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VSE calls off $100M sale of business to equity firm
Alexandria-based distribution and maintenance provider VSE Corp. has called off an agreement to sell off its federal and defense segment for up to $100 million to Louisiana-based private equity firm Bernhard Capital Partners. The deal was announced in May, and the companies said in a news release Wednesday that they mutually agreed to terminate the […]
Northrop Grumman lands $705M missile contract
Falls Church-based aerospace contractor Northrop Grumman will develop and test the Air Force’s new air-to-surface missile under a $705 million contract. Under the contract, announced Monday by the Air Force and the Fortune 500 contractor, the company will develop, integrate and complete flight testing and rapid prototyping of the service’s stand-in attack weapon (SiAW) during […[...]
Arlington drone company closes deal on AI robotics co.
Arlington County-based AeroVironment, a defense contractor that manufactures unmanned aircraft, has completed its $120 million acquisition of Melbourne, Florida-based Tomahawk Robotics, the company announced Sept. 18. Tomahawk develops AI-enabled robotic control and integrated communications systems, including its flagship system, Kinesis, a tactical system used by the U.S. military and others. Ae[...]
Canadian company to spend $22.8M to expand to Suffolk
Toronto-based Automatic Coating Ltd., which provides advanced custom powder, liquid, and blasting, will invest $22.8 million to open its first U.S. location in Suffolk, adding an estimated 50 jobs, Gov. Glenn Youngkin announced Thursday. Virginia competed with Florida for the project. The move supports an existing contract with the U.S. Navy, and the company plans […]
ManTech completes Definitive Logic acquisition
Herndon-based ManTech International has completed its acquisition of Arlington County-based Definitive Logic. ManTech provides technology solutions for U.S. defense, intelligence and federal civilian agencies. The company announced the completion of the deal, first announced Aug. 1, on Tuesday. Terms of the deal were not disclosed. The acquisition is expected to add 330 employees to the […]
SAIC lands $574M Space Force radar systems contract
Science Applications International Corp. will maintain and modify the U.S. Space Force’s ground-based radar sensor systems under a $574 million contract, the Reston-based Fortune 500 contractor announced Monday. Under the Ground-Based Radar Maintenance and Sustainment Services (GMASS) contract, announced Aug. 29 by the Pentagon, SAIC will provide ongoing sustainment, modifications and improv[...]
Alexandria’s SPA acquires aerospace co.
Alexandria-based Systems Planning & Analysis, a portfolio company of investment firm Arlington Capital Partners, has acquired Florida aerospace engineering company PRKK. Terms of the deal, which was announced Wednesday, were not disclosed. Founded in 2006 with primary work locations in Virginia and Colorado, PRKK has about 125 employees who will become part of SPA’s space […]
General Dynamics, HII subsidiaries receive $14.58B in Navy contracts
Reston-based General Dynamics’ Bath Iron Works subsidiary and Newport News-based Huntington Ingalls Industries’ Ingalls Shipbuilding will construct Arleigh Burke-class guided missile destroyers for the Navy during the next 10 years under contracts valued up to $14.58 billion. The Pentagon announced the contracts Aug. 1 but did not specify the total until Wednesday. The fixed-price ince[...]
Federal Contractors | Technology 2023: THEODORE ‘TED’ COLBERT III
Recent years have been brutal for Boeing, which has dealt with supply-chain disruptions and delays in its defense programs. Named head of the world’s fifth largest defense contractor’s defense, space and security division in 2022, Colbert said in June at the Paris Air Show that he expected second quarter 2023 losses similar to this year’s […]
Federal Contractors | Technology 2023: JEFF SHOCKEY
Shockey is lead executive at the Arlington corporate headquarters of the world’s second largest defense contractor, RTX. Formerly Raytheon Technologies, the company announced a reorganization in June. In February, he became the senior official in Arlington upon the retirement of Roy Azevedo, who was president of Raytheon Intelligence & Space, now consolidated with Raytheon Missiles […[...]
Federal Contractors | Technology 2023: STU SHEA
A fixture in the national security industry, Shea has led the expansion of a 6-year-old private company into a major defense contractor through a series of acquisitions, including the 2021 purchase of Northrop Grumman’s federal IT and mission support services business. The growing company recently moved its headquarters from Herndon to Reston, which serves as […]
Federal Contractors | Technology 2023: PHEBE N. NOVAKOVIC
Since 2013, Novakovic has led the world’s sixth largest aerospace and defense company, with 105,000 employees worldwide and revenue of $39.4 billion in fiscal 2022. Ranked No. 30 on Forbes’ 2022 World’s 100 Most Powerful Women list, she is a Smith College and University of Pennsylvania Wharton School graduate and is one of the highest […]
