Oroco Capital to Buy AECOM Civil Construction Business; Troy Rudd Quoted AECOM has entered into a definitive agreement to sell its civil construction business, including the Shimmick Construction unit, to Oroco Capital. AECOM said Thursday it expects to complete the sale in January upon the satisfaction of customary closing conditions. ArchIntel Releases Extended Competitive Intelligence …
Read More »Kathy Warden Named AIA Board Chair, Mike Petters to Serve as Vice Chair
Kathy Warden – chairman, CEO and president of Northrop Grumman (NYSE: NOC) and a 2020 Wash100 winner -- has been appointed to succeed Kelly Ortberg as chairman of the Aerospace Industries Association's board of governors. AIA named Mike Petters, president and CEO of Huntington Ingalls Industries (NYSE: HII) and a previous Wash100 awardee, as vice chairman.
Read More »Veritas Capital Strikes $3.4B Cash Deal for Northrop’s Federal IT, Mission Support Business
Veritas Capital has agreed to acquire Northrop Grumman’s (NYSE: NOC) federal information technology and mission support services business for approximately $3.4B in cash. The transaction is expected to conclude in the first half of 2021 and Veritas said Monday it expects to merge the Northrop federal IT business with its portfolio company Peraton upon the deal’s closing, subject to regulatory approvals and other customary closing conditions.
Read More »EM’s Weekly Roundup: White House Unveils National Strategy for Emerging Tech; Dana Deasy Talks Zero-Trust Networks; Boeing Wins $477M DLA Contract; AECOM Closes Sale; Executive Moves for GDIT, Northrop; ASRC Federal Rebrands
THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards AECOM Closes Sale of Power Construction Business to CriticalPoint Capital; Troy Rudd Quoted AECOM has sold its Power construction business to affiliates of CriticalPoint Capital, AECOM reported on Friday. The sale will add to AECOM’s business transformation strategy to become a higher-margin, lower-risk Professional …
Read More »Tom Jones to Succeed Janis Pamiljans as Northrop Aeronautics Systems President; Kathy Warden Quoted
Tom Jones, sector vice president and general manager of airborne sensors and networks division at Northrop Grumman’s (NYSE: NOC) mission systems sector, has been elected by the board of directors to serve as corporate VP and president of the company’s aeronautics systems business, effective Jan. 1.
Read More »Kathy Warden, Chairman, CEO and President of Northrop Grumman, Receives Her Fifth Wash100 Award From Executive Mosaic CEO Jim Garrettson
Kathy Warden, chairman, president and CEO of Northrop Grumman, accepted her fifth Wash100 Award from Jim Garrettson, founder and CEO of Executive Mosaic on Tuesday. Warden’s leadership and vision to drive the company’s growth, secure major contracts with federal agencies and help advance technology for the U.S. military.
Read More »Weekly Roundup: Northrop Grumman Receives $13.3B Ground-Based Strategic Deterrent ICBM Dev’t Contract; Pentagon Upholds JEDI Cloud Contract to Microsoft; Pratt and Whitney Secure Major USAF Contracts; Leidos Defense Group Adds Retired Lt. Gen. Darrell Williams; Antoine Harden Joins Google’s Cloud Segment
THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards Pratt & Whitney Books $580M IDIQ for F-35 Aircraft Propulsion System Spares Raytheon Technologies‘ (NYSE: RTX) Pratt & Whitney subsidiary has secured a $579.8M contract to provide F135 propulsion system spare parts, engines and modules to the U.S. Navy, Marine Corps, Air …
Read More »Former UPS CEO David Abney Named to Northrop’s Board; Kathy Warden Quoted
David Abney, former CEO of UPS (NYSE: UPS) and current executive chairman of the global logistics provider, has been appointed to the board of directors at Northrop Grumman (NYSE: NOC).
Read More »Industry Execs Among Nominated Advisers to National Space Council
Twenty-eight representatives from the government, private and academic sectors have been appointed to serve for a term of up to two years on the user’s advisory group of the National Space Council.
Read More »David Keffer Named Northrop CFO; Kathy Warden Quoted
David Keffer, formerly a general partner at Blue Delta Capital Partners, has been elected to serve as corporate vice president and chief financial officer of Northrop Grumman (NYSE: NOC), effective Feb. 17.
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