joint Region Marianas installation, Parsons …

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Stu Fleagle: Carpathia to Help Build Hybrid Cloud for NATO’s Seasparrow Program

A team comprising Carpathia and Accelera Solutions has been awarded a $3.1 million contract to provide a hybrid cloud environment for the information technology operations of NATO’s Seasparrow program. “We worked closely with the Accelera team to deliver a solution that could meet NATO’s extensive purpose-built security controls, continuous monitoring, and complete certification and accreditation …

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Boeing Wins $102M to Build Army’s Next-Gen Automatic Test System

Boeing (NYSE: BA) has won a six-year, $102 million contract to build a system for the U.S. Army to facilitate test technology integration. The Army received three bids for the indefinite-delivery/indefinite-quantity contract to produce the Next Generation Automatic Test System,  the Defense Department said Wednesday. According to the Army, NGATS will …

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