Archive: Business/Financial

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GSA Picks 61 Companies For Potential $50 Billion IT Contract Vehicle

The General Services Administration (GSA) on Monday awarded its new government wide acquisition contract vehicle, selecting 61 companies to compete for up to $50 billion in customized information technology (IT) services and solutions for various departments and agencies. The Alliant 2 unrestricted contract vehicle follows up the current Alliant vehicle, which allows departments and agencies […]

The 20-percent scale model of the Aurora LightningStrike Vertical Take-off and Landing Experimental Plane (VTOL X-Plane) undergoes a flight test in Maryland. Photo: Aurora Flight Sciences.

Boeing Official Talks Up Aurora Acquisition, Still in MQ-25 Competition

A Boeing [BA] executive told reporters on Wednesday that he is “really excited about Aurora” Flight Sciences joining the company and confirmed the company is still in the MQ-25 unmanned carrier tanker program. Chris Raymond, vice president and general manager of Boeing’s autonomous systems business unit, told reporters at the company’s Arlington, Va., office that […]

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Industry Reps Say DHS Can Improve Quality, Timeliness Of Cyber Threat Information Sharing

Private sector participation remains limited in a Department of Homeland Security (DHS) automated cyber threat information sharing program due to a lack of timeliness in the sharing of the threat indicators with the government and because the information doesn’t contain adequate context, industry officials told a House panel on Wednesday. For companies, it comes down […]

Surrey-US' products include earth observation payloads. Photo: Surrey-US

General Atomics Acquires U.S.-Based Operation Of Surrey Satellite Technology

General Atomics (GA) on Monday said it has acquired the majority of assets of the Colorado-based operation of Britain’s Surrey Satellite Technology Ltd. (SSTL) to support the growth plans of its Electromagnetic Systems Group (EMS) in the development and delivery of small satellite and advanced payload systems. Terms of the deal were not disclosed. SSTL […]

The 20-percent scale model of the Aurora LightningStrike Vertical Take-off and Landing Experimental Plane (VTOL X-Plane) undergoes a flight test in Maryland. Photo: Aurora Flight Sciences.

Boeing Closes Deal For Aurora Flight Sciences

Boeing [BA] on Wednesday completed its acquisition of Aurora Flight Sciences, boosting its ability to more quickly develop autonomous technologies for flight. Terms of the deal, which was first announced in early October, were not disclosed. Aurora will retain its name and independent operating model, functioning as a subsidiary under Boeing Engineering, Test & Technology. […]

Huntington Ingalls President and CEO Mike Petters. Photo: HII

Navy Ship Work, Acquisition Lead HII To Strong Third Quarter Results

Huntington Ingalls Industries [HII] on Wednesday posted strong financial results in its third quarter driven by work on aircraft carriers and amphibious assault ships for the Navy and the acquisition last year of a technical services company. Net income jumped 39 percent to $149 million, $3.27 earnings per share (EPS), from $107 million ($2.27 EPS) […]

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L2 Defense Acquires Provider Of Emergency Services Simulation And Training

L2 Defense, Inc. has acquired Advanced Technical and Educational Consultants, Inc. (ATEC), a small business that provides simulation and training capabilities to the Defense Department, federal agencies, and state and local emergency responders. Terms of the deal, which was announced on Nov. 2, were not disclosed. ATEC is a woman-owned business based in South Florida. […]

Peraton CEO Stu Shea. Photo: Peraton

Peraton CEO Swinging For The Fences To Land Big Contracts

Peraton, the name given to the former information technology services business that Harris Corp. [HRS] divested earlier this year, is going to go after some big contracts to build scale and increase exposure to different customers, according to Stu Shea, a long-time veteran of the technology services and solutions industry and the recently installed chief […]

Orbital ATK's aerostructures business helped contribute to the company's strong third quarter results.  The company makes composite structures for commercial and military aircraft. Photo: Orbital ATK

Earnings, Sales Surge At Orbital ATK In Third Quarter

Orbital ATK [OA] on Thursday posted strong earnings and sales in its third quarter driven by top and bottom line gains in all three operating segments. Net income soared 57 percent to $94.8 million, $1.64 earnings per share (EPS), from $60.4 million ($1.04 EPS). Excluding expenses related to the pending acquisition of the company by […]