GovConWire's Government Contracting News 8/2/2022

Contract Awards

L3Harris-Air Tractor Team Wins Potential $3B SOCOM Aircraft Production Contract

A partnership between L3Harris Technologies (NYSE: LHX) and Air Tractor has won a potential $3 billion indefinite-quantity/indefinite-delivery contract to build a fleet of up to 75 fixed-wing aircraft for U.S. Special Operations Command. L3Harris said Monday the industry team will provide its single-engine Sky Warden platform to SOCOM’s Armed Overwatch program for use in multiple

Contract Awards

HII Wins $826M DOD Task Order for Integrated Tech Services; Andy Green Quoted

HII’s (NYSE: HII) mission technologies division will provide decisive mission actions and technology services to the Department of Defense under a potential five-year, $826 million task order. The company said Monday it will perform support work for military services, research laboratories, national intelligence agencies, combatant commands and fourth estate organizational entities. Efforts cover technology collaboration,

News

Peraton’s Stu Shea Presented 6th Wash100 Award By Executive Mosaic CEO Jim Garrettson

Stu Shea, chairman, president and CEO of Peraton, was recently presented his 2022 Wash100 Award by Executive Mosaic CEO Jim Garrettson during a recent visit to the company’s office in Reston, VA. Executive Mosaic is thrilled to recognize Stu Shea as a six-time recipient of the most prestigious and esteemed award in the government contracting (GovCon) community,

Executive Moves

Garrett Yee Named VP, General Manager of GDIT Army Sector

Garrett Yee, a retired U.S. Army major general, has been appointed to serve as vice president and general manager for the Army sector at General Dynamics‘ (NYSE: GD) information technology unit. He will oversee the development and deployment of specialized technology and service offerings for the branch in areas such as cybersecurity, artificial intelligence, 5G

M&A Activity

By Light Buys Flight Simulation Services Provider Veraxx; Bob Donahue Quoted

By Light Professional IT Services looks to expand its product portfolio with its recent acquisition of Veraxx Engineering, a Chantilly, Virginia-based provider of flight simulation training platforms and exercises. Bob Donahue, founder and CEO of By Light, said in a statement published Monday that the modeling and simulation and virtual training capabilities of the McLean,

M&A Activity

SES Closes $450M Buy of DRS Global Enterprise Solutions

SES has completed its $450 million acquisition of DRS Global Enterprise Solutions, formerly owned by defense contractor Leonardo DRS. SES said Monday it will merge the newly acquired business with the company’s government solutions subsidiary in a push to bring multi-orbit satellite communications services to the Department of Defense and other government agencies. David Fields,

Executive Moves

Mike Twyman Named Entrepreneur-in-Residence at FON

Mike Twyman, former president of Cubic‘s mission solutions business and previous Wash100 Award recipient, has joined financial advisory firm FON as entrepreneur-in-residence. FON said Monday Twyman will drive the creation and implementation of business strategies to advance organic and inorganic growth for its segment focused on command, control, computers, communications, cyber, intelligence, surveillance and reconnaissance

Financial Reports

Northrop Space Segment Helps Offset Q2 Sales Dip; Kathy Warden Notes Growth Backlog, Digital Manufacturing Investments

Northrop Grumman (NYSE: NOC) stated an 8 percent year-over-year growth in space segment sales for the second quarter to $2.98 billion with the increase partially offsetting lower revenues at the company’s three other core business sectors. April-June sales were $8.80 billion, compared to $9.15 billion for the same period last year, and Northrop said Thursday

Executive Moves

Redhorse Promotes John Adamo to VP Role; John Zangardi Quoted

John Adamo, director of energy business development and capture at Redhorse over the past year, has been elevated to the position of vice president for energy and environment. The U.S. Marine Corps Reserve major is responsible for helping expand the company’s offerings and growth channels in the federal sector, Redhorse said Monday. John Zangardi, CEO

News

State Department Greenlights UK for $300M Javelin Missile Launcher Procurement

The State Department has approved a $300 million foreign military sale of launcher technology and support services for an anti-tank missile system, manufactured by a partnership between Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT), to the British government. The U.K. asked to procure 513 Javelin Lightweight Command Launch Units for use in that country’s

GovConWire's Government Contracting News 8/2/2022

L3Harris-Air Tractor Team Wins Potential $3B SOCOM Aircraft Production Contract

HII Wins $826M DOD Task Order for Integrated Tech Services; Andy Green Quoted

Peraton’s Stu Shea Presented 6th Wash100 Award By Executive Mosaic CEO Jim Garrettson

Garrett Yee Named VP, General Manager of GDIT Army Sector

By Light Buys Flight Simulation Services Provider Veraxx; Bob Donahue Quoted

SES Closes $450M Buy of DRS Global Enterprise Solutions

Mike Twyman Named Entrepreneur-in-Residence at FON

Northrop Space Segment Helps Offset Q2 Sales Dip; Kathy Warden Notes Growth Backlog, Digital Manufacturing Investments

Redhorse Promotes John Adamo to VP Role; John Zangardi Quoted

State Department Greenlights UK for $300M Javelin Missile Launcher Procurement

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