In August, the Department of Homeland Security’s science and technology directorate recently published a strategy to maximize technological opportunities from artificial intelligence and machine learning. “Through this strategy, S&T will build and apply expertise to help the department fulfill the game-changing promise of AI/ML techn...
Singapore-based ST Engineering has agreed to acquire TransCore from Roper Technologies (NYSE: ROP) for $2.68 billion in cash. Nashville, Tennessee-based TransCore develops traffic management, tolling systems and related technologies for the transportation industry and is expected to record approximately $545 million in 2021 revenue, Roper said Sunda...
NASA has awarded a pair of contracts worth $253.4 million combined to General Electric‘s (NYSE: GE) aviation subsidiary and MagniX USA to develop and demonstrate electrified propulsion systems intended for commercial aircraft. The two companies will participate in the Electric Powertrain Flight Demonstration project within a five-year period, ...
Brian Drzewiecki, a finance professional with more than two decades of industry experience, has joined Research Innovations Inc. as chief operating officer and chief financial officer. He will oversee RII’s overall business activity that covers its financial and operational planning functions, the company said Thursday. His career includes exe...
Raytheon Technologies (NYSE: RTX) has been awarded a potential $1.28 billion contract by Naval Sea Systems Command to provide full-rate production services to the Evolved Seasparrow Missile Block 2 program, a collaboration between the U.S. and several other NATO member countries. The firm-fixed-price contract has a $358 million initial value and cov...
Jacobs (NYSE: J) has received seven awards on the General Services Administration’s 10-year ASTRO acquisition vehicle for manned, optionally manned and unmanned platforms and support services. Bruce Crawford, a retired U.S. Army lieutenant general and senior vice president of strategic development at Jacobs’ critical mission solutions busine...
Raytheon Technologies (NYSE: RTX) has received a potential $362.4 million contract from the U.S. Navy to provide engineering and technical services supporting the Evolved Seasparrow Missile and NATO Seasparrow Missile Systems programs. The cost-plus-fixed-fee and cost-only contract has a base value of $105.8 million and involves purchases from the N...
Jeff Capponi, formerly a vice president at engineering company Senior PLC, has joined Cadence Aerospace to serve as senior VP of sales and marketing, and oversee brand awareness and develop promotional campaigns. Cadence, a portfolio company of Arlington Capital Partners, said Monday Capponi’s responsibilities are expected to support customer ...
TYSONS CORNER, VA, Sept. 28, 2021 — Chris Valentino, chief strategy officer at Peraton, has underscored the importance of the Department of Defense’s collaboration with the industry to support its Joint All-Domain Command and Control initiative, ExecutiveBiz reported Sept. 14. “[The industry can contribute by] helping to identify relev...
L3Harris Technologies (NYSE: LHX), Raytheon Technologies‘ (NYSE: RTX) Collins Aerospace business and Thales have been awarded $345.2 million in delivery orders to commence the full-rate production of tactical radio systems for the U.S. Army. The Army said Friday the orders fall under a pair of multiple-award indefinite-delivery/indefinite-quan...
