Archive: Business/Financial

US cybercommand

Six Companies Win CYBERCOM Support Services Contract Worth Up To $460 Million

The General Services Administration (GSA) released a notification of award for a multiple award, indefinite-delivery, indefinite quantity (MA-IDIQ) to provide missions support services to U.S. Cyber Command (USCYBERCOM) worth up to $460 million on Friday. The awardees are the KEYW [KEYW]; Vencore, Inc.; Booz Allen Hamilton, Inc. [BAH].; Science Applications International Corporation [SAIC]; CACI, Inc. […]

The first F-35A for the Italian Air Force, and the first F-35 built at the Cameri FACO, takes to the skies over Italy, Sept. 7. Photo: Lockheed Martin

TransDigm To Acquire Data Device Corp. For $1 Billion

TransDigm Group Inc. [TDG] on Tuesday said it has agreed to acquire Data Device Corporation (DDC) from its private equity owner Behrman Capital for $1 billion in cash, adding engineered products with substantial aftermarket content to its portfolio. The acquisition is expected to close during the third quarter. DDC is expected to have more than […]

sandialogo

Battelle and Boeing Announce Team Bid for Sandia M&O Contract

Contractors Battelle and Boeing [BA] have signed an agreement to bid as a team for the Sandia National Laboratories’ management and operation contract, Battelle said Tuesday. Team members include the University of New Mexico (UNM), the Texas A&M University System, and the University of Texas System. The Sandia National Laboratories produce nonnuclear weapon components and […]

Stuart Bradie, president and CEO of Houston-based KBR, Inc. Photo: KBR

KBR To Acquire Wyle To Expand Government Services Business

Oil and gas technology and services provider KBR, Inc. [KBR] on Monday said it has agreed to acquire government services provider Wyle, Inc. for $570 million in cash, in a deal that would more than double its government services business and help it diversify away from the cyclical hydrocarbon market. KBR said the acquisition is […]

Sen. Tom Carper (D-Del.), ranking member, Senate Homeland Security and Governmental Affairs Committee

Carper Wants Answers On Cyber Safeguards For Global Financial Transactions

Delaware Senator Tom Carper (D) on Thursday sent letters to the head of the New York Federal Reserve Bank and the United States head of services for a global financial messaging services cooperative about the actions they are taking to protect banks around the world from cyber security threats in the wake a reports in […]

iStock Cyber Lock

KEYW Agrees To Sell Last Of Commercial Cyber Security Product Business

KEYW Corp. [KEYW] on Wednesday said it has agreed to sell the remaining product line of its commercial cyber security business, Hexis Cyber Solutions, to an undisclosed private equity firm. Terms of the deal were not disclosed. KEYW said its Hexis HawkEye G product line business is being acquired by a private equity backed, established […]

Northrop Grumman Chairman, President and CEO Wes Bush. Photo: Northrop Grumman

Northrop Grumman Hikes Dividend

Northrop Grumman [NOC] on Tuesday said it would increase its quarterly dividend to 90 cents per share, a nearly 13 percent hike over the current 80 cents per share payment and the 13th straight year the company has boosted its dividend. “Today’s dividend increase demonstrates our commitment to maintaining a competitive dividend as a core […]

Saab Sea Wasp underwater remotely operated vehicle (ROV). Artist's concept: Saab.

Saab Presents Anti-IED Underwater Robot

Saab AB on Tuesday unveiled Sea Wasp, a remotely operated vehicle (ROV) aimed at identifying, relocating, and neutralizing underwater improvised explosive devices (IEDs). Presented at the Navy League’s Sea-Air-Space Exposition in National Harbor, Md., the company said the product is designed to combat underwater terrorism. Saab produced the Sea Wasp by combining technology from its […]

US_Capitol_Building_at_night_Jan_2006

Senate Defense Bill Tackles Cost-Type Contracting, Bid Protests

The Senate Armed Services Committee’s (SASC) fiscal year 2017 defense authorization bill takes aim at the Pentagon’s status quo regarding contracting, which committee aides said on Monday has led to a risk-adverse culture that negatively incentivizes the government and defense companies. Both the House and Senate armed services committees’ acquisition reform proposals center around the […]

bell helicopter textron logo

Bell Helicopter Opens New Prague Facility

Bell Helicopter Textron [TXT] opened a new paint facility and delivery center at its Prague, Czech Republic location, the company said today. With the new facility, the company’s Prague location provides full maintenance, repair, and overhaul capabilities. It is Bell Helicopter’s official regional customization, delivery, and aftermarket service center in Europe. “Bell Helicopter’s continued investment […]