Tag Archives: Navy

Tech Services Contractor VT Group Rebrands as VTG; John Hassoun, Sunil Ramchand Quoted

John Hassoun CEO VTG

VT Group has changed its name to VTG and combined its enterprisewide capabilities under a single model for customer delivery as part of efforts to provide an expanded range of sustainment and engineering services to defense agency clients and reflect the platforms it now offers across aerospace, naval, network and digital domains.

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Cubic-Northrop-Carley Team to Pursue Navy’s RRL Content Conversion Contract; Mike Knowles Quoted

Mike Knowles President Cubic Global Defense

Cubic’s (NYSE:CUB) global defense segment has teamed up with Northrop Grumman (NYSE: NOC) and Carley to compete for the U.S. Navy’s potential $93M contract to design, develop, test and deliver products in support of the service’s Fiscal Year 2021 Ready Relevant Learning Content Conversion program.

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Sparton’s Engineered Defense Products Business to Operate as Standalone Entity; Bill Toti Quoted

Bill Toti President and CEO Sparton ECP

One Equity Partners has agreed to acquire Sparton's manufacturing and design services segment, allowing the latter company to focus exclusively on its engineered defense products business. Bill Toti, president and CEO of Sparton’s engineered components and products business and a previous Wash100 awardee will become CEO of Sparton as the ECP segment will transition into an independent entity upon the deal’s completion, Sparton said Friday.

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General Dynamics Gets Potential $9.5B Contract Modification for Columbia-Class Submarine Design, Construction

General Dynamics’ (NYSE: GD) Electric Boat subsidiary has received from the U.S. Navy a potential $9.5B contract modification with an option to build two Columbia-class ballistic missile submarines. The modification has a base amount of $869M for continued delivery of engineering and design support for the submarines.

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