New York-based private equity firm Cerberus Capital Management has agreed to pay $18.50 in cash for each outstanding share of Sparton™s (NYSE: SPA) common stock. Sparton said Wednesday its board of directors cleared the transaction, which is expected to conclude in the first quarter of calendar year 2019. Tarek Ajouz, a managing ...
Consulting firm McAleese and Associates has released a report on key takeaways from the testimony of Dana Deasy, chief information officer at the Department of Defense, at a House Armed Services Committee subpanel hearing on artificial intelligence. Deasy appeared Tuesday before the HASC emerging threats subcommittee to discuss the newly e...
Siemens‘ U.S. federal arm will support the modernization of a steam plant at Los Alamos National Laboratory in New Mexico as part of a potential 21-year, $555M energy savings performance contract from the Department of Energy. Siemens Government Technologies received a $45.8M initial task order to modernize a six-decade-old system th...
Henry Chao, a more than two-decade veteran of the Centers for Medicare and Medicaid Services, has been appointed chief technology officer at Columbia, Md.-based health information technology contractor FEI Systems. FEI said Tuesday Chao will oversee the development of service offerings for CMS and state Medicaid programs and coor...
TYSONS CORNER, VA, December 12, 2018 ” DynCorp International has again been named in an annual list of military-friendly companies in recognition of its hiring, retention and development programs for veterans and their spouses, ExecutiveBiz reported Nov. 30. The firm said Nov. 29 this is its 12th year in Viqtory‘s rost...
TYSONS CORNER, VA, December 12, 2018 ” Lockheed Martin (NYSE: LMT) has entered into a partnership with Amazon Web Services in an effort to enable customers to access satellite data and send satellite commands via the cloud even with unexpected outages or disturbances, ExecutiveBiz reported Nov. 28. The AWS Ground Station service will opera...
Tim Hascall, an executive vice president and chief operations officer at Maxar Technologies (NYSE: MAXR), will retire from his roles on Dec. 31. Jeff Guy and Jeff Robertson, who are both senior VPs at Maxar, will take on expanded roles to assume Hascall™s current responsibilities, the company said Tuesday. Guy will oversee corporate procur...
TYSONS CORNER, VA, December 11, 2018 ” CAE (NYSE: CAE) has developed a big data analytics-powered training system built on Microsoft‘s (Nasdaq: MSFT) Azure Government cloud that will work to deliver real-time assessments of pilot competencies, ExecutiveBiz reported Nov. 27. The CAE Rise platform, which is available to the defense mar...
TYSONS CORNER, VA, December 11, 2018 ” Amazon Web Services is set to jointly host a “hackathon” with Eastern Foundry as part of a Small Business Administration project to address disaster response issues and increase access to research grants in support of small businesses, ExecutiveBiz reported Nov. 26. Fedscoop reported Nov. 21 th...
Dennis Reilly, vice president of federal sales at Gigamon, has said government agencies should have the right balance of technology, people and processes to defend and protect their information technology systems from cyber threats. Reilly wrote that one of the difficult challenges facing agencies is recruiting and retaining cybersecurity profe...
