Posts from ExecutiveBiz for 06/15/2015

Hugh Evans: Veritas Capital Targets Mass Notification Tech Market with ECN Buy

Veritas Capital has bought mass notification software-as-a-service company Emergency Communications Network from private equity firm The Riverside Co. for an undisclosed sum. Hugh Evans, a managing partner at Veritas, said Friday the private equity investment firm aims to help ECN expand its presence in the government and adjacent markets…
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Rick Ambrose: Lockheed-Boeing JV Seeks US Approval for Russian Rocket Engine Purchase

Boeing and Lockheed Martin‘s joint venture United Launch Alliance is seeking a waiver from a federal ban on the use of the Russian-made RD-180 engine for U.S. military satellite launches, Reuters reported Sunday
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Gregory Hayes: UTC to Decide on Sikorsky Spinoff or Sale Move in ‘Coming Weeks’

United Technologies Corp. (NYSE: UTX) will leave the helicopter manufacturing business through a separation of its Sikorsky Aircraft business in a move UTC expects to complete by the end of its third quarter…
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Boeing Receives 3rd ABS Order for All-Electric Propulsion Satellite; Mark Spiwak Comments

Boeing will build a third 702SP all-electric propulsion satellite for ABS to provide satellite services to Australia, New Zealand, Russia and countries in the Middle East, South Asia and Southeast Asia…
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Senate Bill Aims for Federal Program Mgmt Reform

A bill introduced by Sens. Joni Ernst (R-Iowa) and Heidi Heitkamp (D-N.D.) seeks to help federal agencies emulate project management strategies that have worked in the private sector. Ernst said Thursday the Program Management Improvement and Accountability Act of 2015 aims “to correct widespread deficiencies, lax oversight and unnecessary cost incurred by preventable delays in meeting stated program goals and deadlines…
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Tom Vice: Northrop, General Dynamics, L-3 Partner for Joint Surveillance System Competition

Northrop Grumman will collaborate with General Dynamics‘ Gulfstream subsidiary and L-3 Communications in pursuit of the U.S. Air Force‘s Joint Surveillance Target Attack Radar System replacement contract…
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