Posts from GovConWire for 06/23/2015

Lou Von Thaer Joins DynCorp as CEO

Lou Von Thaer, formerly president of the national security sector at Leidos (NYSE: LDOS), has been appointed chief executive of DynCorp International (NYSE: DCP). The more than 30-year government market veteran succeeds interim CEO Jim Geisler, who will move into a new role as non-executive chairman of DynCorp’s board of directors, the company said Monday…

Lockheed Receives $870M Missile Defense System Contract Modification

Lockheed Martin (NYSE: LMT) will continue to provide development and engineering support for the missile defense system’s command, control, battle management and communications platform under a potential $870 million contract modification…

Report: Frank Kendall Concerned Over Timing of John McCain’s DoD Acquisition Reform Plans

Pentagon acquisition chief Frank Kendall believes Sen. John McCain‘s (R-Ariz.) move to give greater authority on defense acquisition programs to service chiefs may still result in cost and schedule issues, Breaking Defense reported Monday…

Robert Work: WH Veto Threat for 2016 Defense Bill Could Prompt Sequester Rollback

Deputy Defense Secretary Robert Work has said he is “pretty certain” that Congress will consider a compromise on defense budget to lift the threat of fiscal 2016 sequestration, Defense News reported Monday…

Senate Confirms USCG Vice Adm. Peter Neffenger as TSA Administrator

The Senate has approved U.S. Coast Guard Vice Adm. Peter Neffenger as the new administrator of the Transportation Security Administration following a vote of 81-1, The Hill reported Monday. Jordain Carney writes that Neffenger’s confirmation comes amid reports that TSA agents were unable to locate fake bombs placed at the busiest airports across the U…

June 22: GovCon Index, US Stocks Gain on Investors’ Greek Hopes

The GovCon Index started the trading week with a gain of 0.236 points to 77.146 as U.S. stocks gained on investor optimism over a potential resolution to Greece’s long-running debt negotiations. Market activity picked up after comments from Greek Prime Minister Alexis Tsipras that his country could be willing to make concessions in an effort to get financial aid and stave off a default, according to CNBC…

Frank Calderoni Joins Red Hat as CFO, Operations EVP

Frank Calderoni, formerly executive adviser, executive vice president and chief financial officer at Cisco, has been appointed CFO and EVP of operations at Red Hat. He will directly report to CEO Jim Whitehurst, oversee the company’s financial strategies worldwide and manage the operations and information technology groups, Red Hat said Monday…