Plymouth, Michigan-based optical technology supplier EOTech has bought Intevac‘s (Nasdaq: IVAC) photonics unit for approximately $100 million in upfront cash and future earnout payments. Intevac said Monday it also negotiated a six-month transaction service agreement with EOTech and intends to focus on the thin-film equipment market following ...
Mynaric, a Germany-based maker of laser communications systems for government and commercial aerial and spaceborne applications, targeted to raise $75.9 million through an initial public offering of 4 million American depositary shares at a price of $16.50 apiece. Mynaric said Friday it kicked off trading on the Nasdaq Global Select Market under the...
Federal agencies are working to integrate artificial intelligence into their infrastructures as they iteratively replace outdated legacy systems and optimize essential operations to match adversarial capabilities in the digital age. As a boost to this critical initiative, U.S. Senators Jacky Rosen, D-Nev., and Rob Portman, R-Ohio introduced the Adv...
Mike Farahbakhshian, a two-decade veteran of the government information technology market, has joined SBG Technology Solutions as vice president of health solutions. In his new capacity, Farahbakhshian will oversee expansion initiatives within the federal health IT segment and provide guidance for SBG offerings on the Department of Veterans Affairs&...
Rick Ambrose, executive vice president of Lockheed Martin’s (NYSE: LMT) space business and a six-time Wash100 Award winner, will retire in March 2022 after a two-decade career with the Bethesda, Maryland-based aerospace and defense contractor. Jim Taiclet, chairman, president and CEO of Lockheed and a 2021 Wash100 Award recipient, said in a statem...
GovCon Wire Events hosted its Cybersecurity in National Security Summit on Tuesday to provide a platform for the members of the federal government, industry and the government contracting (GovCon) community to discuss the major initiatives bolstering the DOD’s cybersecurity as well as the opportunities for private industry to support the federal g...
Deborah Lee James, former secretary of the U.S. Air Force and a previous Wash100 Award winner, took her oath of office as the new chair of the Defense Business Board during a ceremony held Tuesday at the Pentagon. Kathleen Hicks, deputy secretary at the Department of Defense and a 2021 Wash100 Award recipient, swore in...
Government contractors came from private companies that manufacture goods and services for government establishments. This group of people is like government organizations that come in different shapes and sizes. A group of government contracting companies is hired by the government when their contracts win through bidding. U.S Government contracts ...
GovCon Wire Events hosted its IT Modernization and Transformation Forum on Wednesday featuring Ann Dunkin, chief information officer of the Department of Energy (DOE), as the keynote speaker to discuss her goals, strategies and priorities for the DOE. “We want to advance, as always, the use of technology. One of the things we do in...
GovCon Wire Events hosted its IT Modernization and Transformation Forum on Wednesday to bring together a handful of the most significant members of the federal landscape as well as those who want to learn more about the current set of challenges surrounding our cybersecurity systems, data modernization goals and IT transformation strategies. As the ...
