In April, XL merged with Springfield-based Alon to expand the services it offers. Lloyd Mustin, who founded XL, was appointed chief executive of the combined company.
The new name is meant to bring together elements of both companies’ names, said William J. Weber, president and chief operating officer of XLA.
XLA is now looking for more companies to acquire. “We’re looking for very healthy, successful companies that will fit into this platform,” Weber said. “We’re in discussions with several.”
said last week it will split its Bethesda-based electronic systems business into two units, Missiles and Fire Control and Mission Systems and Training, and eliminate about 200 jobs.
The move follows the appointment of Marillyn A. Hewson
, who now heads electronic systems, as the company’s president and chief operating officer. The split goes into effect Dec. 31, one day before she takes over those roles.
Lockheed said it will have five business areas, and it expects to save $50 million annually by eliminating the management teams of the electronic systems and the Global Training and Logistics businesses. The latter’s work will be split between the remaining units. The company expects to eliminate about 200 jobs, about one-third of which will be executive positions.
Under the new structure, the 19,000-employee Mission Systems and Training unit will be based in the District and headed by Dale Bennett, while the 16,000-employee Missiles and Fire Control business will be based in Dallas and led by Rick Edwards.
Manassas Travel award upheld
A Pentagon’s agency award to Manassas-based Manassas Travel was upheld by the Government Accountability Office late last month.
The agency denied the protest filed by San Antonio-based Alamo Travel Group against an award issued by the Defense Human Resource Activity for travel management services.