The U.S. Army has awarded 17 companies positions on a potential $1.6 billion contract for commercial software, hardware and related incidental services. Army Contracting Command received 50 offers for the firm-fixed-price contract and will obligate funds upon award of each task order, the Department of Defense said Tuesday. The vendors will compete for orders to
Sam Gordy, a former IBM (NYSE: IBM) executive and a two-time Wash100 awardee, has been named chief operating officer and president of the federal division at artificial intelligence company BigBear.ai. In his new capacity, Gordy will be responsible for overseeing BigBear.ai’s day-to-day operations and driving its growth in the federal market, the company said Wednesday.
Kyndryl is set to kick off trading Thursday, Nov. 4, on the New York Stock Exchange under the ticker symbol “KD” following the completion of the managed infrastructure services business’ separation from IBM (NYSE: IBM). IBM said Wednesday its stockholders will get a share of common stock in the spinoff company for every five shares