News

Raytheon to Help Navy Build Jammer Pods Under $1B Contract

TYSONS CORNER, VA, April 15, 2016 — Raytheon (NYSE: RTN) will support the U.S. Navy in designing, building, integrating and demonstrating new electronic jammer technology under a potential $1.01 billion contract, GovCon Wire reported Thursday. The Defense Department said Wednesday the company will also provide Next Generation Jammer aero-mechanical test pods to replace the 40-year-old ALQ-99 […]

Jacobs Eyes IT Security Market Through Van Dyke Technology Acquisition

TYSONS CORNER, VA, April 14, 2016 — Jacobs Engineering Group (NYSE: JEC) has acquired Van Dyke Technology Group as part of Jacobs’ efforts to expand its IT security portfolio, GovCon Wire reported Wednesday. Darren Kraabel, senior vice president of aerospace and technology at Jacobs, said in a company statement released Tuesday that the deal works to […]

Mitre Promotes Former DARPA Official to VP, CTO

TYSONS CORNER, VA, April 13, 2016 — Mitre has appointed Jay Schnitzer as the company’s new vice president and chief technology officer, GovCon Wire reported Tuesday. The nonprofit technology and research organization said Monday it promoted Schnitzer, who has also served as defense sciences director at the Defense Advanced Research Projects Agency, from his previous role as director of […]

IBM Names David Hathaway VP of Defense & Intell for Global Business Services

TYSONS CORNER, VA, April 12, 2016 — David Hathaway, IBM’s (NYSE: IBM) former public sector application lead within the global business services segment, took over the post of vice president of defense and intelligence within GBS on April 1, GovCon Wire reported Monday. Hathaway is now responsible for the company’s program delivery, sales, profit-loss management and product […]

Harris' Aerostructures Business Sold to Albany International for $210M

TYSONS CORNER, VA, April 11, 2016 — The $210 million sale of Harris Corp.‘s (NYSE: HRS) aerostructures business to Albany International (NYSE: AIN) has closed less than two months after the companies announced the deal in February, GovCon Wire reported Friday. Harris said Friday the transaction value includes $187 million cash and an assumed $23 million capitalized lease. About Executive […]

US Gov't OKs Australia's Proposed $386M Purchase of Boeing Small-Diameter Bombs

TYSONS CORNER, VA, April 8, 2016 — Boeing (NYSE: BA) has been named as the principal contractor on a potential $386 million foreign military sale of its small-diameter bombs to Australia, GovCon Wire reported Thursday. The Defense Security Cooperation Agency said Wednesday the State Department approved the proposed deal on 2,950 GBU-39/B bombs and associated equipment and […]