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Tag Archives: Vertex Aerospace

Vertex Aerospace to Support DEA Aviation Operations Under Potential $175M Contract

Vertex Aerospace secured a potential five-year, $175.5M contract to help manage and maintain the Drug Enforcement Administration’s worldwide aircraft fleet. DEA announced the Total Aviation Support Services contract award in a FedBizOpps notice posted Monday. The presolicitation notice stated that the selected contractor would support program management, aircraft, flight simulators …

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Navy Picks 19 Firms for $12.6B CMMARS Aircraft Maintenance, Logistics Contract Vehicle

The U.S. Navy has awarded 19 companies spots on a potential seven-year, $12.6B contract vehicle for aircraft maintenance and logistics support services. The Contracted Maintenance, Modification, Aircrew and Related Services program covers logistical support for Navy and Air Force rotary-wing and fixed-wing aircraft, unmanned aerial vehicles, subsystems and related weapon …

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Vertex Aerospace Wins $97M Contract to Help Manage Air Force T-1A Trainer Fleet

Vertex Aerospace has won a one-year, $97.5M contract from the U.S. Air Force to manage and sustain the base supply of T-1A Jayhawk trainers for the Air Education and Training Command. The company will support 178 T-1As stationed at air bases in Texas, Oklahoma and Mississippi as well as at Pensacola Naval …

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Eight Firms Win Spots on $25.5B Logistics Support Contract

The U.S. Army has awarded eight companies positions on a potential 10-year, $25.5B contract to support the military service’s logistics operations worldwide. Army Contracting Command received 10 bids for the shared contract via the internet, the Defense Department said Tuesday. Work is scheduled to occur through Oct. 11, 2028. The …

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Executive Mosaic’s Weekly GovCon Round-Up: L3 Technologies’ M&A Activity & Top 10 Stories

Weekly Roundup July 16 – July 20, 2018 Click here to see Real-Time GovCon Sector Quotes Executive Mosaic’s Weekly GovCon Round-Up: L3 Technologies’ M&A Activity & Top 10 Stories Jim Garrettson, Executive Mosaic CEO       L3 Technologies Enjoys Strong M&A Activity in July This week, I’d like to highlight L3 Technologies which has engaged in …

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Christopher Kubasik: L3 to Continue Investment Strategy After Vertex Aerospace Business Sale

New York-based investment firm American Industrial Partners has closed its purchase of Vertex Aerospace businesses from L3 Technologies (NYSE: LLL) for approximately $540 million in cash. The transaction initially announced in May is subject to customary adjustments and covers the acquisition of L3’s TCS and Crestview Aerospace business units that operate under the technology contractor’s aerospace …

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Executive Mosaic’s Weekly GovCon Round-Up: Wash100 GCW Reader’s Choice Awardees, Recent M&A Activity and Top 10 Stories

The Week’s Top GovCon News Stories View this email in your browser Weekly Roundup April 30 – May 4, 2018 Click here to see Real-Time GovCon Sector Quotes Executive Mosaic’s Weekly GovCon Round-Up: Wash100 GCW Reader’s Choice Awardees, Recent M&A Activity and Top 10 Stories Jim Garrettson, Executive Mosaic CEO Wash100: GCW …

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American Industrial Partners to Buy L3’s Vertex Aerospace Business Through $540M Cash Deal

New York-based private equity firm American Industrial Partners has agreed to buy Vertex Aerospace business from L3 Technologies (NYSE: LLL) for approximately $540 million in cash. The transaction includes the acquisition of L3’s TCS and Crestview Aerospace business units that operate under the technology contractor’s aerospace systems segment and both companies …

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Michael Strianese: L3 Evaluates ‘Strategic Options’ for Vertex Aerospace Business

Michael Strianese, chairman and CEO at L3 Technologies (NYSE: LLL), has said the company has begun to assess strategic alternatives for Vertex Aerospace business after the New York-based aerospace and defense contractor posted a goodwill impairment charge for Vertex during the third quarter of 2017. Strianese said in a statement …

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L3 Subsidiary Gets $173M Navy T-45 Aircraft Support Contract Option

An L3 Technologies (NYSE: LLL) subsidiary has secured a potential $173 million contract modification to help the U.S. Navy maintain 201 T-45 Goshawk trainer aircraft units, systems and related support equipment. Vertex Aerospace will provide intermediate, organizational and depot-level engineering, logistics and maintenance services for the service branch’s T-45 fleet, the Defense Department …

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