Hitachi Vantara today closed on its acquisition of REAN Cloud, whose federal work will add six contracts to Hitachi Vantara Federal, according to the company's chief executive.
Tuesday, October 23, 2018
Tuesday, October 23, 2018
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Marjorie Censer is Inside Defense's editor. She previously worked at the Washington Post and its local business publication Capital Business, covering defense industry reshaping, the increased scrutiny of contractors following the Edward Snowden case and the challenges of canceling military programs. From 2007 to 2010, she was managing editor of Inside the Army. She also previously worked as defense editor at POLITICO and as a staff writer at the Carroll County Times and the Princeton Packet. A Fairfax native, she graduated from Princeton University.
Hitachi Vantara today closed on its acquisition of REAN Cloud, whose federal work will add six contracts to Hitachi Vantara Federal, according to the company's chief executive.
Science Applications International Corp. said today it is opening a virtual lab environment -- dubbed an "Innovation Factory" -- to help it "move at a pace similar to startups."
The industry-government advisory panel on technical data rights -- set to influence Pentagon intellectual property reform -- has put together a slate of recommendations that mainly could be implemented without legislative changes.
Analysts said this week they don't expect the planned merger of Harris and L3 Technologies to generate antitrust concerns and said the deal is likely to spur additional consolidation.
Vectrus said this week it has named Kevin Boyle chief legal officer and general counsel.
Textron Systems reported today sales in its most recent quarter reached $352 million, down from $458 million the prior year.
Investment firm Enlightenment Capital said this week it has merged four of its previous defense and intelligence acquisitions to form the EverWatch platform, a government services company specializing in defense, intelligence and deployed mission support.
The chief executives of Harris and L3 Technologies said today their proposed merger would bolster the company's role as a prime contractor and ensure the majority of its work is on fixed-price contracts.
Harris and L3 Technologies said today they have agreed to combine in an all-stock merger to create a defense contractor with about $16 billion in annual sales and about 48,000 employees.
The Pentagon's use of other transaction agreements to speed acquisition is significantly changing the business environment, contracting executives said this week.
ST Engineering last month named Tom Vecchiolla, a former Raytheon executive, to head its United States-based company, VT Systems, as it seeks growth here.
Maximus said this week it has agreed to acquire "certain assets of General Dynamics Information Technology’s large-scale, citizen-engagement centers in the U.S. Federal civilian market" for $400 million in cash.
Booz Allen Hamilton said this week it has appointed Michèle Flournoy to its board of directors, effective Oct. 24.
Boeing has snagged "important wins" by capturing the MQ-25 unmanned tanker, Huey helicopter replacement and T-X trainer contracts, but will "have to demonstrate better execution" than in the past to translate those awards into improved earnings, Moody's Investors Service said this week.
Blue Delta Capital Partners, a growth equity firm focused on the government services market, said this week Phil Nolan will serve as a general partner.
ManTech International said today it has named Yvonne Vervaet senior vice president of growth and capabilities, a newly created position.
Today's INSIDER Daily Digest includes news on the long-awaited defense industrial base report as well as new contracts awarded by the secretive Strategic Capabilities Office.
Novetta said this week it has named Joe Logue, a former Booz Allen Hamilton executive, to its board of directors.
The U.S. defense industrial base is increasingly at risk, specifically from China, and in need of new, direct investments at the subcontractor level to prevent single points of failure and dependence on foreign sources, according to a long-awaited Pentagon report commissioned by President Trump.
Harris is in the “final stages” of finding a new office location near Army Futures Command, a company executive told Inside Defense this week.