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Army

ManTech To Acquire Small Firm That Primes On Army S3 Contract

DDN

Wednesday, December 23rd, 2009

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ManTech International [MANT] earlier this week said it has agreed to acquire Sensor Technologies Inc. (STI), a small contractor that has a prime position on the Army's Strategic Services Sourcing (S3) contract, for $242 million in cash. The deal is expected to close the transaction early next year subject to various closing conditions and approvals, including Hart-Scott-Rodino. ManTech said the deal will accretive to earnings per share in 2010. New Jersey-based STI is expected to have about $340 million in…

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]

Army

Army Relooking At Its ‘Whole Aviation Transformation’ Plan, Acting Chief Tells Lawmakers

The Army is relooking at its “whole aviation transformation initiative,” the service’s acting chief of staff told lawmakers on Tuesday, to include its approach for future procurement of “enduring” platforms. […]

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]