Archive: Business/Financial


ASRC Nabs $428 Million DHS Award To Manage Plum Island

Arctic Slope Regional Corporation (ASRC) on Tuesday said its federal business won a recompete of a contract to manage, operate and maintain the Department of Homeland Security’s (DHS) Plum Island Animal Disease Center’s infrastructure and scientific support activities. ASRC Federal was the incumbent on the contract. The new award is for up to 10 years […]


GAO Denies L-3, DynCorp Protests On Army Aviation Support Contract Loss

The Government Accountability Office (GAO) has denied two protests on the $387 million Army contract for training support at Fort Rucker, Ala. Both DynCorp International LLC and L-3 [LLL] Army Sustainment LLC protested the contract award to M1 Support Services, which was announced in September. L-3 had been the incumbent contractor for more than a […]

Dr. Reggie Brothers, former Under Secretary for Science and Technology at DHS

Peraton Streamlines Business Structure; Hiring Former DHS S&T Chief Brothers

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 […]

Patrick "Pat" O'Reilly has been hired by L3 Technologies for the new position of corporate vice president of Engineering. He joins L3 from Alphabet Energy. Photo: Alphabet Energy.

L3 Hires Former MDA Director O’Reilly For New Engineering Position

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 […]

Richard "Rick" Edwards, Lockheed Martin's new executive vice president for international business. Photo: Lockheed Martin

Lockheed Martin Names News Heads For International, MFC

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 […]

iStock Cyber Lock

Banking, Retail Associations Seek Legislation To Clarify Data Breach Reporting Standards

Following massive consumer data breaches in 2017, such as the November Equifax [EFX] hack, banking and retail associations are urging Congress to pursue legislation to standardize cyber attack response protocols. In a Thursday letter to House Energy & Commerce Committee Rep. Greg Walden (R-Ore.) and Subcommittee on Digital Commerce and Consumer Protection Chairman Bob Latta (R-Ohio), […]

Drive shaft for Bell's 429 helicopter supplied by EnCore Composites. Photo: Encore Group

AC&A Acquires Aerospace Composites Manufacturer Encore

AC&A, a portfolio company of the private equity firm AE Industrial Partners, has acquired EnCore Composite Structures in a deal that bolsters the company’s composites business. Terms of the deal, which closed on Dec. 21, 2017, were not disclosed. “The acquisition of ECS represents a strategic addition to the unique composites platform that we are […]

Chris Kubasik, president and CEO of L3 Technologies. Photo: L3

Eyeing Key International Markets, L3 Creates Boards In Australia, Canada And UK

L3 Technologies [LLL] on Thursday said it has established boards in three countries to help focus its international growth in key regions. “We continue to focus on accelerating L3’s international business by strengthening our customer relationships and forging productive partnerships in key regions,” Christopher Kubasik, president and CEO of L3, said in a statement. The […]