Posts from ExecutiveBiz for 02/03/2015

Mike Kahn, ATK SVP, Selected to Wash100 for Defense Sector Leadership

Executive Mosaic is glad to announce Mike Kahn, a senior vice president at ATK and defense group president, as the newest inductee into the Wash100 — a group of influential leaders in the government contracting industry…

Report: Air Force Eyes $938M Budget for 10th GPS III Satellite

An annual budget plan from the U.S. Air Force would set aside up to $7.1 billion for the military branch’s space programs in fiscal 2016, Reuters reported Monday. Andrea Shalal writes the Air Force plans to invest $938 million in the research, development and acquisition of a tenth Global Positioning System III satellite…

White House Seeks $54B Intelligence Budget for FY 2016

The White House has requested $53.9 billion to fund U.S. spy agencies in fiscal year 2016, the Wall Street Journal reported Monday. Damian Paletta writes that the budget proposal is up from the amount submitted last year and will cover the Office of the Director of National Intelligence, the CIA and six federal departments…

Obama Administration Asks Congress for $3.7B DHS Budget Increase

The White House has released an annual budget proposal that asks Congress to increase the Department of Homeland Security‘s fiscal 2016 budget by $3.7 billion, Federal Times reported Monday. Andy Medici writes the increased funding would allow DHS to hire more border patrol agents as well as boost the agency’s cybersecurity and counterterrorism efforts…

Carlyle Group’s Booz Allen Ownership Stake to Become 29%

The Carlyle Group will reduce its ownership stake in Booz Allen Hamilton (NYSE: BAH) to 29 percent after the equity and investment firm sold 12 million shares to Morgan Stanley & Co. for approximately $353 billion, or $29…

Mary Petryszyn: Northrop Begins Global Hawk Production for South Korea

Northrop Grumman will work with the U.S. Air Force and start production four RQ-4 Global Hawk unmanned aircraft systems under a foreign military sale contract with the South Korean air force. “[It is] the first time a Global Hawk has been sold to an allied nation in the Asia-Pacific region under the foreign military sales process,” Mary Petryszyn, international vice president for Northrop’s aerospace systems business, said Monday…

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