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Latest Federal & Government Contracting Companies' News Coverage
Raytheon has partnered with NASA’s Neutral Buoyancy Laboratory to develop equipment and procedures for safely recovering astronauts from the Lockheed Martin-built Orion capsule upon its reentry to Earth through an ocean landing.
The all-stock merger between L3 Technologies and Harris Corp. has been completed to form L3Harris Technologies (LHX), the new company announced on Monday. L3Harris is officially the sixth largest defense company in the United States worth approximately $17 billion in revenue with over 50,000 employees. The company also announced the details regarding its own leadership, the board of directors and organizational structure.Â
Anthony “Toby†O’Brien, chief financial officer at Raytheon, said the company’s proposed merger with United Technologies Corp. seeks to create a new entity that has its business evenly split between defense and commercial work and between domestic and international areas, Defense One reported Thursday.
Thomas Kennedy, chairman and CEO of Raytheon, told Defense News in an interview published Wednesday that he and Greg Hayes, chairman and CEO of United Technologies Corp., met with President Donald Trump on June 10 to explain that the proposed Raytheon-UTC combination is complementary and not competitive.
The board of directors at AECOM has approved the company's plan to separate its management services group as a new publicly traded company that will primarily support national government clients. AECOM said Monday it expects to complete the spinoff in the second half of its 2020 fiscal year and retain John Vollmer, the segment's president and a 2019 Wash100 winner, along with the current management team in the leadership of the future independent company.
Science Applications International Corp. (SAIC) announced on Tuesday that SAIC has formed a new strategic partnership with Franklin Venture Partners to broaden its access and exposure to emerging technologies being developed by startup companies across the U.S. More
Serco Inc. has entered into a definitive Asset Purchase Agreement to acquire Alion Science & Technology Corporation's Naval Systems Business Unit for $225 million to strengthen its presence in naval support, modernization and sustainment, Serco announced on Thursday. More
LexisNexis Risk Solutions announced on Tuesday that the company is acquiring all Lumen’s assets, an integrated data platform owned by the Numerica Corporation. "Over the last seven years, we have successfully developed and commercialized the Lumen product line," said Jeff Poore, Numerica Corporation president.
Terry Hagen, president of the aerospace and technology business at Jacobs Engineering Group, has cited intelligence, surveillance and reconnaissance technology offerings as the key driver of interest for Jacobs' plan to acquire KeyW for approximately $815M cash, the Dallas Business Journal reported Monday.
