Home / Tag Archives: noc

Tag Archives: noc

Pamela Drew Joins Serco’s US Board; Dave Dacquino Comments

Pamela Drew, formerly executive vice president and president of information systems business at Harris’ (NYSE: HRS) Exelis subsidiary, has joined the board of directors of Serco’s North American arm. Serco Inc. Chairman and CEO Dave Dacquino said in a statement released Thursday Drew’s track record in new business pursuit and capture will …

Read More »

Air Force Begins GPS III Phase 2 Production Contract Solicitation

The U.S. Air Force has issued a request for proposals for the second phase of a program that seeks to procure 22 GPS III satellites. A FedBizOpps notice posted Tuesday says the service will award a fixed-price-incentive contract to build the GPS III space vehicles and expects production work to …

Read More »

European Commission OKs Northrop’s Orbital ATK Purchase

The European Commission has approved a deal for Northrop Grumman (NYSE: NOC) to acquire Orbital ATK (NYSE: OA) for approximately $9.2 billion. Northrop said Monday it continues to support the Federal Trade Commission in its effort to evaluate the transaction. The European Commission’s decision came nearly a month after Kathy Warden, …

Read More »

Report: Defense Companies Plan Capital Expenditures Amid Rise in DoD Contracts

Some contractors have expressed plans to increase their investments in production capacity and facilities in fiscal year 2018 and in the next few years as the Defense Department starts to ramp up contract obligations, USNI News reported Wednesday. Jason Aiken, chief financial officer at General Dynamics (NYSE: GD), told analysts …

Read More »

Kathy Warden: Northrop to Form Innovation Systems Unit After Orbital ATK Purchase

Kathy Warden, president and chief operating officer at Northrop Grumman (NYSE: NOC), has said the company will establish a new business sector once the Falls Church, Virginia-based defense contractor completes the $9.2 billion purchase of Orbital ATK (NYSE: OA), Inside Defense reported Thursday. Warden told analysts Thursday that Blake Larson, COO …

Read More »

PwC: Global Aerospace, Defense M&A Hit $72B in 2017

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector reached $72 billion in 2017, exceeding the previous record of $67 billion set in 2015. PwC reported that A&D companies worldwide recorded 454 M&A transactions last year with an average deal size of $411 million. Significant …

Read More »

Former DXC Exec Brian Fitzpatrick Joins LMI as Business Devt SVP

Brian Fitzpatrick, formerly an industry executive at DXC Technology (NYSE: DXC), has been named senior vice president of business development at LMI. David Zolet, LMI president and CEO, said in a statement published Wednesday Fitzpatrick will help the Tysons, Virginia-based nonprofit government consulting services contractor expand its market presence and seek …

Read More »

Alleace Gibbs, Yolanda Murphy to Assume New Communications VP Roles at Northrop

Alleace Gibbs, vice president of communications at Northrop Grumman’s (NYSE: NOC) technology services sector, has been named VP of communications at the defense contractor’s mission systems sector in a move that takes effect Jan. 1. Gibbs will report to Lisa Davis, corporate VP of communications, and oversee the development and execution …

Read More »

Northrop Gets $445M Air Force Contract for Large Aircraft IR Countermeasure Support

Northrop Grumman (NYSE: NOC) has received a potential five-year, $444.6 million contract from the U.S. Air Force for support work on AAQ-24 large aircraft infrared countermeasure systems. The Defense Department said Wednesday the contract covers repair of 34 national stock numbers and includes $17.2 million in foreign military sales to Canada and Bahrain. Northrop …

Read More »

FTC Seeks Additional Data on Northrop-Orbital ATK Deal

The Federal Trade Commission has issued Northrop Grumman (NYSE: NOC) a second request for additional data associated with its proposed $9.2 billion acquisition of Orbital ATK (NYSE: OA). Northrop said Wednesday it received the request as FTC reviews the transaction as part of the regulatory process. The request for additional information came a …

Read More »