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TYSONS CORNER, VA, Feb. 10, 2022 — Mike Barthlow has joined the U.S. government-focused business arm of BT Group to serve as its president and CEO, responsible for the overall strategic growth efforts of BT Federal, ExecutiveBiz reported. He has over 25 years of senior experience in communications, technology and infrastructure and is the former...
During the Potomac Officers Club’s 8th Annual Defense Research and Development Summit Wednesday, some of the top defense sector leaders from government and industry joined to share their insights on the Department of Defense’s most pressing R&D priorities, strategies and technology innovations in today’s ever-evolving defense and comb...
Mac Curtis, former chairman of the board, president and CEO of Perspecta and a seven-time Wash100 Award winner, has joined San Diego-based defense and transportation contractor Cubic as chairman of the board. Stevan Slijepcevic, most recently president of electronic solutions at Honeywell’s (Nasdaq: HON) aerospace business, has been named presiden...
Matt Cole was appointed as Idemia‘s group executive vice president of its public security and identity business and will be responsible for managing the unit as it provides governments and organizations with identity technologies and expertise in biometrics and artificial intelligence. Pierre Barrial, president and CEO of Idemia, said in a sta...
Eight companies have received contract modifications worth $2.4 billion combined to provide prototype development, sustainment and production support services to the Department of the Air Force. Work will occur in New Jersey, California, Virginia, Utah, Pennsylvania and Iowa through Jan. 9, 2028, the Department of Defense said Wednesday. The modific...
Veritas Capital and Evergreen Coast Capital, an affiliate of Elliott Investment Management, have closed the acquisition of Cubic for approximately $3 billion. Cubic said Tuesday it will remain headquartered in San Diego and stop trading on the New York Stock Exchange under the go-private transaction. Cubic stockholders approved an amended buyout off...
Stockholders at Cubic (NYSE: CUB) voted Tuesday to approve an amended buyout offer of Veritas Capital and Evergreen Coast Capital, an affiliate of Elliott Investment Management. Holders of approximately 70.3 percent of Cubic’s shares issued and outstanding as of March 18 voted in favor of the merger agreement, Cubic said Tuesday. In late March, Cu...
Cubic (NYSE: CUB) has agreed to be acquired by Veritas Capital and Evergreen Coast Capital, an affiliate of Elliott Investment Management, for approximately $3 billion, or $75 in cash per share under a revised proposal. The all-cash transaction includes the assumption of debt and Cubic said Wednesday its board considered the revised offer of Singapo...
Singapore-based ST Engineering decided to increase its offer to acquire Cubic (NYSE: CUB) from $76 to $78 in cash per share after Veritas Capital and a private-equity arm of Elliott Management raised their bid for the San Diego-based defense and transit technology company from $70 to $72 a share, The Wall Street Journal reported Monday....
Cubic (NYSE: CUB) has received an unsolicited offer from Singapore-based ST Engineering to buy the San Diego-based company’s outstanding stock for $76 in cash per share. Cubic said Monday the latest proposal would be “superior” to a buyout offer from Veritas Capital and Evergreen Coast Capital, an affiliate of Elliott Investment Manageme...
