Defense and aerospace components maker Heico (NYSE: HEI) has agreed to acquire Wencor Group from the latter’s management and private equity firm Warburg Pincus in a cash-and-stock deal valued at $2.05 billion. Heico said Monday it will pay $1.9 billion in cash and $150 million in Class A common stock for the Peachtree City, Georgia-headquarter...
The General Services Administration has named 14 representatives from public and private sectors as inaugural members of a federal panel that will advise and offer recommendations to the GSA administrator, the Federal Risk and Authorization Management Program’s board and agencies with regard to the secure adoption of cloud computing products a...
The U.S. Army has given industry a preview of a potential 10-year contract to provide development and deployment support and lifecycle services for aerial intelligence, surveillance and reconnaissance sensors and integrated systems. A presolicitation notice published Friday states that the proposed Development, Integration, Acquisition, Bridging to ...
The federal government relies on healthcare services to fulfill various missions for the nation. Get to know the top healthcare and medical government contractors in 2023. Every year, the federal government allocates a significant portion of its budget to health care, aiming to obtain high-quality pharmaceuticals, therapies, and preven...
Executive Mosaic CEO Jim Garrettson delivered the 2023 Wash100 Award to Amy Gilliland, president of General Dynamics Information Technology, during his recent visit to the latter’s company offices. This is the sixth consecutive year that Gilliland was awarded the Wash100, which annually recognizes the top 100 key public and private sector...
The public and private sectors alike share at least one defining characteristic: their operations are determined by their ever-increasing relocation to the cybersphere. Work, agreements, communication, storage and even warfare are now all taking place online, in the cloud and across complex digital architectures. This sweeping and ongoing digital mo...
BWX Technologies (NYSE: BWXT) reported a 7 percent growth in fiscal 2023 first quarter revenue from government operations and attributed the growth to a higher production volume for nuclear components and microreactors. Sales in BWXT’s government segment for the period increased to $459.9 million, from the $431.8 million a year earlier, while ...
As the world moves further into the digital realm, information technology systems have become the core of secure and efficient business processes for both the public and private sectors. Across government and industry, chief information officers work tirelessly to ensure that IT systems are up-to-date and properly equipped to keep pace with the tran...
As the world around forges ahead with modernization initiatives, some aspects of the federal government remain in the past, relying on outdated systems and technologies. One major area of innovation in the public sector aims to move away from physical documents and paper forms and toward a more digital solution. Brendan Curley, vice president of...
Artificial intelligence is currently experiencing a major peak in the commercial world with the skyrocketing popularity of generative AI tools in recent months, which is causing a ripple effect with implications in the public sector too. Mandy Long, the new CEO of BigBear.ai, delved into the present state of the AI market, where she thinks it...
