The defense industry is seeing additional consolidation, which Lockheed Martin is monitoring, the company's chief executive said today.
Tuesday, April 24, 2018
Tuesday, April 24, 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.
703-562-8735The defense industry is seeing additional consolidation, which Lockheed Martin is monitoring, the company's chief executive said today.
Reforming regulations and the acquisition process will be two areas of policy focus for Lockheed Martin in 2018, according to the company's chief executive.
The head of Forcepoint's global governments unit is seeking to grow the company's longstanding work in cross-domain and insider threat work, while also building its more traditional cybersecurity business in critical networks and other areas.
Vectrus said today its 2017 sales reached $1.1 billion, down about 6 percent from the prior year.
Engility said today Lynn Dugle, the company's chief executive, has been elected chairwoman of its board of directors.
L3 Technologies said this week it has acquired a minority stake in nanotechnology firm Peak Nano Optics.
Kratos Defense & Security Solutions said Wednesday it has agreed to sell its public safety and security system integration business for $69 million to Securitas Electronic Security.
BWX Technologies, which builds the nuclear reactors used on Navy aircraft carriers and submarines, said this week sales in 2017 reached nearly $1.7 billion, up about 9 percent from 2016.
A top Pentagon industrial base policy official confirmed today the Defense Department will be reviewing General Dynamics' proposed deal to acquire CSRA.
The task force leading a new defense industrial base review recently held an "interim readout" of the effort's initial findings, according to the principal deputy director of the Pentagon's manufacturing and industrial base policy shop.
KBR said today it has agreed to buy Stinger Ghaffarian Technologies, better known as SGT, for $355 million as it increasingly moves into the government services market.
Cubic said today it has acquired Silicon Valley-based MotionDSP, which provides advanced image processing software.
Aerojet Rocketdyne said this week sales in 2017 were just shy of $1.9 billion, up almost 7 percent from 2016.
Leidos said today sales in 2017 hit $10.2 billion, up about 44 percent from $7 billion in 2016.
ManTech International said today sales in 2017 reached $1.7 billion, up about 7 percent from 2016.
Acquiring CSRA will help General Dynamics better compete in the consolidating IT services market, GD's chief financial officer said today.
Huntington Ingalls said today Michael Smith, executive vice president for strategy and development, is moving to the company's technical solutions division to oversee the SN3 business, effective immediately.
Curtiss-Wright said today it has agreed to acquire the assets of Dresser-Rand's government business for $213 million in cash.
Leidos said today John Jumper, the contractor's former chief executive, will leave its board of directors at the end of his term.
Serco said this week Pamela Drew, a veteran government contracting executive, has been appointed to the board of its U.S. business.