Tag Archives: featured

Airbus Sells Back $987M in Dassault Aviation Shares; Marwan Lahoud Comments

Dassault Aviation has repurchased 810, 072 of its own shares from Airbus Group for approximately $987 million or $1, 221 per share through a block trade. The transaction would reduce Airbus’ ownership stake in Dassault from 46 percent to 42 percent, Airbus said Friday. Marwan Lahoud, marketing and chief strategy …

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Philippe Logak Named Acting Thales Chairman, CEO

Philippe Logak, corporate secretary and general counsel at Thales, has been appointed to serve as the company’s chief executive and chairman on an interim basis. He succeeds Jean-Bernard Levy, who has stepped down to lead French electric utility firm EDF, Thales said Thursday. Logak joined Thales in 2013 as general …

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November 26 Market Close: GovCon Index Extends Climb With Push From Cubic

The GovCon Index continued its week of gains into a third straight day as it closed at 70.507 — a 0.35 percent increase from Tuesday. Cubic Corp. (NYSE: CUB) was the largest gainer for the Index as the company said in its earnings release it set a new quarterly revenue record. Reuters …

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Paul Donahue: Private Equity Firm to Acquire G4S Government Solutions

An unnamed private equity firm has agreed to purchase Florida-based security firm G4S Government Solutions for $135 million. G4S GS also changed its name to Centerra Group LLC and the renamed company will offer protection and fire support services in the federal market, Centerra said Tuesday. “The private equity firm plans …

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Navy Taps 4 Firms for $97M R&D IDIQ

The U.S. Navy has awarded positions on a potential two-year, $96, 945, 000 contract for research and development services to Booz Allen Hamilton (NYSE: BAH), CENTRA Technology, ManTech SRS Technologies (NASDAQ: MANT) and Schafer Corp. Awardees will provide technical, programmatic, financial and administrative services for several Defense Advanced Research Projects Agency programs, the …

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Cubic Sets Revenue Record in 4Q 2014, Records 3% Hike for Full Fiscal Year

Cubic Corp. (NYSE: CUB) has announced financial results for its fourth quarter and full 2014 fiscal year ended Sept. 30, 2014. The San Diego-based defense and transportation technology contractor reported a 3-percent increase in revenue to $1.398 billion for the full year and a 16-percent jump to a record figure of …

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Airbus to Help Air Force Operate Satellite Imagery Ground Stations

Airbus‘ defense and space segment will help the U.S. Air Force with system evolution and maintenance support on the service’s five Eagle Vision ground stations through 2019 under a new five-year contract. Airbus said Tuesday the contract includes 24/7 support, spares management, failure corrections, preventive maintenance and staff training services as well as satellite integration, …

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Unisys to Migrate DOJ’s Crime Data Resources to Cloud Platform; PV Puvvada Comments

Unisys (NYSE: UIS) has won a potential three-year, $19 million contract to help the Justice Department consolidate the agency’s criminal justice information systems into a cloud computing infrastructure. The agency chose Unisys to implement a cloud platform and provide shared web hosting for the National Criminal Justice Reference Service program, …

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November 25 Market Close: GovCon Index Reaches New High

The GovCon Index reached a new high to 70.341, up 0.309 percent, while both Dow Jones Industrial and S&P 500 finished slightly down -0.02 percent and -0.12 percent,  respectively. The energy sector weighted on the board with oil prices hitting a four-year low.     Top Percentage Gainers Company Stock Price $ Change % …

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Peter Martin to Lead Exelis’ Electronic Attack, Release Systems Business; Rich Sorelle Comments

Peter Martin will serve as vice president and general manager of Exelis‘ (NYSE: XLS) electronic attack and aircraft release systems business and will oversee operations at company facilities in Amityville and Bohemia in New York. The company said Monday Martin holds close to 35 years of defense and aerospace industry experience and served as a cryptologic …

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