Posts from ExecutiveBiz for 09/17/2015

Wilson Jones to Succeed Charlie Szews as Oshkosh CEO; Richard Donnelly Comments

Wilson Jones, president and chief operating officer of Oshkosh Corp. (NYSE: OSK), has been appointed to succeed Charlie L. Szews as CEO in a transition scheduled to take effect Jan. 1, 2016. Szews will retire from Oshkosh on Dec…

Northrop to Spend Another $4B on Stock Buyback Plan

The board of directors at Northrop Grumman (NYSE:NOC) has approved a plan to repurchase as much as $4 billion of common shares. Northrop said Wednesday it will buy back stock from time to time, depending on market conditions and subject to authorization from the management team…

AECOM, AMEC, CDM Smith-Tigerbrain JV Win $950M Air Force Construction IDIQ Spots

AECOM (NYSE: ACM), AMEC Programs Inc. and a CDM Smith–Tigerbrain joint venture have won positions on a potential seven-year, $950 million contract with the U.S. Air Force to design and construct military housing projects…

Navy Awards $322M Submarine Services Contract Modification to General Dynamics Electric Boat

A General Dynamics subsidiary will continue its engineering, planning and technical support services for the U.S. Navy’s nuclear submarines under a new $321.7 million contract modification. The Defense Department said Wednesday General Dynamics Electric Boat will carry out configuration management, on-site support, submersible systems modernization, research and development, temporary alteration assistance, mechanical, hull and electrical engineering and training support work…

BAE to Develop, Demonstrate Sensor Tech for Navy Sea Mine Detection Efforts

A business unit of BAE Systems‘ U.S. subsidiary will develop a sensor suite and onboard processor to help aircraft detect and classify moored and drifting sea mines under a potential two-year, $12…

Ben Cardin Intros Back Pay Bill for Feds in Case of Government Shutdown

Sen. Ben Cardin (D-Md.) has introduced a new bill that would give back pay to federal employees when the government reopens after a shutdown, GovExec reported Wednesday. Eric Katz writes the 2015 Federal Employee Fair Treatment Act would pay furloughed employees their regular salary immediately after a government shutdown passes…