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Tag Archives: U.S. Navy

EM’s Weekly Roundup: AECOM Sells Management Services Business to American Securities for $2.4B, Leidos Wins Two Huge Contracts, POC Announces Panelist for Unmanned Systems in the Future Fight, Executive Moves & Weekly Top 10 Stories

AECOM has entered into a definitive agreement to sell its management services business to affiliates of American Securities and Lindsay Goldberg for $2.4 billion, the company announced on Monday. The transaction has been unanimously approved by the company’s board of directors and is subject to customary closing conditions and regulatory …

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EM’s Weekly Roundup: QinetiQ to Acquire MTEQ; Fluor, Lockheed Martin, CACI Win Huge Contracts; POC Hosting FY20 Budget and Procurement Forum on Oct. 16th & Weekly Top 10 Stories

QinetiQ announced on Wednesday that the company has entered into an agreement to acquire Manufacturing Techniques (MTEQ) on a cash-free, debt-free basis for $105 million to be paid in cash on completion. The transaction will more than double the size of QinetiQ’s U.S. operations.  “The acquisition of MTEQ is a …

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EM’s Weekly Roundup: Anne Neuberger’s Priorities for NSA, Chris Townsend Joins UiPath, $820M DoD BPA, CACI, GE Aviation Secure Big Contracts and Weekly Top 10 Stories

Anne Neuberger, who directs the National Security Agency’s (NSA) new Cybersecurity Directorate, revealed that the NSA will launch a directorate in October to focus on ransomware attacks that could make our upcoming elections vulnerable during Billington CyberSecurity’s 10th Annual Summit last week. Neuberger also discussed NSA’s efforts to protect the nation from …

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Weekly Roundup: Capital One Acquires KippsDeSanto; Lockheed Martin, CGI Federal and Amyx Secure Big Contracts; Bell Obtains FAA Certification and Weekly Top 10 Stories

This week, Capital One signed an agreement to acquire KippsDeSanto & Co., a leading investment banking firm focused on serving growth-oriented aerospace/defense, government services and technology companies.  “Joining Capital One was a natural next step in the growth plan for us at KippsDeSanto,” said Kevin DeSanto, co-founder and managing director …

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Weekly Roundup: Mark Esper Confirmed as Secretary of Defense, Altamira Acquired By ClearSky-Led Investor Consortium, Major Contract Awards, POC Hosting 6th Annual Intel Summit on July 31st & Weekly Top 10 Stories

The Senate confirmed Mark Esper on Thursday to be the next U.S. Defense Secretary to end the Pentagon’s longest period without a Senate approved leader in office. The 2019 Wash100 Award winner was confirmed by a 90 to 8 vote in the Senate to officially succeed Jim Mattis in the …

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Weekly Roundup: House Approves $733B Defense Bill, ICF, CACI, Palantir, ECS Receive Big Contracts, POC Hosts 2019 Secure Supply Chain Forum & Weekly Top 10 Stories

On Monday, the House passed a $733 billion defense policy bill, by a 220 to 197 vote, for fiscal year 2020. The lower chamber’s 2020 National Defense Authorization Act is $17 billion less than the president’s budget request. Lawmakers are expected to meet in the coming months to reconcile the …

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Weekly Roundup: VADM Michael Gilday Nominated for Navy CNO Role, POC Hosting 2019 Secure Supply Chain Forum on July 18th, Contract Awards & Weekly Top 10 Stories

On Wednesday, it was reported that Vice Adm. Michael Gilday, director of the Joint Staff, was the frontrunner to assume the role due to his experience in cyber warfare. That report was confirmed on Thursday with President Trump approving Gilday’s nomination during a meeting with Navy officials at the White …

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Navy Awards Raytheon $235M Aircraft Landing System Production Contract

Raytheon (NYSE: RTN) has received a four-year, $234.6M contract to begin the low-rate initial production of GPS-equipped systems designed to guide military aircraft onto carriers or amphibious assault ships. The company will manufacture 23 Joint Precision Approach and Landing Systems along with three upgrade kits, associated data and engineering change …

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Raytheon Awarded $151M IDIQ to Sustain AIM-9X Sidewinder Missiles for US, Int’l Clients

Raytheon (NYSE: RTN) has secured a potential three-year, $151.4M contract to sustain AIM-9X Sidewinder missiles for the U.S. Navy and U.S. Air Force as well as 20 international countries. The company will perform repairs and integrated logistics support for the Block II and II+ versions of the multimission missile system …

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Alfab Wins $128M Navy Airfield Matting Contract

Alfab has won a potential five-year, $127.8M U.S. Navy contract to provide airfield matting services to Naval Air Systems Command. The company will deliver land, heavy duty and spacer mat packages under the firm-fixed-price, indefinite-delivery/indefinite-quantity contract, the Department of Defense said Tuesday. The service branch received two offers for the …

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