Archive: Business/Financial

CSRA President and CEO Larry Prior. Photo: CSRA

CSRA Acquiring Praxis Engineering To Expand Work For Intelligence Community

CSRA Inc. [CSRA] on Tuesday said it has agreed to acquire Praxis Engineering Technologies Inc. for $235 million in cash in a deal that would expand its work for the intelligence community. Maryland-based Praxis provides consulting and solutions in the areas of software and system engineering. The company has more than 350 “highly-cleared” employees, most […]

Sigma Bravo Image

KBR To Acquire Australian Defense Company

KBR, Inc. [KBR] on Monday said it has agreed to acquire Sigma Bravo Pty Ltd, an Australia-based company that provides information and communication technology services to the Australian Defence Force (ADF). Terms of the deal were not disclosed. Houston-based KBR said the pending acquisition marks its entry into classified work in Australia as well as […]

Mac Curtis, president and CEO, will become president and CEO of a new publicly-traded company to be created through the merger of DXC's public sector business, Vencore, and KeyPoint. Photo: Vencore.

DXC Merging Public Sector Business With Vencore, KeyPoint To Form New Company

DXC Technology [DXC] last week said that it is divesting its U.S. Public Sector (USPS) business which in turn will merge with Vencore Holdings and KeyPoint Government Solutions to create a $4.3 billion information technology (IT) company serving federal, state and local clients. The new company, which will be publicly traded, will combine DXC’s public […]

Peraton CEO Stu Shea. Photo: Peraton

Peraton Nabs $578 Million TSA Logistics Contract For Security Equipment

The Transportation Security Administration (TSA) has awarded Peraton a potential five-year $578 million contract to provide logistics support for the agency’s thousands of pieces of security equipment used at airports nationwide. Leidos [LDOS] was the incumbent contractor. Boeing [BA] and Germany’s Siemens in years past have provided integrated logistics support to TSA for transportation screening […]

Raytheon's AMRAAM air-to-air missile. Photo: Raytheon.

Congress Notified Of Potential AMRAAM Sale To The Netherlands

The State Department has approved a potential $53 million sale of air-to-air missiles to the Netherlands for use by that country’s air force, a Pentagon agency said on Wednesday. The sale includes 26 AIM-120 C-7 Advanced Medium Range Air-to-Air Missiles (AMRAAM), one AMRAAM guidance section spare, 20 captive carry training missiles, missile containers, test equipment, […]

Honorable Steffanie Easter, the acting assistant secretary of the army for acquisition, logistics and technology for the Army, examines one of the camera systems that is used for force protection, during a capabilities visit with the ALT team at Camp Arifjan, Kuwait, April 11. Easter’s visit provided her the opportunity to see firsthand the capabilities of the troops within the area. (U.S. Army photo by Sgt. Bethany Huff, ARCENT Public Affairs)

Army Considers Punishing Industry For “Frivolous” Protests

The Army is asking Congress for permission to punish companies that launch “frivolous” protests that routinely stall acquisition programs for months, according to the Army’s acting chief weapons buyer. Protests often are valid, but many are knee-jerk reactions by companies when they lose a contract, Stephanie Easter, acting secretary of the Army for Acquisition, Logistics […]

The future USS Little Rock was launched in July 2015. Photo: Lockheed Martin.

Austal And Lockheed Martin Win Contracts To Build One LCS Each

The Naval Sea Systems Command (NAVSEA) awarded the Austal USA and Lockheed Martin [LMT] teams separate contracts to each build one littoral combat ship (LCS), the Defense Department announced Friday. Both contracts are under the $584 million congressional cost cap for each LCS. The Navy said specific LCS award amounts are not being made public […]

JLTV Utility vehicle on display (middle photo) is equipped with the Boeing Maneuver Short Range Air Defense (SHORAD) Launcher including a M3P .50 cal machine gun, M299 launcher with four Longbow Hellfire missiles, sensor suite, and a communications suite including a Thales VRC-111.

Oshkosh Expands Mission Roles, Lethality Of JLTV

Oshkosh Defense is expanding the mission capabilities of the Army’s Humvee replacement, boosting the armored truck’s lethality with two new heavily armed variants. The Joint Light Tactical Vehicle (JLTV) is designed to take over many of the mission roles of the legacy Humvee. The Army initially planned to purchase about 50,000 of the bomb-resistant trucks […]

General Motors' new SURUS hydrogen fuel cell powered modular chassis. Photo: GM

GM Creates Defense Unit, Introduces Electric Platform For Modular Vehicle Applications

General Motors [GM] this month launched a new defense subsidiary to support its defense customers and also introduced a new commercially-developed electric platform that can accommodate host of military applications ranging from utility vehicles to radar carriers. The new military products unit is GM Defense LLC. GM, which once owned the former Hughes Aircraft defense […]

SAIC CEO Tony Moraco

SAIC Consolidates Organizational Structure; Offers Early Retirement Package

Science Applications International Corp. [SAIC] has consolidated its customer facing groups and capabilities focused service lines to improve its strategy execution. Last week the company also said it has offered a voluntary retirement incentive package to about 100 senior managers. A company spokesman told Defense Daily that there is no estimate of a potential charge […]