Tag Archives: Vertex Aerospace

Acorn Growth Companies has appointed 38-year aerospace and defense industry veteran Rick Schmidt as president of the investment firm's new portfolio business, Black Sage Technologies.

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …