Posts from ExecutiveBiz for 03/01/2016

Andrew Fairbanks of IBM Selected to 2016 Wash100 for Business Analytics & Application Service Leadership

Executive Mosaic is pleased to introduce Andrew Fairbanks of IBM as an inductee into the 2016 edition of the Wash100 — Executive Mosaic’s annual selection of influential leaders in the government contracting arena…

Raytheon Vet Lynn Dugle Appointed CEO at Engility, John Hynes Named President

Lynn Dugle, a nearly 12-year veteran of Raytheon (NYSE: RTN), will join Chantilly, Virginia-based government services contractor Engility Holdings (NYSE: EGL) on March 21 as chief executive to succeed Tony Smeraglinolo, who has stepped down from the post after more than three years at the company…

Orbital ATK Records 16% Profit Bump for 2015 as Full-Year, 4Q EPS Exceed Street Outlook

Orbital ATK (NYSE: OA) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported a profit increase of 16.28 percent for the full 2015 calendar year compared to 2014 and a 15…

BAE Systems to Develop New Navy Electronic Warfare Tech; Steve Hedges Comments

BAE Systems has received an $11 million contract from the Office of Naval Research to develop a new electronic warfare technology intended to help detect and determine radio frequency sources. The Full-Spectrum Staring Receiver will work to monitor the battlefield, track emitters, issue threat warning and cue countermeasure methods, BAE Systems said Monday…

VA Appoints Richard Stone as Principal Deputy Health Undersecretary

The Department of Veteran Affairs has appointed Dr. Richard Stone as principal deputy health undersecretary and he will work as direct report to VA Health Undersecretary David Shulkin. Stone officially started work at the VA Monday, the department said in a notice released the same day…

Aerojet Rocketdyne Chooses Dynetics for Prototype Engine Propulsion, Ignition System

Aerojet Rocketdyne has selected Dynetics to further assist in the development of a new rocket engine intended to replace the Russian-made RD-180 currently used by the U.S. military to launch defense and national security space assets…

Lockheed-Led Team Lands NASA Supersonic Transport Plane Task Order; Charles Bolden Comments

A Lockheed Martin-led team has been awarded a potential 17-month, $20 million task order to perform preliminary design work on NASA’s Quiet Supersonic Transport X-plane aircraft. NASA awarded the task order for the “low boom” flight QueSST passenger jet under the Basic and Applied Aerospace Research and Technology contract and as part of its New Aviation Horizons program, the space agency said Tuesday…

KEYW to Sell Systems Engineering & Technical Assistance Unit to Quantech Services

KEYW Corp. (Nasdaq: KEYW) has agreed on a $12 million cash deal for the sale of its systems engineering and technical assistance business to Quantech Services. “As part of an ongoing strategic review of our business, we came to the conclusion that the growth potential of both KEYW’s core business and the SETA business can be maximized if the two were separated,” Bill Weber, CEO and president of KEYW, said in a release issued Wednesday…