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GovConWire's Government Contracting News 10/1/2021

CTFV Acquisition Closes Buy of Peraton’s Systems Engineering Arm; Damian DiPippa Named SES Business Lead
M&A Activity

CTFV Acquisition Closes Buy of Peraton’s Systems Engineering Arm; Damian DiPippa Named SES Business Lead

CTFV Acquisition, a portfolio company of Veritas Capital-backed Vantage Fund, has completed its purchase of Peraton’s SES business. The SES business is focused on providing systems engineering, integration and support services and will now be led by Damian DiPippa, most recently president of Peraton’s systems engineering sector, as an independent company, Peraton said Thursday. Herndon,
Fluor Subsidiary Receives $1.2B Naval Nuclear Propulsion Work Extension
Contract Awards

Fluor Subsidiary Receives $1.2B Naval Nuclear Propulsion Work Extension

A Fluor (NYSE: FLR) subsidiary has received a $1.16 billion award from the U.S. Navy to extend propulsion work at the Naval Nuclear Laboratory through fiscal year 2022. The military service exercised a cost-plus-fixed-fee option on its contract with Fluor Marine Propulsion, the Department of Defense said Thursday. FMP initially won a potential $13.07 billion
Marion Kennedy Named LMI Intelligence Market VP; Pete Pflugrath Quoted
Executive Moves

Marion Kennedy Named LMI Intelligence Market VP; Pete Pflugrath Quoted

Marion Kennedy, a more than 25-year federal government and industry leader, has joined LMI as vice president of intelligence market. Pete Pflugrath, senior VP of markets and growth at LMI, said in a statement published Thursday said Kennedy’s hands-on experience in growing intelligence-related businesses in the private sector and supporting the development of innovative platforms
General Dynamics Subsidiary Books $276M Navy Contract to Prototype Mine Deployment System
Contract Awards

General Dynamics Subsidiary Books $276M Navy Contract to Prototype Mine Deployment System

General Dynamics‘ (NYSE: GD) mission systems business has won a potential five-year, $275.6 million contract from the U.S. Navy for the design, development and testing of a maritime mine deployment system. The company will deliver a prototype of the Hammerhead system meant to detect and engage anti-submarine warfare targets, the Department of Defense said Thursday.
Boeing Awarded $391M Contract to Modernize Army CH-47F Cargo Helicopters
Contract Awards

Boeing Awarded $391M Contract to Modernize Army CH-47F Cargo Helicopters

Boeing (NYSE: BA) will update as many as five Chinook heavy-lift military cargo helicopters for the U.S. Army under a $391.4 million contract. The military service intends to procure CH-47F renew aircraft through the fixed-price-incentive contract and expects the planemaker to complete work on Sept. 30, 2025, the Department of Defense said Thursday. According to
NASA Selects GE, MagniX to Demonstrate Electric Propulsion Systems for Commercial Aircraft
Contract Awards

NASA Selects GE, MagniX to Demonstrate Electric Propulsion Systems for Commercial Aircraft

NASA has awarded a pair of contracts worth $253.4 million combined to General Electric‘s (NYSE: GE) aviation subsidiary and MagniX USA to develop and demonstrate electrified propulsion systems intended for commercial aircraft. The two companies will participate in the Electric Powertrain Flight Demonstration project within a five-year period, as part of NASA’s Integrated Aviation Systems
Brian Drzewiecki Joins Research Innovations as COO, CFO
Executive Moves

Brian Drzewiecki Joins Research Innovations as COO, CFO

Brian Drzewiecki, a finance professional with more than two decades of industry experience, has joined Research Innovations Inc. as chief operating officer and chief financial officer. He will oversee RII’s overall business activity that covers its financial and operational planning functions, the company said Thursday. His career includes executive-level financial work at Cobham Advanced Electronic
GE Aviation Receives $284M Contract for Military Helicopter Engines
Contract Awards

GE Aviation Receives $284M Contract for Military Helicopter Engines

General Electric‘s (NYSE: GE) aviation subsidiary has secured a nearly $284 million contract with the Defense Logistics Agency to provide helicopter engine supplies to the U.S. Army, Navy and Air Force. The T-700 firm-fixed-price, requirements-type contract has a base performance period of five years and three months, ending on Dec. 31, 2026, the Department of
Parsons to Design Waste Treatment Facility Under $145M Army Contract; Jon Moretta Quoted
Contract Awards

Parsons to Design Waste Treatment Facility Under $145M Army Contract; Jon Moretta Quoted

Parsons has won a $145 million contract from the U.S. Army Corps of Engineers to provide design-build services to a waste treatment facility construction project at Radford Army Ammunition Plant in Virginia. The company said Thursday it will support technical engineering, permitting and environmental compliance work on the Energetic Waste Incinerator/Contaminated Waste Processor as part
Spirit AeroSystems Announces 3 New Divisions, Leadership Changes in Reorganization Push
Executive Moves

Spirit AeroSystems Announces 3 New Divisions, Leadership Changes in Reorganization Push

Spirit AeroSystems (NYSE: SPR) has reorganized its operations into three business divisions – defense and space, commercial and aftermarket – and announced leadership appointments as part of efforts to diversify and focus on key growth markets. Duane Hawkins will continue to oversee the defense and space division as president and has been named executive vice
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