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...
Matt Desch, CEO of Iridium Communications (Nasdaq: IRDM) and a four-time Wash100 winner, has been elected to serve on Unisys‘ (NYSE: UIS) board of directors beginning in January. He will bring to Unisys his experience in its core focus industries that include government, transportation and travel, the company said Wednesday. Before I...
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...
TYSONS CORNER, VA, November 19, 2018 ” An IBM-backed (NYSE: IBM) study has found that a majority of federal information technology executives foresee a shift in IT investments over the next two years, with an increasing number anticipating spending on cloud technology, ExecutiveBiz reported Oct. 16. Fedscoop reported Oct. 15 that the surve...
Charles Stark Draper Laboratory has received a $109.5M contract modification to support the U.S. Navy™s research into hypersonic guidance technologies for the common missile compartment of U.S. Columbia-class and U.K. Dreadnought-class submarines. The Defense Department said Friday Draper will also provide technical and engineering se...
Fibrotex Technologies‘ U.S. subsidiary has won a potential 10-year, $480M contract to build a multispectral camouflage system designed to mask U.S. Army personnel, installations and vehicles from radars and electro-optical sensors. Fibrotex USA is scheduled to begin full-rate production of the Ultra-Light Camouflage Netting...
TYSONS CORNER, VA, November 7, 2018 ” A Maximus (NYSE: MMS) business unit has secured a position on the special item number for contact center technologies under the General Services Administration‘s IT Schedule 70 vehicle, ExecutiveBiz reported Tuesday. The company said Monday Maximus Federal is the first awardee on SIN 132-20 ...
