GovConWire's Government Contracting News 7/30/2021

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Contract Awards

Navy Awards $900M Aerial Refueling Service Contract to CASS, Omega

CASS Professional Services and Omega Aerial Refueling Services have won positions on a $900.08 million indefinite-delivery/indefinite-quantity contract to support domestic and international defense customers in transferring fuel from a tanker to another aircraft. The two companies will vie for task orders to provide air-to-air refueling support to initial qualifications and refresher reading training programs and

Financial Report

Northrop Q2 Revenue Jumps 3% With Gains Across Space & Mission Tech Segments; Kathy Warden Quoted

Northrop Grumman (NYSE: NOC) reported a 3 percent increase in revenue for the second quarter of its 2021 fiscal year to $9.2 billion from the prior year period and lifted its full-year earnings and sales guidance Thursday. Revenue for the space business came in at $2.7 billion, up 34 percent from the same period last

Executive Moves

Greg Price Joins Calibre as Business Development VP

Greg Price, an industry leader with more than 16 years of experience in sales, capture and operations, has been named vice president of business development at Calibre Systems. He will help advance growth initiatives with regard to sales signings and pipeline, bid and proposal activities in support of the management consulting and digital transformation company’s

Financial Report

General Dynamics’ Q2 Net Earnings Up 17.9%

General Dynamics (NYSE: GD) posted flat internal revenue of $9.2 billion for the second quarter of its 2021 fiscal year and net earnings of $737 million, a 17.9 percent increase from the same period last year. The Reston, Virginia-based defense contractor said Wednesday its earnings were $2.61 per diluted share for the quarter and cash

M&A Activity

Cyxtera Set to Go Public After Starboard Merger; Nelson Fonseca Quoted

Data center colocation services provider Cyxtera Technologies will start trading Friday on Nasdaq after it completed its merger with blank check company Starboard Value Acquisition Corp. (Nasdaq: SVAC). Both parties first announced the $3.4 billion merger deal in February and Cyxtera said Thursday SVAC’s stockholders approved the combination during a special meeting Wednesday, resulting in

Financial Report

Boeing’s Q2 Defense Revenue Hike Driven by KC-46, P-8 Programs; David Calhoun Quoted

Boeing’s (NYSE: BA) defense, space and security business reported $6.87 billion in sales during the second quarter of 2021, reflecting a 4 percent increase from the prior-year period. The company said Wednesday the BDS segment’s revenue jump for the quarter was driven by a higher volume on KC-46A tanker and P-8A Poseidon maritime patrol aircraft

Contract Awards

PAE Receives $98M Contract to Help Maintain Navy F-5 Aircraft

PAE‘s (Nasdaq: PAE) aviation and technical services division will help the U.S. Navy maintain F-5F Tiger II and F-5N Freedom fighter aircraft under a two-year, $98 million contract. The company will perform F-5 F/N fleet maintenance and logistics support work at the organizational, intermediate or depot level for the Naval Air Warfare Center Aircraft Division,

Executive Moves

Pamela Lincoln Joins SPA to Direct Air Force, Space Force Program Development

Pamela Lincoln, a three-decade U.S. military veteran, has joined Systems Planning and Analysis to direct the company’s program development efforts for the Air Force and Space Force. The retired AF major general will lead the development of national security space offerings and explore space and air platforms for potential integration with SPA’s other customer services,

News

SAS Announces Move Toward IPO Readiness; Jim Goodnight Quoted

SAS looks to streamline select operational processes, enhance financial reporting structure, increase focus on segments with growth potentials and begin other preparations for initial public offering by 2024. Jim Goodnight, cofounder and CEO of SAS, said in a statement published Thursday the company’s move toward IPO preparedness is built on its established operational and financial

Contract Awards

Kearfott Books $82M Air Force Award for B-2 Navigation System Repairs

The U.S. Air Force has awarded Astronautics Corporation of America subsidiary Kearfott an $82.12 million sole-source contract to repair navigation systems on B-2 Spirit heavy strategic bombers. The defense equipment manufacturer will work on the B-52 inertial measurement unit and attitude motion sensor set at its facility in Pine Brook, New Jersey, through June 29,

GovConWire's Government Contracting News 7/30/2021

Navy Awards $900M Aerial Refueling Service Contract to CASS, Omega

Northrop Q2 Revenue Jumps 3% With Gains Across Space & Mission Tech Segments; Kathy Warden Quoted

Greg Price Joins Calibre as Business Development VP

General Dynamics’ Q2 Net Earnings Up 17.9%

Cyxtera Set to Go Public After Starboard Merger; Nelson Fonseca Quoted

Boeing’s Q2 Defense Revenue Hike Driven by KC-46, P-8 Programs; David Calhoun Quoted

PAE Receives $98M Contract to Help Maintain Navy F-5 Aircraft

Pamela Lincoln Joins SPA to Direct Air Force, Space Force Program Development

SAS Announces Move Toward IPO Readiness; Jim Goodnight Quoted

Kearfott Books $82M Air Force Award for B-2 Navigation System Repairs

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