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GovConWire's Government Contracting News 1/4/2022

L3Harris Reorganizes Businesses Into 3 Segments; Christopher Kubasik Quoted
M&A Activity

L3Harris Reorganizes Businesses Into 3 Segments; Christopher Kubasik Quoted

L3Harris Technologies (NYSE: LHX) is streamlining its core businesses into three segments focused on communication systems, integrated mission systems and space and airborne systems. “Our business segments will continue to lead market innovation in their focus areas, fueling advanced solutions for the toughest operational challenges,” Christopher Kubasik, vice chair and CEO of L3Harris and a
John Zangardi Named Redhorse CEO in Series of Blue Delta Capital-Backed Leadership Changes
Executive Moves

John Zangardi Named Redhorse CEO in Series of Blue Delta Capital-Backed Leadership Changes

John Zangardi, formerly president of Redhorse, has transitioned to the role of CEO as part of the company’s growth-focused organizational changes supported by a minority investment from Blue Delta Capital Partners. ARedhorse said Monday the private equity firm’s recent investment also backs the appointment of a chief financial officer and the establishment of a board
John Heneghan Takes ECS Helm as New President
Executive Moves

John Heneghan Takes ECS Helm as New President

John Heneghan, former chief operating officer of ECS, has assumed the position of president at the Fairfax, Virginia-based government information technology contractor. ECS’ parent company ASGN Inc. (NYSE: ASGN) first announced Heneghan’s promotion in late October as part of a planned succession for George Wilson, who formally retired at the close of 2021. ASGN said
Peraton Wins $343M TSA IT Support Task Order
Contract Awards

Peraton Wins $343M TSA IT Support Task Order

Peraton, a portfolio company of private-equity firm Veritas Capital, has secured a potential $343 million task order to provide a range of information technology services to the Transportation Security Administration, G2Xchange FedCiv reported Monday. TSA formally awarded the IT Management, Performance Analysis and Collaborative Technologies II task order to Perspecta, which Veritas acquired in May
ICF Finalizes Creative Systems & Consulting Buy; John Wasson Comments
M&A Activity

ICF Finalizes Creative Systems & Consulting Buy; John Wasson Comments

ICF (Nasdaq: ICFI) has closed its purchase of Creative Systems and Consulting, a cloud advisory and technology services provider to the federal sector. John Wasson, chairman, president and CEO of ICF, told ExecutiveBiz in a recent interview he expects the acquisition to expand the company’s government information technology service offerings. “The federal government is working
EOTech Buys Intevac’s Photonics Business for $100M
M&A Activity

EOTech Buys Intevac’s Photonics Business for $100M

Plymouth, Michigan-based optical technology supplier EOTech has bought Intevac‘s (Nasdaq: IVAC) photonics unit for approximately $100 million in upfront cash and future earnout payments. Intevac said Monday it also negotiated a six-month transaction service agreement with EOTech and intends to focus on the thin-film equipment market following the sale transaction. The photonics business offers cameras,
Comtech President Michael Porcelain Adds CEO Title
Executive Moves

Comtech President Michael Porcelain Adds CEO Title

Michael Porcelain, a nearly 20-year veteran of Comtech Telecommunications (Nasdaq: CMTL), has started his dual role as the company’s president and CEO. He succeeded former Comtech CEO Fred Kornberg, who will serve as a technology adviser to the management team and remain as a director and a non-executive board chairman, the communications equipment provider said
Leonardo Acquires Minority Stake in Sensor Tech Maker Hensoldt
M&A Activity

Leonardo Acquires Minority Stake in Sensor Tech Maker Hensoldt

Italy-based aerospace and defense contractor Leonardo has acquired a 25.1 percent stake in German sensor manufacturer Hensoldt for approximately $685 million in cash. Leonardo said Monday it expects the transaction to help expand its presence in the European defense electronics market, particularly in the German defense sector, and strengthen the partnership between the two companies
Kevin Welsh to Discuss FAA’s Climate Agenda in Fireside Chat
Events

Kevin Welsh to Discuss FAA’s Climate Agenda in Fireside Chat

Executive Mosaic’s flagship GovCon Wire will feature Kevin Welsh, executive director of the Federal Aviation Administration’s Office of Environment and Energy, in an upcoming virtual fireside conversation to overview the agency’s mission to address climate change within the aviation sector. The FAA unveiled in November its plan to implement policy measures to prepare sector infrastructure
Reid Middleton Lands $100M Navy Contract for Architecture-Engineering Services
Contract Awards

Reid Middleton Lands $100M Navy Contract for Architecture-Engineering Services

Reid Middleton has won a five-year, $100 million contract to perform architecture and engineering work for projects located within Naval Facilities Engineering Systems Command‘s Northwest area of operations. NAVFAC received six proposals for the indefinite-delivery/indefinite-quantity contract via a competitive acquisition process, the Department of Defense said Monday. Seventy-five percent of work under the contract will
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