The separation of AECOM's government services business is just the latest example of services contractors reshaping to take advantage of an improving market, experts say.
Thursday, June 27, 2019
Thursday, June 27, 2019
Key Issues Gray Wolf TransDigm Extended Range Weapon
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.
The separation of AECOM's government services business is just the latest example of services contractors reshaping to take advantage of an improving market, experts say.
AeroVironment said this week it was not awarded spots on the Army’s Soldier Borne Sensor program or its Short Range Reconnaissance effort.
The Government Accountability Office has upheld a protest filed by Peraton over an Air Force contract.
Cubic said this week its board of directors has approved the appointment of David Melcher as lead independent director.
The Pentagon is setting new requirements for the TransDigm Group after the Defense Department inspector general found the company was reaping excessive profits.
Parsons is focusing its capital on finding potential acquisitions in cybersecurity, intelligence, space, defense and critical infrastructure, according to its chief executive.
Harris and L3 Technologies said today their planned merger will close June 29.
The Justice Department today said it is requiring Harris to divest its night vision business for its merger with L3 Technologies to proceed.
Acorn Growth Companies, a private-equity firm exclusively focused on aerospace, defense and intelligence companies, is preparing to make about six more investments this year, according to its managing partner.
Boeing said this week it is moving the headquarters of its space and launch division from Arlington, VA, to Titusville, FL, on Florida's Space Coast.
VT Systems said this week it will change its legal company name from Vision Technologies Systems to ST Engineering North America, effective June 30.
The National Defense Industrial Association said today it "strongly opposes" an amendment in the House version of the fiscal year 2020 defense authorization bill that would require companies to disclose cost or pricing data for contract proposals under $2 million.
AECOM announced today it will spin off its management services segment into a standalone government services company. The transaction is set to be complete in the second half of fiscal year 2020.
Peraton said today it has agreed to acquire Solers, which provides software development and systems integration for space situational awareness, satellite ground systems and operations, cybersecurity engineering and enterprise cloud-based technology.
Phebe Novakovic, the chief executive of General Dynamics, said this week she is "alarmed" that some technology companies do not want to work with the U.S. military.
The proposed merger between Raytheon and United Technologies is likely to move forward without government intervention, analysts said, and could lead to another wave of consolidation within the defense industry.
AeroVironment said today it has paid $25.7 million to acquire Pulse Aerospace, which develops small vertical takeoff and landing unmanned aircraft systems.
Applied Insight today said it has launched Altitude, a cloud technology developed in its internal research and development program.
Tom Kennedy, the chief executive of Raytheon, first approached Greg Hayes, the CEO of United Technologies, about the possibility of a merger in 2018.
Many defense contractors, particularly those in the services industry, say they're intensely focused on their hiring practices and benefits as the market for the workers they need tightens.