NuScale Power has agreed to merge with blank check company Spring Valley Acquisition (NASDAQ: SV) in a transaction that would take the Fluor-backed (NYSE: FLR) company public and help commercialize its small modular reactor technology. Fluor said Tuesday it has invested over $600 million in NuScale since 2011 and expects to own about 60 percent...
Having millions and even billions of dollars recurring spending, the United States government and its federal agencies are known to be the world’s largest buyer of products and services. The federal government buys almost everything they need from big and small businesses. To quickly obtain their needs, the federal government made government c...
Booz Allen Hamilton (NYSE: BAH) has finished spinning off its artificial intelligence platform into a standalone company that will advance the deployment of production-ready AI, build on existing client base across federal and commercial markets and expand its developer community and partner ecosystem. McLean, Virginia-based Booz Allen said Thursday...
Raja Maharajh, most recently chief of staff to Raytheon Technologies (NYSE: RTX) Chairman and CEO Greg Hayes, has been appointed general counsel of the Waltham, Massachusetts-based defense and aerospace company. He succeeds Frank Jimenez and will oversee legal and regulatory functions that include corporate governance and transactions, litigation, c...
Systems Planning and Analysis holds a position on one of the 10 pools that compose a multiple-award General Services Administration contract vehicle for technology platforms and services intended to support the Department of Defense’s multidomain battlespace operations. “The ASTRO award provides additional opportunities for our mission-focus...
On Tuesday, GovCon Wire Events hosted its Defense Acquisition Priorities Forum, which featured leaders across defense agencies, military branches and industry who joined in dynamic discussion to share the procurement interests, technology influences and strategic priorities driving acquisitions across the defense sector as agencies work to acceler...
Mike Petters, president and CEO of Huntington Ingalls Industries (NYSE: HII) and a previous Wash100 awardee, has been appointed chairman of the Aerospace Industries Association’s board of governors for 2022. He will also serve on the association’s executive committee along with Spirit AeroSystems President and CEO Tom Gentile, who is set...
Christian Hoff, formerly director of the federal systems integrator and solutions team at Amazon Web Services, has taken on a new role as director of AWS’ federal civilian and health group. The retired Army lieutenant colonel joined the cloud provider in 2018 after a more than 10-year career at Booz Allen Hamilton (NYSE: BAH). Hoff...
TYSONS CORNER, VA, Dec. 6, 2021 — CAES has designed and introduced a high-power radio frequency amplifier that uses custom gallium nitride packaging for enhanced heat transfer efficiency and works to provide SwaP-constrained pods, drones and other airborne systems with electronic attack capability, ExecutiveBiz reported Thursday. “Our modula...
Deloitte has entered into a deal to acquire BIAS, an information technology consultancy that helps public and private sector customers adopt Oracle (NYSE: ORCL) Cloud Infrastructure. Deloitte said Thursday that terms of the deal are confidential and the company pursued the transaction to complement its portfolio of Oracle cloud migration service off...
