GovConWire's Government Contracting News 4/30/2021

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Executive Moves

Stu Shea Overviews Business Units, Leaders for Upcoming Peraton-Perspecta Combination

Stu Shea — chairman, president and CEO at Peraton and a 2021 Wash100 winner — has offered a glimpse into the nine business sectors that will arise out of the Peraton-Perspecta (NYSE: PRSP) merger slated to close in a few weeks. Shea said Thursday in a regulatory filing the businesses set to be formed by

News

Raytheon Intelligence & Space President Roy Azevedo Receives Second Consecutive Wash100 Award From Executive Mosaic CEO Jim Garrettson

Roy Azevedo, president of Raytheon Intelligence & Space (RI&S) for Raytheon Technologies, was presented his 2021 Wash100 Award during Executive Mosaic’s 4×24 dinner on Thursday by Jim Garrettson, CEO of Executive Mosaic and founder of the Wash100 Award. This marks the second consecutive year that Azevedo has received the most prestigious award in all of

Executive Moves

Former Boeing Exec Chris Johnson Named Maxar’s Space Programs Delivery SVP

Chris Johnson, former president of Boeing‘s (NYSE: BA) satellite systems business, has been appointed as senior vice president of space programs delivery at Maxar Technologies (NYSE: MAXR), effective May 24. The new SVP will be responsible for leading and overseeing 1,900 employees who design, develop, integrate, test and deliver space platforms and space-based robotics systems

News

Final Day of 2021 Wash100 Voting: Dr. Stacey Dixon Leaps to First Place, Defense Secretary Lloyd Austin Holds Second Spot; Cast Your Votes Before Midnight TODAY!

TODAY is the last chance you have to vote in the 2021 Wash100 Vote Standings to stand behind TEN of your favorite executives who drive success for our industry and community into the future. It’s now or never to submit your votes before this year’s Wash100 voting season will officially come to an end TONIGHT

Executive Moves

Redhorse President John Zangardi Named to Forcepoint Board

John Zangardi, president of technology services contractor Redhorse, has joined the board of directors of cybersecurity company Forcepoint. He brings to the board more than three decades of experience as an information technology leader in the government and private sector, Forcepoint said Thursday. “I’m thrilled to join the Forcepoint Board. Understanding risk, securing the environment,

Executive Moves

Xator Names Corporate Controller Holly Freedlander as Next Finance Chief

Holly Freedlander, corporate controller of Xator since September 2019, has been promoted to serve as chief financial officer at the Reston, Virginia-based security and intelligence services provider starting May 1. She will succeed the retiring Matt Galaski, who has led the company’s overall financial operations since 2014 and led the financing process for eight acquisition

Executive Moves

CAE’s US Board Adds Sonya Branco, Mac Thornberry & Brian Morra

CAE Chief Financial Officer Sonya Branco, four-decade industry veteran Brian Morra and former House Armed Services Committee Chairman Mac Thornberry have joined the board of directors at CAE USA. Montreal-based CAE said Thursday its U.S. subsidiary board includes outside directors who provide oversight for the defense contractor’s government security and export compliance. Branco has served

Financial Report

General Dynamics Revenue Up 7.3% in Q1; Phebe Novakovic Quoted

General Dynamics (NYSE: GD) posted a 7.3 percent jump in revenue year-over-year for the first quarter of its 2021 fiscal year to $9.4 billion and experienced growth in all of its four business segments. The Reston, Virginia-based defense company reported $2.48 earnings per share for the quarter, $3 million net cash from operating activities and

Contract Awards

State Department OKs $1.68B Heavy Armored Combat System Sale to Australia

The State Department has cleared Australia’s request to buy heavy armored combat systems, related equipment and services through a potential $1.685 billion foreign military sales agreement. The proposed FMS deal includes M1A2 SEPv3 Abrams main battle tanks, M1150 Assault Breacher Vehicles, M1074 Joint Assault Bridges and M88A2 Hercules combat recovery vehicles, the Defense Security Cooperation

M&A Activity

Ametek Closes $1.35B Abaco Systems Buy; David Zapico Quoted

Ametek (NYSE: AME) has closed its $1.35 billion cash acquisition of Huntsville, Alabama-based embedded computing systems provider Abaco Systems from private equity firm Veritas Capital. Abaco, which generates approximately $325 million in annual sales, will operate under its new parent organization’s business group that offers analytical, display, calibration and testing platforms, Ametek said Thursday. The

GovConWire's Government Contracting News 4/30/2021

Stu Shea Overviews Business Units, Leaders for Upcoming Peraton-Perspecta Combination

Raytheon Intelligence & Space President Roy Azevedo Receives Second Consecutive Wash100 Award From Executive Mosaic CEO Jim Garrettson

Former Boeing Exec Chris Johnson Named Maxar’s Space Programs Delivery SVP

Final Day of 2021 Wash100 Voting: Dr. Stacey Dixon Leaps to First Place, Defense Secretary Lloyd Austin Holds Second Spot; Cast Your Votes Before Midnight TODAY!

Redhorse President John Zangardi Named to Forcepoint Board

Xator Names Corporate Controller Holly Freedlander as Next Finance Chief

CAE’s US Board Adds Sonya Branco, Mac Thornberry & Brian Morra

General Dynamics Revenue Up 7.3% in Q1; Phebe Novakovic Quoted

State Department OKs $1.68B Heavy Armored Combat System Sale to Australia

Ametek Closes $1.35B Abaco Systems Buy; David Zapico Quoted

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