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Abe Peled, Simon Bax Join Inmarsat Board

Abe Peled and Simon Bax have been appointed non-executive directors to Inmarsat‘s board, effective immediately. Peled becomes a member of the nominations committee while Bax joins the remuneration committee, Inmarsat said Tuesday. Peled currently serves as senior vice president of Cisco‘s (NASDAQ: CSCO) video and collaboration group and advises U.K.-based Permira …

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Blackstone Group Cancels Dell Takeover Bid

Blackstone Management Partners LLC has withdrawn its bid to acquire Dell (NASDAQ: DELL) following its due diligence process. Dell’s special committee received the notice through Boulder Acquisition Corp., a partner in the Blackstone-led group that submitted a takeover offer in late March,  Dell said Friday. Blackstone and its partners offered …

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Jim Freund Assumes Intelligent Decisions Strategy, Planning VP Role; Harry Martin Comments

Jim Freund, a 21-year Cisco (NASDAQ: CSCO) veteran and director for collaboration and smart solutions, has joined Intelligent Decisions as vice president of strategy and planning for enterprise sales. Freund will oversee the company’s offerings in cloud, collaboration, remote expert, virtualization and bring-your-own-device as the company aims to grow in the …

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URS FY 2012 Revenue Up 15, 4Q Jumps 24%; Martin Koffel Comments

URS Corp. (NYSE: URS) has announced financial results for its full 2012 fiscal year ended Dec. 28, 2012. The San Francisco-based engineering and government contractor reported $10.97 billion in revenue for the full year, a 15-percent increase over fiscal 2011 figures. Fourth quarter 2012 revenue increased 24.2 percent over the prior …

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Steven Picot Named Vion Federal Sales VP; Tom Frana Comments

Steven Picot, an eight year Cisco (NASDAQ: CSCO) veteran and its former operations director, has joined Vion Corp. as vice president of federal sales. The former U.S. Marine Corps captain will lead all federal sales activities for the Herndon, Va.-based storage and server provider, Vion said Wednesday. “We are elated …

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Cubic Acquires NextBus Inc. for $21M; Steve Shewmaker Comments

Cubic Transportation Systems (NYSE: CUB) has acquired NextBus Inc. from real-time passenger information systems company Webtech Wireless Inc. for a total of $21 million, subject to the terms of the purchase agreement. “As part of the Cubic family, NextBus will have the additional resources and capabilities to expand more rapidly while adding …

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Microsoft Names Leigh Madden AF Programs Lead

Microsoft (NASDAQ: MSFT) has appointed Leigh Madden director of U.S. Air Force programs within the company’s federal business. He will oversee the company’s Air Force account team unit and said in a statement that he will help the branch navigate landscape and budget challenges as a strategic partner, according to …

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URS Team to Manage Radioactive Waste on Potential $1B Contract; Robert Zaist Comments

A URS Corp.-led (NYSE: URS) team has won a potential $1.3 billion Energy Department contract to operate a radioactive waste isolation pilot plant near Carlsbad, New Mexico. The San Francisco-based company said the Nuclear Waste Partnership subsidiary will start work Oct. 1 under the potential 10-year contract, which has five …

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‘Fierce’ Competition for New NATO Cyberwar Contract; US Firms Eye Foreign MKTs

The North Atlantic Treaty Organization is collecting contract bids today from more than 300 companies across its 28 member nations to expand the alliance’s cybersecurity capabilities, the Wall Street Journal reported today. The initial award is for $42 million, but Daniel Michaels cited industry officials as saying a contract win …

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BAE to Provide Maintenance of USNS Henry J. Kaiser

The U.S. Navy has awarded BAE Systems‘ ship repair business a contract for a 55-day regular overhaul and dry-docking of fleet replenishment oiler USNS Henry J. Kaiser. Major work items will also include: Cargo tank preservation Performing 54, 000-hour engine maintenance Replacing the gyro system, fan room steel and exhaust outlet pipe deck …

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