At the conclusion of a Senate hearing on Tuesday to consider the nomination of Vice Adm. Karl Schultz to be the next Commandant of the Coast Guard, Sen. Roger Wicker (R-Miss.) who chaired the confirmation hearing, said he expects the Schultz to be confirmed. “I think it’s safe to say that the prospects of your […]
General Dynamics [GD] on Tuesday said it has completed its $9.7 billion acquisition of CSRA Inc., allowing it to create a new information technology segment that is the second largest business serving the federal IT sector. GD said it expects the deal to be accretive to its earnings per share and free cash flow in […]
Boeing [BA] is reorganizing its defense segment by adding two new divisions and eliminating another to better align with its market strategy, according to a company spokesman. The two new divisions, Commercial Derivative Aircraft and Missile and Weapon Systems, will report directly to Leanne Caret, CEO of Boeing Defense, Space & Security, Todd Blecher, a […]
President Trump on Thursday nominated Vice Adm. Karl Schultz to be the next Coast Guard Commandant, succeeding Adm. Paul Zukunft, who will complete his four-year term as the service’s 25th commandant at the end of May. Schultz is currently commander of the Coast Guard’s Atlantic Area, which puts him in charge of all Coast Guard […]
The private equity firm The Acacia Group said yesterday it recently acquired federal technology provider Intelligent Decisions and has split the business into two separate companies, one focused on products and the other on services. The Acacia Group said it plans additional acquisitions to build on its new investment. The value of the deal was […]
Sen. Thad Cochran (R-Miss.), chairman of the powerful Senate Appropriations Committee and huge advocate for shipbuilding, will retire April 1 due to ailing health, the 81 year-old lawmaker said Monday. “I regret my health has become an ongoing challenge,” Cochran wrote in a press release that hit the wires late Monday. “I intend to fulfill […]
Lynn Dugle, president and CEO of Engility [EGL], has been unanimously elected as chairman of the board effective immediately, solidifying her leadership of the defense contractor. Dugle will continue to also serve as president and CEO. Previously, Engility’s board was co-chaired by Peter Marino and David Savner. Marino has been appointed as independent lead director […]
Peraton last week announced a new organizational structure that essentially consolidates its operating segments from six to four in an effort to help eliminate duplication and overlap while also improving its customer focus. The company this week also expects to announce the hiring of Reggie Brothers, who was undersecretary for Science and Technology at the […]
A day after adding a former Navy acquisition chief to its executive roster, L3 Technologies [LLL] on Tuesday said it has hired retired Army Lt. Gen. Patrick “Pat” O’Reilly, former director of the Missile Defense Agency (MDA), to a new corporate engineering role. O’Reilly will report to Paul DeLia, L3’s Chief Technology Officer, and will […]
Following the Senate confirmation last week of former Lockheed Martin [LMT] executive John Rood to be the Pentagon’s new policy chief, the company on Monday said that Richard “Rick” Edwards will lead the company’s international business efforts and Frank St. John will head the Missiles and Fire Control (MFC) business area. Edwards, 61, who led […]
