GovConWire's Government Contracting News 7/8/2022

Contract Awards

Army Picks 22 Contractors for $910M Asset Repair & Overhaul Work

The U.S. Army has awarded positions on a $910 million hybrid contract to 22 companies for the maintenance of machines, systems and vehicles over a five-year period. The contractors will compete for orders under the cost-plus-fixed-fee and firm-fixed-price award to provide repair and overhaul support services to ensure the military assets are kept operational, the

Industry News

Executive Mosaic CEO Jim Garrettson Presents 2022 Wash100 Award to Maximus Federal President Teresa Weipert

Teresa Weipert, general manager of Maximus Federal, was presented her 2022 Wash100 Award by Executive Mosaic CEO Jim Garrettson during a recent visit to the company’s headquarters in Reston, Virginia. Executive Mosaic recognizes Teresa Weipert as a first-time Wash100 Award winner for her leadership and growth and company vision for Maximus in the federal sector as well as her drive for

Contract Awards

Leidos Wins Potential $358M Contract to Develop Navy’s Medium UUV Platform

Leidos (NYSE: LDOS) has won a potential $358.5 million contract from the U.S. Navy to build a medium-size unmanned undersea vehicle for surface-launched mine countermeasures and torpedo tube-launched data collection operations. Naval Sea Systems Command received four offers for the MUUV project and obligated an initial $12 million to cover design services during the one-year

Executive Moves

Marco Galbiati Named Fincantieri Marine Group CEO

Marco Galbiati, formerly general manager of Fincantieri Marine Group, has been appointed CEO of the company. He succeeds Dario Deste, who will continue to serve as president of FMG and GM of Fincantieri’s naval vessels division, the company said Thursday. In 2018, Galbiati assumed the GM position and was responsible for growing the business and

M&A Activity

UK Government OKs Cobham-Ultra Electronics Deal

The U.K. government on Wednesday approved Cobham’s proposed acquisition of defense contractor Ultra Electronics following consideration of responses to a public consultation that sought to address national security issues associated with the planned transaction. A consultation on the proposed undertakings that Cobham offered to mitigate national security concerns was launched on June 23 and the

M&A Activity

Tetra Tech Buys Systems Engineering Firm TIGA; Dan Batrack Quoted

Tetra Tech (Nasdaq: TTEK) has acquired process automation and systems integration company The Integration Group of Americas for an undisclosed sum in a push to expand its digital water and energy practices. Tetra Tech said Thursday its government services group will absorb TIGA and the acquired entity’s personnel who specialize in software engineering, digital automation

Contract Awards

General Dynamics Unit Awarded $280M to Supply Army Vehicle Protection System Kits

General Dynamics‘ (NYSE: GD) land systems business will provide active protection system kits to the U.S. Army for main battle tanks under a five-year, $280.1 million contract. The service branch will use the Trophy kits on its M1A2 SEPv2 and M1A2 SEPv3 Abrams family of vehicles, the Department of Defense said Thursday. Army Contracting Command

News

Q&A With Northrop’s Kerron Duncan Focuses on Innovation, Emerging Tech & Digital Transformation

ExecutiveBiz featured Kerron Duncan, director of technology for the chief information office with Northrop Grumman, in a recent Executive Spotlight interview published Wednesday. He talked about his over two decades of career at Northrop and the work his team is responsible for to meet customers’ mission requirements. The Q&A also tackled the challenges on the

M&A Activity

GI Partners Closes Purchase of Public Sector Cloud Software Provider GTY

Private investment firm GI Partners has completed its acquisition of GTY Technology Holdings (Nasdaq: GTYH), a Boston-based provider of cloud software platforms for the public sector. The deal was first announced on April 29 and was approved by GTY shareholders on June 30, the companies said in a joint release published Thursday. Under the terms

M&A Activity

TPT Global Tech Subsidiary to Buy Construction & IT Services Provider IST

A TPT Global Tech subsidiary has entered into a stock transaction to acquire IST LLC, a general construction and information technology services company that works with government customers. Under the deal, IST founder Everett Lanie will receive 2 million shares of TPT Strategic’s common stock and become the latter’s president and a member of its

GovConWire's Government Contracting News 7/8/2022

Army Picks 22 Contractors for $910M Asset Repair & Overhaul Work

Executive Mosaic CEO Jim Garrettson Presents 2022 Wash100 Award to Maximus Federal President Teresa Weipert

Leidos Wins Potential $358M Contract to Develop Navy’s Medium UUV Platform

Marco Galbiati Named Fincantieri Marine Group CEO

UK Government OKs Cobham-Ultra Electronics Deal

Tetra Tech Buys Systems Engineering Firm TIGA; Dan Batrack Quoted

General Dynamics Unit Awarded $280M to Supply Army Vehicle Protection System Kits

Q&A With Northrop’s Kerron Duncan Focuses on Innovation, Emerging Tech & Digital Transformation

GI Partners Closes Purchase of Public Sector Cloud Software Provider GTY

TPT Global Tech Subsidiary to Buy Construction & IT Services Provider IST

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