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  • DARPA-Funded Subterranean Challenge Names CERBERUS, Dynamo Teams as Winners - top government contractors - best government contracting event
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    DARPA-Funded Subterranean Challenge Names CERBERUS, Dynamo Teams as Winners

    The CERBERUS and Dynamo teams emerged as winners of the two competitions of the Defense Advanced Research Projects Agency’s Subterranean Challenge, bagging $2 million and $750,000, respectively. CERBERUS, or the CollaborativE walking & flying RoBots for autonomous ExploRation in Underground Settings, landed the top spot on the systems competition where teams demonstrated technologies for mapping […] More

  • GovCon Industry Pros Recognized in Trending 40's Top DC Corporate Counsels List - top government contractors - best government contracting event
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    GovCon Industry Pros Recognized in Trending 40’s Top DC Corporate Counsels List

    Laurence Grayer of Veterans Moving Forward, Gregory Nixon of Cerberus and Josh Petty of Booz Allen Hamilton have made Trending 40’s list of top corporate counsels in Washington, D.C. for 2016. The legal professionals will be honored during a ceremony that will be held Sept. 21 at Crystal City, Virginia. Other honorees include Mitre‘s Julie Bowen, AT&T‘s Rishi Chhatwal, PwC‘s Eliza Nagle, Northrop Grumman‘s Charlton Walker […] More

  • Lockheed Selects Thales Airborne Surveillance System for UK Navy Helicopters - top government contractors - best government contracting event
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    Lockheed Selects Thales Airborne Surveillance System for UK Navy Helicopters

    Lockheed Martin has chosen Thales to provide airborne surveillance and control capability for the U.K. naval forces’ new Merlin airborne surveillance helicopters. Thales said Friday it received the Merlin ASaC subcontract for the company’s Searchwater radar and Cerberus mission system, which will be installed on the helicopters. The technology will work to protect the U.K. navy’s aircraft […] More

  • CGI to Help UK Build Govt Security Vetting System - top government contractors - best government contracting event
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    CGI to Help UK Build Govt Security Vetting System

    CGI has been awarded a four-year contract to develop a technology to help British government agencies and contractors screen employees who aim to obtain security clearances. The U.K.’s National Security Vetting Solution platform will be designed to manage more than 200,000 applications a year and check applicant information such as criminal records, address and financial […] More

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    Bill Ballhaus Ends Tenure as DynCorp CEO, Joins Parent Cerberus as Adviser

    DynCorp International CEO and President Bill Ballhaus has announced his resignation from the security contractor. He will remain on the company's board of directors as vice chairman and will also become strategic adviser to DI's parent, Cerberus Capital Management L.P. Cerberus acquired DynCorp earlier this year for approximately $1.5 billion. ExecutiveBiz named Ballhaus a “Person […] More

  • DynCorp Makes Pair of Financial Moves Tied to Cerberus Acquisition - top government contractors - best government contracting event
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    DynCorp Makes Pair of Financial Moves Tied to Cerberus Acquisition

    DynCorp (NYSE: DCP) has announced a pair of fiscal moves drawing it closer to buyer Cerberus Capital. The firm’s stockholders approved a proposal to adopt the DynCorp’s merger agreement with the private investment firm Cerberus Capital Management. According to the firm, “the affirmative vote of the holders of a majority of the outstanding shares of […] More

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    Cerberus to Sell $455 Million Notes to Fund DynCorp Acquisition

    DynCorp International Inc. announced today Cerberus Capital Mangement L.P.’s subsidiary, Delta Tucker Sub, will sell $455 million aggregate principal amount of senior notes to assist the funds of Cerberus’ acquisition of DynCorp. DynCorp will assume the obligations once the acquisition is completed, which could occur as early as the end of this month. The proceeds […] More

  • 2010's Acquisitions Wave: Cash is Back - top government contractors - best government contracting event
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    2010’s Acquisitions Wave: Cash is Back

    Harris Corporation’s acquisition of privately-held CapRock Communications for a reported $525 million in cash is the latest in a series of major cash acquisitions, proving that, even if credit is still tight, cash is back. CapRock’s customer base includes energy sector giants Chevron and Halliburton as well as DoD.  Howard L. Lance, chairman, president and […] More

  • GovCon Market Bright Spot in Dim Economy - top government contractors - best government contracting event
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    GovCon Market Bright Spot in Dim Economy

    Last week, New York private equity firm Cerberus Capital Management acquired DynCorp International for $1.5 billion.  After GTEC’s successful IPO last year, as well as the high-profile buyouts of ACS, Perot Systems and EDS, it looks like Wall Street is betting on government contractors as a bright spot in an otherwise gloomy economic outlook. There […] More

  • Daily Government Contracting Recap - April 12, 2010 - top government contractors - best government contracting event
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    Daily Government Contracting Recap – April 12, 2010

    Kathleen Sebelius commented on World Health Day. There’s a debate emerging over whether the cyber war threat has been “grossly exaggerated.” DynCorp is being bought by Cerberus Capital Management for $1.5 billion. BAE Systems, CACI and Booz Allen Hamilton won deals from Army. Northrop Grumman and Raytheon won Navy contracts. The prevalence of cyber crime […] More

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