CATEGORY ARCHIVES: NEWS

DynCorp Names George Krivo CEO as Lou Von Thaer Moves to Battelle

TYSONS CORNER, VA, July 21, 2017 — DynCorp International has promoted Chief Operating Officer George Krivo to the CEO role as incumbent Lou Von Thaer prepares to assume leadership positions at Battelle in October, GovCon Wire reported Monday. Krivo, a U.S. Army veteran with experience in business development and policy matters and previous work at Science Applications International Corp. (NYSE:...

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CAE Records Approx $138M in Q1 FY 2018 Defense Contracts; Gene Colabatistto Comments

TYSONS CORNER, VA, July 20, 2017 — CAE (NYSE: CAE) received contracts worth an estimated $138.5 million combined in the first quarter of its 2018 fiscal year for aircraft simulation products, training services and in-service support, GovCon Wire reported Tuesday. "These orders augment the long-term, recurring revenue profile of our defense business," Gene Colabatistto, president of CAE’s defense...

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DynCorp's Lou Von Thaer to Join Battelle in October as President & CEO

TYSONS CORNER, VA, July 19, 2017 — Lou Von Thaer, CEO of DynCorp International, will depart from the company to take the president and CEO roles at nonprofit research and development organization Battelle in October, GovCon Wire reported Monday. Battelle said Friday Von Thaer will join the company on Oct. 1 and succeed Jeff Wadsworth, who will assist in the transition through the end of 2017...

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Lockheed Martin Secures $130M Army Contract Modification for PAC-3 Missile Segment Enhancement Units

TYSONS CORNER, VA, July 18, 2017 — Lockheed Martin (NYSE: LMT) will produce 35 additional Patriot Advanced Capability-3 Missile Segment Enhancement units for the U.S. Army and several international customers under a $130.3 million contract modification, GovCon Wire reported Monday. The Defense Department said Friday the award also includes foreign military sales of PAC-3 MSEs, 130 launcher...

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DigitalGlobe, MDA Eye Shareholder & Regulatory Approval for Merger

TYSONS CORNER, VA, July 17, 2017 — DigitalGlobe (NYSE: DGI) will hold a shareholder meeting on July 27 to vote on the company's pending $3.6 billion acquisition by Canada-based MacDonald, Dettwiler and Associates, GovCon Wire reported Friday. MDA said Wednesday the companies anticipate closing the transaction either within the current calendar quarter or shortly after, depending on the approval...

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Cubic Names Former AECOM Exec Anshooman Aga as Next CFO

TYSONS CORNER, VA, July 14, 2017 — Cubic (NYSE: CUB) has hired Anshooman Aga, formerly a senior vice president at AECOM (NYSE: ACM), as executive VP at the company effective July 17, GovCon Wire reported Wednesday. Aga, who also served as chief financial officer of AECOM's design and consulting services business for the Americas, will eventually take a second role as CFO at Cubic upon the...

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EY to Audit Navy Financial Statements Under $149M Contract

TYSONS CORNER, VA, July 13, 2017 — EY, part of Ernst & Young Global, will help audit the U.S. Navy's financial statements under a potential $149.4 million contract from the Defense Finance and Accounting Service, GovCon Wire reported Wednesday. The Defense Department said Tuesday the labor-hour contract consists of a five-month base period of performance and four option years and will...

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Northrop, Partners to Provide Satellite Ground Station, Wideband Network Mgmt System to Australian Military

TYSONS CORNER, VA, July 12, 2017 — Northrop Grumman (NYSE: NOC) will work with ViaSat (Nasdaq: VSAT) and Optus to develop a satellite ground station and wideband satellite communications network management system for the Australian military under a potential $170 million contract, GovCon Wire reported Tuesday. The contract from Australia's capability acquisition and sustainment group is part of...

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Boeing Secures $93M Contract for E-3 Sentry Support to Air Force, Int'l Customers

TYSONS CORNER, VA, July 11, 2017 — Boeing (NYSE: BA) has received a potential $92.9 million contract from the U.S. Air Force for sustainment engineering and technical support for the E-3 Sentry airborne warning and control system aircraft, GovCon Wire reported Monday. The Defense Department said Friday the contract covers support for the Air Force's E-3 AWACS division and foreign military sales...

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Lockheed to Perform Tech Maturation, Risk Reduction on Army Prototype Missiles Under $74M Contract

TYSONS CORNER, VA, July 10, 2017 — Lockheed Martin (NYSE: LMT) will design and fly prototype missiles for the second phase of the U.S. Army's Long Range Precision Fires program under a potential $73.8 million contract, GovCon Wire reported Friday. The company said Thursday phase two includes technology maturation and risk reduction work on prototype LRPF missiles over a 36-month period ahead of...

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CSRA Buys NES in Push for Gov't Digital Transformation, IT Modernization Work

TYSONS CORNER, VA, July 7, 2017 — CSRA (NYSE: CSRA) has completed its purchase of NES Associates in support of plans to accelerate the digital transformation efforts of government customers, GovCon Wire reported Thursday. CSRA President and CEO Larry Prior, an inductee into Executive Mosaic’s Wash100 for 2017, said in a company statement released Wednesday that the acquisition is also part of...

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Lockheed Lands $74M in Contract Modifications for F-35 Lots 11 & 12 Production Work

TYSONS CORNER, VA, July 6, 2017 — Lockheed Martin (NYSE: LMT) has received U.S. Navy contract modifications potentially worth $73.9 million combined to support the low-rate initial production of Lots 11 and 12 F-35 fighter aircraft, GovCon Wire reported Wednesday. The Defense Department said Monday Lockheed will supply long-lead parts and components for five Lot 12 F-35B jets under a $43.9...

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