Archive: Personnel Moves

Huntington Ingalls President and CEO Mike Petters. Photo: HII

Huntington Ingalls Industries To Acquire Government Services Provider Camber

Seeking to expand its services portfolio, shipbuilder Huntington Ingalls Industries [HII] on Wednesday said it has agreed to acquire government services provider Camber Corp. for $355 million in cash and plans to establish a new $1 billion business segment around its services companies. The deal is expected to close later this year, subject to regulatory […]

Michael Grasso, senior vice president for Business Development at Engility. Photo from LinkedIn.

Engility Appoints Former Lockheed Martin Official To Lead Business Development

Strengthening her focus on capturing more business, Engility Corp. [EGL] CEO Lynn Dugle has hired former Lockheed Martin [LMT] government relations vice president Michael Grasso to oversee Engility’s business development efforts. Engility said that Grasso has been appointed vice president for Business Development and Strategic Planning and will report directly to Dugle, who joined the […]

Lockheed Martin Chairman, President and CEO Marillyn Hewson

Leidos Completes Acquisition Of Lockheed Martin’s IS&GS Segment

As expected, Leidos [LDOS] on Tuesday completed its $4.6 billion acquisition of Lockheed Martin’s [LMT] information technology and technical services businesses, making it the largest pure play IT and services provider to the federal government with between $9 billion and $10 billion in annual revenue. The $4.6 billion price is about $400 million less than […]

Dale Bennett, executive vice president of Lockheed Martin Mission Systems and Training segment, will lead the renamed Rotary and Mission Systems segment. Photo: Lockheed Martin

With Sikorsky In Fold, Lockheed Martin Renames Division Rotary And Mission Systems

Lockheed Martin [LMT] on Thursday said it will rename its Mission Systems and Training segment to Rotary and Mission Systems next month to reflect the company’s acquisition of helicopter manufacturer Sikorsky Aircraft and the realignments related to the pending merger of its information services business with another federal contractor. “The new name captures the breadth […]

L-3 President and Chief Operating Officer Chris Kubasik.

L-3 Hires Aerospace And Defense Financial Analyst Heidi Wood New Position

L-3 Communications [LLL] on Monday said it has appointed long-time aerospace and defense analyst to the new position of vice president and chief analytics officer in support of the company’s business development and merger and acquisitions strategy. Wood joined L-3 from aircraft structures manufacturer Spirit AeroSystems [SPR], which she joined in July 2013 as senior […]

The U.S. Navy accepted delivery of DDG 1000, the future USS Zumwalt destroyer May 20.  (Photo: U.S. Navy)

Bath Iron Works Delivers DDG-1000 to Navy

The Navy on Friday accepted delivery of the first in a class of futuristic destroyers, the future USS Zumwalt (DDG-1000). The ship, built by General Dynamics [GD] Bath Iron Works (BIW), brings together a variety of new technologies and design features, including an integrated power system that can distribute varying levels of power to the […]

Engility CEO Lynn Dugle. Photo: Engility

Engility Names Former Raytheon Exec Lynn Dugle As CEO

Technical and systems engineering services provider Engility [EGL] on Tuesday said it has appointed Lynn Dugle as its new CEO effective March 21, replacing Anthony Smeraglinolo who was let go. Dugle retired from Raytheon [RTN] last March after 10 years with the company, including the last six leading the $6 billion Intelligence, Information and Services […]

iStock Cyber Lock

KEYW Selling SETA Business To Quantech Services

KEYW Corp. [KEYW] on Wednesday said it has agreed to sell its systems engineering and technical assistance (SETA) business to Quantech Services for $12 million in cash. KEYW said the transaction is expected to close within two weeks. “As part of an ongoing strategic review of our business, we came to the conclusion that the […]

Dan Schultz has been named president of Lockheed Martin's newest business unit, Sikorsky. Photo: Lockheed Martin

Lockheed Martin Closes Sikorsky Acquisition, Names Schultz President Of Business Unit

Lockheed Martin [LMT] on Friday closed its $9 billion acquisition of the Sikorsky Aircraft business from United Technologies Corp. [UTX] and named Dan Schultz, who led the integration efforts for the helicopter business, as president of the company’s new business unit. Renamed Sikorsky, the helicopter company is aligned under Lockheed Martin’s Mission Systems and Training […]

L-3 President and Chief Operating Officer Chris Kubasik.

L-3 Taps Former Lockheed Martin Number Two Kubasik To Run Operations

L-3 Communications [LLL] on Wednesday named Chris Kubasik as its president and chief operating officer (COO) effective immediately, a move designed to strengthen the company’s organization and performance. Kubasik, who three years ago was less than two months away from becoming CEO of Lockheed Martin [LMT] before being fired for an inappropriate relationship with a […]