Oroco Capital to Buy AECOM Civil Construction Business; Troy Rudd Quoted
AECOM has entered into a definitive agreement to sell its civil construction business, including the Shimmick Construction unit, to Oroco Capital. AECOM said Thursday it expects to complete the sale in January upon the satisfaction of customary closing conditions.
ArchIntel Releases Extended Competitive Intelligence Compendium
ArchIntel, a completely customized, human-intelligence powered daily briefing service, has released its latest compendium, “Know Your Competition” to expand the conversation and provide today’s business leaders with the first hand perspective of the competitive intelligence landscape through the eyes of its experts.
AECOM Adds New Leadership to Board of Directors; Troy Rudd Quoted
AECOM had added new leadership to its Board of Directors to strengthen the company’s strategy and drive value, AECOM announced Tuesday. AECOM has nominated Diane Creel and Sander van’t Noordende as new independent directors for election to its Board of Directors at the company’s 2021 Annual Meeting of Stockholders, which is expected to take place on Feb. 24, 2021.
Veritas Capital Strikes $3.4B Cash Deal for Northrop’s Federal IT, Mission Support Business
Veritas Capital has agreed to acquire Northrop Grumman’s (NYSE: NOC) federal information technology and mission support services business for approximately $3.4B in cash. Veritas expects to merge the Northrop federal IT business with its portfolio company Peraton upon the deal’s closing.
FAA Awards Leidos Potential $1.7B Contract to Continue Nat’l Airspace System Modernization Support
Leidos (NYSE: LDOS) will continue to help the Federal Aviation Administration integrate and implement National Airspace System modernization programs under a follow-on contract worth potentially $1.76B over 10 years. The NAS Integration Support Contract IV IDIQ contract has a four-year base period.
Sikorsky Gets $507M in Army Black Hawk Helicopter Procurement Funds
The U.S. Army has obligated $507M in fiscal 2021 aircraft procurement funds on a contract modification for Black Hawk medium-lift helicopters being manufactured by Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary. DoD expects work to conclude by June 30, 2022.
ExecutiveBiz Announces Top Ten GovCon Executive Recruiters of 2020
ExecutiveBiz is pleased to recognize the most significant executive recruiters of consequence influencing the government contracting (GovCon) industry with its seventh annual list of the Top Ten Executive Recruiters for 2020. Executive recruiters play a pivotal part in maintaining the success of the sector’s most important companies.
John Ratcliffe on Space Force Becoming Part of US Intelligence Community
Director of National Intelligence (DNI) John Ratcliffe said the U.S. intelligence community will soon integrate the U.S. Space Force as the 18th member, SpaceNews reported Wednesday. Ratcliffe made the announcement Wednesday during a National Space Council meeting at the Kennedy Space Center in Florida.
Deloitte: Global Defense Spending to Grow Nearly 3% in 2021
A new Deloitte analysis forecasts global spending on defense programs to grow about 2.8 percent in 2021 as countries continue to build up their military capabilities in response to increasing geopolitical tensions amid the COVID-19 pandemic. Mergers and acquisitions are likely to recover in 2021 as aerospace and defense companies pursue long-term growth.
Kathy Warden Named AIA Board Chair, Mike Petters to Serve as Vice Chair
Kathy Warden – chairman, CEO and president of Northrop Grumman (NYSE: NOC) and five-time Wash100 winner — has been appointed to succeed Kelly Ortberg as chairman of the Aerospace Industries Association‘s board of governors. Warden will be succeeded by Mike Petters.
