Rick Sabol, a more than three-decade industry veteran, has joined VTG as a senior vice president with responsibility for programs supporting the U.S. Navy. He joins the Virginia-based naval engineering company after his previous role as SVP of operations at Science Applications International Corp.‘s (NYSE: SAIC) defense systems group, VTG said...
The Potomac Officers Club hosted the third installment of its Data-Driven 2021 Series, The Cost of AI, on Tuesday, which brought together public and private sector leaders to discuss how federal government agencies must plan for budget changes, potential technology disruptions and strategy shifts as they work to integrate innovative artificial inte...
Lisa Starkweather, formerly the director of programs at Cyber Defense Technologies, has joined Virginia-based security consulting firm Avint as chief operating officer. She will be responsible for the day-to-day operations of Avint’s business that aims to help federal customers secure cyber and physical systems, the company said Wednesday. Sta...
TYSONS CORNER, VA, Nov. 10, 2021 — BlueHalo is seeking to market counter-unmanned aerial system platforms in addition to its directed energy and perimeter security offerings following the Arlington Capital Partners portfolio company’s acquisition of San Diego-based cUAS developer Citadel Defense, ExecutiveBiz reported Monday. “The comb...
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...
