Archive: Business/Financial

Lockheed Martin Chairman, President and CEO Marillyn Hewson

Hewson Says Details Lacking To Qualify Impact Of Trump’s Proposed Tariffs

Lockheed Martin [LMT] Chief Marillyn Hewson said on Monday that she doesn’t have enough information about President Trump’s plans for tariffs on steel and aluminum imports to know that the impact might be on her company and its suppliers. Hewson also said the company hasn’t had discussions with any of its foreign customers about how […]

Lynn Dugle, chairman, president and CEO of Engility. Photo: Engility

Engility Chief Dugle Elected Chairman

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 […]

High tech overhead security camera at a government owned building. Photo: Kratos

Securitas To Acquire Kratos’ Pubic Safety & Security Business

Kratos Defense & Security Solutions [KTOS] on Thursday said it is selling its Public Safety & Security (PSS) Division to Securitas Electronic Security, Inc. for $70 million, a divestiture that will allow it to focus on its defense business. Kratos, which reported its fourth quarter financial results on Thursday, posted $751 million in sales for […]

Capitol at night---cropped---MS photo

Lawmakers, Industry Officials Complain Of Inconsistent Vetting Standards Across DHS

The Department of Homeland Security (DHS) is inconsistent in how it vets contractor employees, adding cost to industry and creating inefficiencies, lawmakers and industry officials said on Tuesday. Different DHS components apply federal “fitness standards” for contractors differently, which “causes difficulties as many contractor employees provide services for multiple DHS components,” Rep. Scott Perry (R-Pa.), […]

Orion spacecraft launch abort system fillet produced by San Diego Composites. Photo: San Diego Composites

Applied Composites Acquires San Diego Composites

Applied Composites on Tuesday said it has acquired another composite manufacturer, San Diego Composites (SDC), in a deal that expands its manufacturing capacity and enables it to provide customers with more integrated solutions. Terms of the deal were not disclosed. SDC produces large composite structures and has more than 60 employees. “The addition of SDC […]

iStock Cyber Lock

PlanetRisk Nabs First DHS Contract; Will Support Cyber Security Office

The enterprise risk analytics firm PlanetRisk this month said it won a potential $79 million contract to provide support to the Department of Homeland Security’s (DHS) office that oversees cyber security, the small company’s first contract with the department. The contract is for up to five years and will support the DHS Office of Cybersecurity […]


Northrop Grumman Receives $95 Million Award For New DHS Biometric Database

After waiting out an unsuccessful protest, Northrop Grumman [NOC] said on Monday that it has received a 42-month, $95 million contract to develop the Department of Homeland Security’s (DHS) next-generation biometric identification services system. Northrop Grumman will be the systems developer and integrator for the Homeland Advanced Recognition Technology (HART) program, which replaces the current […]


Market Intelligence Firm Says GD, CSRA Deal Will Create Federal Technology Services Leader

The combination of General Dynamics [GD] with CSRA, Inc. [CSRA] will make it the market leader in Federal Technology Services based on business captured over the past four years, taking over for Leidos [LDOS], according to a new market intelligence report by the strategic advisory services firm Govini. “This blockbuster merger signals another power play […]


Knight Point Systems Receives Nearly $1 Billion Deal To Continue DoD Communications Support

The Department of Defense’s IT services agency has awarded Knight Point Systems a five-year contract extension worth nearly a billion dollars to continue supporting communication infrastructure services. Under the new deal, awarded Feb. 15, the Reston, Va.-based software company will provide hardware and software equipment for Defense Information Systems Agency’s (DISA) network communications support operations. […]