A Wells Fargo Securities report says IBM (NYSE: IBM) is scheduled to release on Tuesday its fourth-quarter results for 2018 and initial guidance for 2019. According to the report released Friday, shareholders of Red Hat (NYSE: RHT) approved a deal for IBM to acquire the Raleigh, N.C.-based software company for approximately $34B or $190 in cash...
David Johnson, a 36-year veteran of the U.S. Navy, has joined L3 Technologies (NYSE: LLL) senior vice president of strategy for the company™s communications and networked systems business segment. L3 said Tuesday the retired vice admiral will oversee the segment™s business development, systems engineering, initiatives and program...
Donald DiFrisco, former CEO of International Surveillance Technology, has been named president of Telecommunications Support Services — a portfolio company of Acorn Growth Companies and provider of technical services to the defense electronics sector. DiFrisco said in a statement released Tuesday he aims to continue TSSR...
TYSONS CORNER, VA, January 15, 2018 ” Leidos (NYSE: LDOS) will work to build a submarine-based acoustic device designed to counter torpedo threats, under a potential $36M contract from the U.S. Navy, ExecutiveBiz reported Friday. The company said Thursday the Naval Sea Systems Command awarded the contract for the development and testing of...
Daniel Jablonsky, formerly president of Maxar Technologies™ (NYSE: MAXR) DigitalGlobe subsidiary, has been named president and CEO of the parent company. Jablonsky succeeds Howard Lance, who has stepped down from his roles at Maxar, the company said Monday. œDan’s experience as president of DigitalGlobe, after previously serving...
Smiths Detection has received a potential $291M contract from the Department of Homeland Security to supply a checkpoint technology designed to detect radiation emitting materials. The company said Monday it will provide radiation portal monitors to the DHS’ Office of Countering Weapons of Mass Destruction under the indefinite-delive...
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 ...
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 ” 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...
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...
