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Tag Archives: govcon

Boeing’s HorizonX Ventures Invests in Agylstor Computational Storage Platform

TYSONS CORNER, VA, June 1, 2018 — Boeing (NYSE: BA) has placed an investment with computational storage provider Agylstor through its HorizonX Ventures organization to help the latter company develop a ruggedized computing technology that works to store, process and secure data, ExecutiveBiz reported Thursday. Agylstor said Wednesday HorizonX led …

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General Dynamics Unit Wins $87M Contract for Yard Services to Support Navy Ships

TYSONS CORNER, VA, June 1, 2018 — A General Dynamics (NYSE: GD) subsidiary has been awarded a potential $87.2 million contract for integrated planning yard services for the U.S. Navy‘s DDG-51 destroyer and FFG-7 frigate, ExecutiveBiz reported Thursday. Bath Iron Works will provide design, material and planning services to support the …

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Leidos Creates Partner Program to Boost Innovation, Address Client Needs

TYSONS CORNER, VA, June 1, 2018 — Leidos (NYSE: LDOS) has named Amazon Web Services, Cisco (Nasdaq: CSCO), Dell EMC, Hewlett Packard Enterprise (NYSE: HPE), Juniper Networks (NYSE: JNPR), McAfee and NetApp as partners under a new program aimed to boost innovation, program performance and technology delivery in line with clients’ mission needs, ExecutiveBiz …

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CenturyLink’s David Young: Programmatic Approach, IT Modernization CoEs to Support EIS Transition

TYSONS CORNER, VA, June 1, 2018 — David Young, senior vice president of strategic government at CenturyLink (NYSE: CTL), believes a programmatic approach will help federal information technology leaders in their agencies’ transition from the General Services Administration‘s Networx contract vehicle to the potential $50 billion Enterprise Infrastructure Solutions, ExecutiveBiz reported Wednesday. Young, …

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DLT Lands $379M IDIQ Award for Oracle Software Product Licenses

The Department of the Navy has awarded DLT Solutions a potential $379.3 million indefinite-delivery/indefinite-quantity contract for Oracle software brand licenses, according to a FedBizOpps notice posted Thursday. Herndon, Va.-based DLT has provided Oracle product support to DON personnel and users at U.S. Navy and U.S. Marine Corps installations over the past five …

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Perspecta Begins Trading on NYSE as Independent Firm Under CEO Mac Curtis

Perspecta has begun to trade under the ticker symbol “PRSP” on the New York Stock Exchange after it finalized its separation from DXC Technology (NYSE: DXC) and subsequent merger with Vencore and KeyPoint Government Solutions. The independent publicly traded combined company has 14,000 employees and $4.2 billion in pro-forma revenues, Perspecta said Friday. …

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Raytheon Gets Potential $848M Contract to Help Navy Build ‘Over-the-Horizon’ Weapon System

Raytheon (NYSE: RTN) has secured a potential $847.6 million contract to produce an “over-the-horizon” weapon system for the U.S. Navy‘s littoral combat and frigate ships. OTH-WS will consist of a fire control suite and launching mechanisms with encanistered missiles, the Defense Department said Thursday. The firm-fixed-price contract has a $14.8 …

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Valiant Closes $135M Purchase of Cubic’s Global Defense Services Business; Bradley Feldmann Comments

Valiant Integrated Services has wrapped up its approximately $135 million cash acquisition of Cubic’s (NYSE: CUB) global defense services business. Bradley Feldmann, Cubic chairman, president and CEO, said in a statement published Friday the completion of the divestiture is a significant step for the company as it works to achieve and bring …

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PwC: Aerospace & Defense Industry Reported $728B in 2017 Revenue

A new PwC report says the aerospace and defense sector recorded $728 billion in 2017 revenue, reflecting a 4 percent increase from the previous year. PwC reported that A&D companies posted a combined operating profit of $77 billion in 2017 with an on operating margin of 10.6 percent, up from 9.3 percent in …

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General Dynamics Gets $93M Modification on Navy Personnel IT Modernization Contract

General Dynamics‘ (NYSE: GD) information technology unit has received a $93.2 million contract modification from the U.S. Navy to modernize a system used to manage the service branch’s personnel records. The modification falls under a previously awarded indefinite-delivery/indefinite-quantity contract and includes upgrade work on the Navy Standard Integrated Personnel System Enterprise Resource Program system, the Defense …

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