San Diego, Calif.-based Cubic Corporation announced its acquisition of GRIDSMART Technologies, Inc. on Wednesday for $87M in cash, subject to customary adjustments. In 2019, GRIDSMART anticipates $25M in sales and $8M of adjusted EBITDA. Cubic expects to finance the acquisition through its existing credit facilities and predicts ...
Ronald Hahn, executive vice president of critical infrastructure protection strategies at AECOM (NYSE: ACM), has been promoted to EVP of business development for the strategic growth organization within the company™s management services group. He will oversee the engineering firm™s growth initiatives in the federal government sector, AECOM...
Preferred Systems Solutions (PSS), a portfolio company of CM Equity Partners, announced on Wednesday that Randy Morgan has been appointed as CEO and a member of the PSS Board of Directors. Jim Ballard, current CEO and member of the board, is transitioning to chairman of the board. Morgan will be responsible for growing PSS™ professional...
TYSONS CORNER, VA, January 2, 2018 ” Ed Sheehan, president and CEO of Concurrent Technologies Corp., was named in December as a member of the National Defense Industrial Association’s board of directors, ExecutiveBiz reported Dec. 12. He joined the latest batch of elected board members at the nonpartisan and nonprofit association of defen...
TYSONS CORNER, VA, January 2, 2018 ” PAE ISR has entered into an agreement to utilize Persistent Systems‘ MPU5 radio with Wave Relay mobile ad hoc networking technology on the Resolute Eagle unmanned aircraft system, ExecutiveBiz reported Dec. 19. The PAE and AOC joint venture said Dec. 18 the radio system works t...
TYSONS CORNER, VA, January 2, 2018 ” Zscaler (Nasdaq: ZS) has secured a Moderate-impact-level certification under the Federal Risk and Authorization Management Program for its government-focused internet security and web gateway technology, which is also compliant with the Trusted Internet Connections 3.0 draft policy, ExecutiveBiz re...
TYSONS CORNER, VA, January 2, 2018 ” David Young, senior vice president of strategic government at CenturyLink (NYSE: CTL), has said the extension of the deadline for agencies to transition to the Enterprise Infrastructure Solutions contract makes the program more feasible when changing contractors, ExecutiveBiz reported Dec. 11. Young sai...
Raytheon (NYSE: RTN) has received a potential $434.4M contract modification to produce and deliver lot 18 AIM-9X Sidewinder Block II missiles for the U.S. Navy, U.S. Air Force and seven foreign military sales clients. The modification covers the production of AIM-9X Block II all-up round tactical missiles, captive and special air training ...
TYSONS CORNER, VA, December 28, 2018 ” Eric Trexler, vice president of global governments and critical infrastructure at Forcepoint, has backed the creation of a cyber-focused National Guard in an effort for agencies to bolster their hiring and retention of cybersecurity workers, ExecutiveBiz reported Dec. 10. Trexler wrote in an opinion piece ...
TYSONS CORNER, VA, December 28, 2018 ” Raytheon (NYSE: RTN) has entered into an agreement with Saudi Aramco to establish a joint venture that will offer cybersecurity technologies and services to customers in Saudi Arabia and other Middle Eastern countries, ExecutiveBiz reported Dec. 17. The oil and gas company said Dec. 14 it inked a...
