Shareholders at Aerojet Rocketdyne Holdings (NYSE: AJRD) voted Tuesday to approve the company’s $4.4 billion sale to Lockheed Martin (NYSE: LMT) and both parties still expect to close the transaction in the second half of this year. Aerojet Rocketdyne said Tuesday holders of approximately 99.76 percent of its stock were in favor of the merger...
A new McAleese & Associates report noted the fourth quarter 2020 financial performance of large prime defense contractors Boeing (NYSE: BA), General Dynamics (NYSE: GD), Huntington Ingalls Industries (NYSE: HII), Lockheed Martin (NYSE: LMT). Northrop Grumman (NYSE: NOC) and Raytheon Technologies (NYSE: RTX). Jim McAleese, founder of McAleese &am...
The required waiting period for Teledyne Technologies’ (NYSE: TDY) proposed acquisition of imaging sensors developer FLIR Systems (NYSE: FLIR) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired on March 1. Teledyne said Tuesday it signed a term loan credit agreement worth $1 billion and moved to amend and restate another credit...
Executive Mosaic is honored to present Raj Iyer, chief information officer (CIO) for the U.S. Army, as a 2021 Wash100 Award recipient for driving new information technology (IT) initiatives, introducing advanced modernization priorities and preparing the service branch to compete in the future of digital warfare. This marks Iyer’s first Wash100 Aw...
Wael Mohamed, former president and chief operating officer at Trend Micro Group, has succeeded Greg Clark as CEO of network security vendor Forescout Technologies. Clark will continue to serve as co-chairman of Forescout’s board of directors and work closely with Mohamed to lead drive its “enterprise of things” defense mission, the company...
Intel (Nasdaq: INTC) will collaborate with Microsoft (Nasdaq: MSFT) on a Defense Advanced Research Projects Agency program that seeks to protect the confidentiality of encrypted information during data processing by developing an accelerator for fully homomorphic encryption. Intel said Monday it will build an application-specific integrated circuit ...
Armtec Defense Technologies will provide combustible case assemblies to the U.S. Army for 155mm propelling charges under a potential five-year, $207.7 million contract. The service branch is procuring M231/M232 modular artillery charge system cases through the firm-fixed-price contract, the Department of Defense said Friday. Army Contracting Command...
Executive Mosaic is honored to announce that John Goodman, chief executive of Accenture Federal Services, has received a 2021 Wash100 Award for advancing technology solutions, securing valuable contracts and partnering with industry and federal leaders to respond to the challenges of the COVID-19 pandemic. This marks Goodman’s fourth consecutive W...
The Defense Advanced Research Projects Agency and In-Q-Tel, the intelligence community’s investment arm, will collaborate to help 150 research teams transition ideas from laboratories to the technology production phase over the next five years through the Embedded Entrepreneurship Initiative, Nextgov reported Thursday. Through EEI, the agency ...
Northrop Grumman (NYSE: NOC) has received a potential $84.5 million contract to provide propulsion technologies and technical assistance at NASA’s Marshall Space Flight Center in Huntsville, Alabama, to support Mars exploration and sample return missions. The Mars Ascent Propulsion System award, which has a $60.2 million base value to cover a 14-m...
