Thursday, April 18, 2024
Marjorie Censer was Inside Defense's editor until July 2021. 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.
Following its sale to private-equity firm Alvarez & Marsal Capital Partners this week, security contractor G4S Government Solutions will be renamed Centerra Group and begin seeking acquisitions to bolster its size and scope of work.
By the end of the year, General Dynamics' advanced information systems and C4 systems units will be merged into a new business unit that its chief says will be better positioned for a changing market.
As Engility prepares to close its largest acquisition yet, the company is bracing for more consolidation within the government services industry.
United Technologies announced this morning that Louis Chenevert, the company's chairman and chief executive, has retired and it has named Gregory Hayes, UTC's chief financial officer, chief executive and president.
Facing declining Pentagon spending, defense contractors from Exelis to Engility are increasingly reducing their U.S. military work and moving into federal civilian, commercial and international sales to make up for it.
The Government Accountability Office said this week that the number of bid protests filed in fiscal year 2014 jumped 5 percent from the previous year to hit 2,561, the highest level in more than a decade.
After a thorough review following Orbital Sciences' Antares launch failure late last month, Alliant Techsystems' board has opted to continue backing the companies' proposed merger, ATK executives said today.
The defense industry is reshaping itself for tighter budgets -- but it could benefit from additional Pentagon support, two defense executives said Wednesday.
Alliant Techsystems and Orbital Sciences said Monday that despite the Antares launch failure that occurred last month the two companies still plan to continue their merger.
The government is moving to address concerns about security clearances and insider threats, likely generating new procedures for government contractors.
In the last six months, Lockheed Martin has announced acquisition after acquisition, adding nearly a half-dozen companies to its business.
As the government contracting market shrinks, companies are increasingly blaming bid protests for delays in anticipated work.
A more global marketplace would help the defense industry better weather shrinking budgets and preserve competition, industry executives argued Wednesday, but it will not be easy to fully accomplish.
Reporting for the first time as a separate company, Vectrus, which spun off from Exelis earlier this year, said sales in its most recent quarter dropped to $301 million, down nearly 14 percent from the same period a year ago.
DynCorp International's parent company on Monday reported that the contractor's sales in its most recent quarter plummeted nearly 30 percent to hit $540 million, a decline the company said was driven by the "continued drawdown of U.S. forces in Afghanistan and delays in new business awards."
A former Navy Military Sealift Command contractor was sentenced to 96 months in prison and ordered to forfeit $212,000 late last week for his role in a bribery scheme to win military contracts, according to the Justice Department.
With multiple contract awards delayed or under protest, Kratos Defense & Security Solutions is facing reduced sales projections and a lowered credit rating.
With a Republican-controlled Congress set to take over early next year, government contractors are readying for change -- but are less certain of the details.
A contractor that got its start designing and operating the web portal Army Knowledge Online is poised to get a lot bigger.
Shipbuilder Huntington Ingalls said today that its profit soared nearly 40 percent in its most recent quarter, hitting $96 million.