Author: Mary-Louise Hoffman|| Date Published: July 8, 2022
A TPT Global Tech subsidiary has entered into a stock transaction to acquire IST LLC, a general construction and information technology services company that works with government customers.
Under the deal, IST founder Everett Lanie will receive 2 million shares of TPT Strategic’s common stock and become the latter’s president and a member of its board of directors, TPT Global Tech said Thursday.
Huntsville, Alabama-based IST has supported projects by more than 15 federal agencies as a general contractor since 2008.
The company’s unaudited 2021 revenue was $2.8 million and its backlog for government contracts sat at $9.5 million as of April 30, 2022.
San Diego-headquartered TPT Global Tech operates as a technology holding company and offers cloud-based communications platforms.
Lockheed Martin will add Ultra Maritime’s sonar, sonobuoys, torpedo defense and autonomous maritime sensing capabilities Ultra Maritime’s portfolio will strengthen…
Army Comptroller Marc Andersen has called for scaling private capital to strengthen national security Army installations can support industrial growth,…
