On Tuesday, the Potomac Officers Club hosted its third Data-Driven 2021 Series event, The Cost of AI, during which eminent government agency and industry leaders joined together to discuss the budgetary implications, potential disruption scenarios, opportunities and challenges inherent in integrating innovative artificial intelligence solutions as...
Mercury Systems (Nasdaq: MRCY) has closed its purchase of Avalex Technologies, a Florida-based avionics provider to the defense and commercial sectors. Mercury first announced the deal Sept. 27 and the company said Monday it financed the acquisition using cash on hand and a revolving credit facility. Avalex is projected to generate $40 million in re...
A proposed $1.75 trillion social safety net spending and climate change bill known as the Build Back Better Act includes language that would require a 1 percent tax on stock repurchases, a provision that could have a potential impact on defense companies, Defense One reported Friday. The Build Back Better framework seeks to “stop large,...
The State Department has cleared a $650 million foreign military sales proposal from Saudi Arabia for the procurement of Raytheon Technologies-built (NYSE: RTX) Advanced Medium Range Air-to-Air Missile systems and associated equipment. Saudi Arabia asked to buy up to 280 AIM-120C AMRAAMs and 596 LAU-128 Missile Rail Launchers along with spare and re...
Raytheon Technologies (NYSE: RTX) has secured an approximately $150.2 million contract to expand and modernize the British air force’s fleet of intelligence, surveillance, target acquisition and reconnaissance aircraft. The U.K. defense ministry said Wednesday the company will deliver two planes to increase the current six-aircraft fleet for I...
Baird is scheduled to hold its Government and Defense Conference on Nov. 17, a hybrid in-person and virtual event that will feature presentations from the GovCon community. The annual conference involves discussions of industry trends and market outlook and offers a networking opportunity for leaders from the worlds of business and government. Prese...
Dawn Eilenberger, a more than 35-year intelligence community veteran, has been appointed to the board of directors of Concurrent Technologies Corp. Eilenberger currently works as a research contractor for the CIA Center for the Study of Intelligence, CTC said Tuesday. Her government career involved management responsibilities for legal, policy, fina...
Jay Bokulic, a VMware executive most recently focused on national security accounts, has taken on a new role as senior director of federal strategic programs at the virtualization technology provider, FedHealthIT reported Tuesday. Bokulic will oversee business development efforts that support VMware’s strategic programs in the federal market a...
Procentrix, a Herndon, Virginia-based information technology modernization platforms provider, has partnered with and secured a capital investment from Macquarie Group’s principal investment and advisory arm. “This partnership will help Procentrix significantly expand its capabilities, customer base and enable us to pursue new growth avenues,”...
Thomas Whayne, formerly the chief financial officer of broadband company OneWeb, has been added to the C-level executive team at Maxar Technologies (NYSE: MAXR) where he will serve as chief strategy officer. The executive will help Maxar drive growth by supporting the company’s corporate strategy and development, strategic investments and merg...
