As GovCon companies pursue business in adjacent and international markets due to sequestration and federal budget uncertainty, ExecutiveBiz covers the latest contract, partnership and merger and acquisition news of those U.S. companies.
Whether it’s firms substantially increasing the amount of work they perform, joining together to find opportunities or establishing training centers, GovCon firms have been actively expanding their presence in international markets over the past few years.
In this piece, ExecutiveBiz will give examples where overseas business expansion has been covered on its website in the past few months.
New Hampshire Aerospace and Defense Export Consortium has been joined by a several aerospace and defense manufacturers, which signals uncertainty about the U.S. market going forward.
The new consortium has seen a high level of interest from industry with 36 company representatives attending the two introductory meetings.
The company said it is pursuing contracts in Australia, Kuwait and Poland and aims to double its workforce in the U.K. to 5,000.
The Middle East has seen expansion by U.S. defense firms for years and that interest has spiked recently.
Executive Biz reported that Cubic Defense Applications and Injazat Data Systems will work together to provide manpower to support the operation and maintenance of Cubic's computer-based training simulation systems in the UAE.
Cubic said that it will work with its new partner company to find new opportunities in the UAE, Qatar, Oman and other markets in the Middle East.
The company has made it a priority to open up its telecommunications industry to competition from abroad and GovCon firms are focusing on opportunities like that across the globe.
Northrop Grumman will develop security technologies for Brazil's border monitoring system comprised of land-based radars, communications systems and unmanned aerial systems for detecting smuggling, terrorism and drug trafficking activities.
The article mention business activity in Brazil by other contractors including Boeing opening an aerospace research facility and Siemens planning to invest up to $1 billion in research and development.