Posts from ExecutiveBiz for 07/09/2015

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Reuters: Lockheed, Textron Final Bidders for UTC’s Sikorsky Helicopter Arm

United Technologies (NYSE: UTX) is mulling offers from Lockheed Martin (NYSE: LMT) and Textron (NYSE: TXT) to purchase UTC’s Sikorsky Aircraft subsidiary, Reuters reported Wednesday. Andrea Shalal and Mike Stone write UTC may reach a decision on the offers by the end of the month or could decide instead on a tax-free spinoff of Sikorsky to shareholders…
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David King to Succeed Marc Bendickson as Dynetics CEO; Greg Lester Named President

David King, formerly president of Dynetics, has been appointed CEO of the Huntsville, Alabama-based engineering, applied science and information technology company. Dynetics saidWednesday King will succeed Marc Bendickson, the four-decade company veteran who will remain as chairman of the board of directors…
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Veritas Capital Closes $2.1B StandardAero Buy; Ramzi Musallam Comments

Dubai Aerospace Enterprise has completed the sale of StandardAero to private equity firm Veritas Capital for $2.1 billion. StandardAero operates 13 facilities across the U.S., Europe, Canada, Australia and Singapore that offer aircraft repair, maintenance and overhaul services to clients in the commercial, military aviation and industrial power sectors, Veritas Capital saidWednesday…
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Jeh Johnson: ‘Einstein’ Program Reauthorization Needed for Federal Cyber Defense

Department of Homeland Security Secretary Jeh Johnson has urged Congress to authorize the Einstein cyber intrusion and prevention program and also remove what he views as legal barriers remain in the program’s deployment, Nextgov reportedWednesday…
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Former ManTech EVP Louis Addeo Joins SOS International’s Advisory Board; Julian Setian Comments

Louis Addeo, formerly executive vice president for corporate development and strategic acquisitions at ManTech International (NASDAQ: MANT), has joined the board of advisers at Virginia-based government services integrator SOS International…
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Army Taps 4 Companies for $25M Medical Research Support Contract

The U.S. Army has selected four companies to provide laboratory research animals and devices to the Army Medical Research Institute of Infectious Diseases and other Defense Department agencies under a $25 million contract…
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