The U.S. Army has named the 12 companies that would compete for orders under the service branch’s $344.1 million live training, ranges and combat training centers support multiple award contract. The Department of Defense said Wednesday the indefinite-delivery/indefinite-quantity contract has an estimated completion date of Nov. 26, 2032. ...
Kenneth Traub, a 30-year industry veteran, has been unanimously elected executive chairman of the board of directors of Comtech Telecommunications. The global technology company said Traub, who also serves as senior executive of Comtech, will bring extensive experience in driving strategic, financial, operational and governance improvement...
Executive Mosaic’s GovCon Index ended positive after the Thanksgiving break, rising 0.5% to $5,203.60. While it was a modest 0.18% week-on-week loss from Nov. 25-29, it was the third-straight monthly loss for the index tracking the stock performances of 30 major government contractors. Its last winning month was August. Wall Street added month-end...
Intel has received up to $7.86 billion in CHIPS and Science Act direct funding from the Department of Commerce to support its semiconductor manufacturing and advanced packaging projects in Arizona, New Mexico, Ohio and Oregon. The technology company said Tuesday it will also claim a 25 percent investment tax credit from the Department of the...
Tria Federal has appointed IT executive Michael Anderson as executive vice president of public safety. Anderson brings to the role over 23 years of experience managing digital transformation programs and mission-critical operations for the government, private sector and nonprofit organizations, the company said Tuesday. Advancing Digital Transformat...
Brad Williams, a business executive with 30 years of experience, has been named senior vice president of cyber at CACI International, the executive announced his appointment on LinkedIn Monday. Williams brings extensive experience as a business professional and change agent to his new role. In his three decades in the industry, he was resp...
Private equity firm Sagewind Capital has invested in Aechelon Technology, which provides image generation software and real-time computer graphics systems for training, simulation and visualization for defense and commercial applications. Sagewind said Monday this marks its eighth platform investment in the government technology sector. Aechelon CEO...
Erin Butt, a defense industry veteran, has been appointed vice president of business development at Interactive Process Technology Associates, or IPTA. The zero trust digital transformation company said Friday Butt will spearhead the company’s corporate growth proposals and marketing. The executive will leverage her experience in bus...
The Department of Commerce is investing up to $300 million to accelerate the development of technologies to boost the semiconductor industry. The department said Thursday the three entities receiving up to $100 million in federal funding each will conduct advanced packaging research projects meant to boost innovation in semiconductor research, ...
Executive Mosaic’s GovCon Index ended higher Friday at $5,212.93 (+0.37%) as it continues to rebound from its worst weekly performance. The index, which tracks the stock performances of 30 major government contractors, advanced 1.05% for the week following positive returns since Wednesday. Wall Street’s post-election rally is over, although the ...
