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Proposed UTC-Raytheon Merger Gets DOJ Antitrust Clearance With Divestiture Requirement

The Department of Justice has given United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) an antitrust approval to proceed with their proposed merger through an all-stock transaction, Reuters reported Friday. A DOJ notice posted Thursday says the approval comes with a proposed settlement that requires both companies to divest to a U.S. approved-buyer Raytheon’s airborne tactical radios business and UTC’s military GPS business and its large space-based optical systems unit to maintain competition.

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C3.ai, Microsoft Partner to Launch Digital Transformation Institute to Advance Scientific AI Innovation; Thomas Siebel, Eric Horvitz Quoted

C3.ai, Microsoft (Nasdaq: MSFT) and multiple universities have partnered to release two major initiatives: C3.ai Digital Transformation Institute and C3.ai DTI First Call for Research Proposals, C3.ai announced on Thursday

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Ramzi Musallam, Veritas Capital CEO & Managing Partner, Selected to 2020 Wash100 for Buyout Fund and GovCon M&A Leadership

Executive Mosaic is honored to introduce Ramzi Musallam, CEO and managing partner of Veritas Capital, as an inductee into the 2020 edition of the Wash100 for leading the New York City based investment firm to exceed its fundraising targets and further invest in technology-focused businesses.

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Caddell-Nan JV to Build US Marine Quarters Under Potential $110M Contract

A joint venture between Caddell Construction and Hawaii-based Nan has won a potential $110.4M contract from the U.S. Navy to build bachelor-enlisted quarters at Naval Base Guam. The JV will design and construct a building complex with multiple floors on Joint Region Marianas site to house unaccompanied U.S. Marines, the Department of Defense said Wednesday.

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Jacobs Secures Enfield Council Project to Provide Technical Design Services Under $7.75B Funding; Donald Morrison, Nesil Caliskan Quoted

Jacobs has been selected to provide technical design and planning advisory services to Enfield Council for the delivery of strategic infrastructure at Meridian Water, a $7.75 billion, 20-year regeneration program in Upper Edmonton, in the London Borough of Enfield, North London, the company announced on Wednesday.

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Accenture Federal Unit Wins $201M TSA Credentialing System Support Order

Accenture's (NYSE: ACN) federal arm has won a potential seven-year, $201M task order help the Transportation Security Administration's technology solutions division consolidate and maintain credentialing systems, G2Xchange FedCiv reported Wednesday. The report said Accenture Federal Services bested one other vendor for the task order under the General Services Administration's Alliant 2 contract vehicle.

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