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Tag Archives: Navy

Huntington Ingalls to Buy Camber for $380M to Add IT, Govt Services Market Footprints

Military shipbuilder Huntington Ingalls Industries (NYSE: HII) has agreed to acquire government services contractor Camber Corp. for $380 million in a move to diversify revenue and add new information technology work with U.S. defense, intelligence and civilian agencies. Huntington Ingalls’ move for Camber comes in a year where other larger defense prime contractors …

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Engility Highlights 3Q Contract Bookings in ‘Best-Value’ Strategy Shift Versus LPTA

Engility Corp. (NYSE: EGL) described to investors Thursday three third quarter contract wins and the loss of another as examples of its shift toward pursuits of larger “best-value” programs versus lowest-price, technically-acceptable work. A slide in the company’s third quarter earnings call presentation highlighted its potential five-year, $369 million contract announced in October for engineering and technical services …

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Navy Selects General Dynamics to Create Acoustic Path Exploitation System

TYSONS CORNER, VA, Nov. 1, 2016 — The U.S. Navy has awarded General Dynamics‘ (NYSE: GD) mission systems business an $18.9 million contract to support the design and development of an acoustic path exploitation system, ExecutiveBiz reported Monday. The company will deliver, design and build the hardware of the Deep Reliable …

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Weekly Roundup October 17 – October 21, 2016: 3Q Financial Season Not Just Earnings & more

October 17 – October 21, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Another third quarter earnings reporting season is now underway for many large blue chip companies including some in the government contracting arena but that is merely one of many …

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Lockheed Awarded $93M Contract Modification for Navy MUOS Engineering, Logistics Services

A business unit of Lockheed Martin (NYSE: LMT) has received a $92.8 million contract modification to perform engineering and interim logistics work on a military communications satellite system for the U.S. Navy. Lockheed Martin Space Systems will also deliver spares and associated materials for the military branch’s Mobile User Objective System under the modification, the Defense Department said Thursday. …

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Weekly Roundup October 10 – October 14, 2016: DigitalGlobe Enters M&A Picture, L-3 Buys Again & more

October 10 – October 14, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson We have yet another player in the GovCon M&A scene in the form of the company whose satellites help governments and businesses around the world map every piece of planet …

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Boston Consulting Hires Brad Carson as Senior Adviser, Trent Reasons as Associate Director

The Boston Consulting Group has appointed Brad Carson,  former acting undersecretary for personnel and readiness at the Defense Department, as senior adviser and named Trent Reasons, former director of analysis at the Treasury Department, as associate director. BCG said Tuesday Carson will support the management consulting firm’s worldwide public sector practice as well as aerospace and defense programs. …

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BAE’s US Arm to Build More Laser-Guided Rockets for US, Intl Defense Clients Under $618M IDIQ Contract

The U.S. Navy has awarded BAE Systems Inc., the British contractor’s U.S. subsidiary, a potential $618.3 million contract for the full-rate production of precision laser-guided rocket systems. The indefinite-delivery/indefinite-quantity contract covers the supply of FRP lots 5 to 7 Advanced Precision Kill Weapon System II rounds to the Navy, Marine …

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Weekly Roundup October 3 – October 7, 2016: L-3 Makes Buys, M&A Chatter Around Harris & more

October 3 – October 7, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The stalwart GovCon technology maker L-3 Communications extended its profile as an active player in the merger-and-acquisition scene this week and closed its first buys since a large business divestiture …

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HII Promotes Brad Mason to AMSEC Subsidiary President, Newport News Shipbuilding VP Roles

Huntington Ingalls Industries (NYSE: HII) has promoted Brad Mason — director of maintenance, modernization and technical service operations at HII’s AMSEC subsidiary — to the roles of AMSEC president and a vice president position in HII’s Newport News Shipbuilding segment. He will report directly to Newport News President Matt Mulherin and oversee AMSEC’s daily operations, HII said Wednesday. …

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