Posts from ExecutiveBiz for 01/26/2016

Leidos to Merge With Lockheed IT, Gov’t Services Segments in $5B Tax-Free Deal

Reston, Virginia-based contractor Leidos Holdings (NYSE: LDOS) has agreed to a merger with the government information technology and services businesses of Lockheed Martin (NYSE: LMT) under a $5 billion, tax-free Reverse Morris Trust transaction to create the government services industry’s largest publicly-traded contractor by revenue, the companies said Tuesday…
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Lockheed Shows Profit Hike for 4Q, FY 2015 to Top Wall Street Estimates

Lockheed Martin (NYSE: LMT) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported fourth quarter earnings of $3.01 per share and $11.46 for its fiscal year 2015 to exceed the consensus estimates of Wall Street analysts for both figures by 7 cents and 8 cents respectively…
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Capgemini Rebrands Igate Post-Acquisition; Virginie Regis Comments

Igate is set to begin operations under the Capgemini brand six months following the completion of the company’s acquisition by the consulting firm. The rebranding of Igate is part of a process to incorporate the company into Capgemini’s global production center network and financial services sector, Capgemini said Monday…
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CTC’s Ed Sheehan Recognized for Business Leadership in Pennsylvania

Concurrent Technologies Corp. President and CEO Ed Sheehan Jr. has been recognized by the Pennsylvania Business Central as part of an annual list of prominent business personalities in the state. The publication said Friday its editorial team chose Sheehan and the other honorees based on their corporate leadership, community participation and contributions to the local business sector…
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Huntington Ingalls Division Awards STEM Grants to Mississippi, Alabama Schools

Huntington Ingalls Industries’ Ingalls Shipbuilding division has awarded grants worth approximately $100,000 to support 25 science, technology, engineering and mathematics projects at elementary, middle and high schools in Alabama and Mississippi…
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Rockwell Collins Inks Deal to Purchase Christie’s Matrix Projector Line

Rockwell Collins (NYSE: COL) has agreed to buy Christie Digital Systems’ Matrix series of projectors for an undisclosed sum in an effort to complement its training projectors and simulation offerings to aviation and military clients…
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Martha Bejar Joins CenturyLink Board; Glen Post Comments

Martha Bejar, formerly director and CEO of broadband wireless access services company Flow Mobile, has joined the board of directors at CenturyLink. “Her years of experience in telecommunications and information technology businesses will enable her to make immediate contributions to CenturyLink’s future,” President and CEO Glen Post said in a statement issued Monday…
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DARPA Seeks Input on Anti-Submarine Bistatic Sonar System

The Defense Advanced Research Projects Agency has begun its search for an anti-submarine bistatic sonar system that works to maintain a ship’s stealth while in operation, Military & Aerospace Electronics reported Monday…
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