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Latest Federal & Government Contracting Companies' News Coverage
Raytheon Company Missile Systems has secured a five-year, $1B strategic agreement to purchase propulsion systems from Aerojet Rocketdyne for standard missile products, the company announced on Thursday.Â
Two biologists from the Johns Hopkins Applied Physics Laboratory are conducting on-site sequencing of the genome of the SARS-CoV-2Â virus that causes COVID-19 using hand-held sequencing systems.
Jerry DeMuro, CEO of BAE Systems’ U.S. subsidiary and a three-time Wash100 award winner, and Tom Arseneault, company president and chief operating officer and a 2020 Wash100 awardee, told C4ISRNET in an interview published Monday about the opportunities they see in the company’s proposed acquisition of two businesses from Raytheon and United Technologies Corp.
Roger Krone, chairman and CEO of Leidos and a 2020 Wash100Â awardee, has said efforts to drive business growth will continue amid some external challenges such as the coronavirus pandemic, Inside Defense reported Wednesday.
Growth Catalyst Partners, a leading middle-market private equity firm, has partnered with former CEO of Hanley Wood and B2B information and data specialist Peter Goldstone, to acquire a controlling stake in Atlantic Media’s Government Executive Media Group, the company announced on Wednesday.Â
Roger Krone, chairman and CEO of Leidos and a 2020 Wash100 award winner, said the company is combining Dynetics with its Leidos Innovation Center and has not lost any of the top 50 Dynetics employees since the Reston, Va.-based technology services contractor closed the acquisition in late January, Inside Defense reported Tuesday.
Executive Mosaic is honored to announce Kevin Robbins, co-founder of consulting firm Wolf Den Associates and investment firm Blue Delta Capital Partners, as the newest inductee into the 2020 edition of the Wash100 for his active involvement in some of the major transactions in the government contracting space.
Mike Petters, CEO of Huntington Ingalls Industries and a previous Wash100 award winner, said the company plans to tap into the U.S. Navy’s increasing demand for unmanned underwater vehicles, USNI News reported Thursday.
Kevin Kelly, president of the national security and innovative solutions sector at CACI International, said warfighters are inundated with one-off systems that demand network, storage and battery and the company seeks to address that with multimission platforms, Inside Defense reported Tuesday.
Andy Green, president of Huntington Ingalls Industries’ technical solutions division and a 2020 Wash100 award winner, said the move to acquire Kongsberg Maritime’s Hydroid subsidiary complements HII’s previous activities in the unmanned underwater vehicles market, the Daily Press reported Tuesday.
John Vollmer, CEO of Amentum and five-time Wash100 inductee, has said the company is looking to update its technology platforms and combine these with multiple services that are intended to help government and commercial customers address missions, the Washington Business Journal reported Thursday.
Science Applications International Corp. has agreed to buy Unisys’ federal business unit for $1.2B in cash, SAIC announced on Thursday. The transaction multiple of approximately 13x LTM 9/30/19 Adjusted EBITDA(5) will add greater value to SAIC and will provide a significant premium to Unisys’ trading multiple.
