Michael Niggel, CEO of Advanced Concepts and Technologies International, will continue to serve on the Professional Services Council™s board of directors for the second consecutive year. œPSC provides a forum for open dialogue between the public and private sector to address the needs of our nation, including critical national securit...
Lockheed Martin (NYSE: LMT) has received a $100.6M contract modification from the U.S. Air Force to design, develop, integrate and test subsystem design changes for the extended range variant of the Joint Air-to-Surface Standoff Missile system. The project will center on the JASSM-ER wings and chines and work under the modification is scheduled...
Andover, Mass.-based military electronics provider Mercury Systems (Nasdaq: MRCY) has acquired GECO Avionics for approximately $36.5M cash. Mercury said Tuesday it funded the acquisition and related transaction expenses through an existing revolving credit facility. GECO produces mission processors, aviation networking ...
TYSONS CORNER, VA, January 29, 2019 ” The Potomac Officers Club ” a division of Executive Mosaic ” will be hosting the 2019 Artificial Intelligence Summit on Feb. 13 at the Hilton-McLean in McLean, Va. Dana Deasy of the Department of Defense, Dawn Meyerriecks of the CIA and Dean Souleles of the Offic...
A new McAleese & Associates report says the partial government shutdown has temporarily halted after President Donald Trump signed on Friday a continuing resolution to fund agencies through Feb. 15. Jim McAleese, founder and principal at McAleese & Associates, wrote in the report that public attention is now focused on the expirati...
A new PwC report says the value of mergers and acquisitions in the aerospace and defense sector worldwide reached $57.8B in 2018, reflecting a 19 percent drop from the previous year. Despite the decline, PwC said the deal value in 2018 was 83 percent higher than the 10-year average and the third largest in history. The global A&a...
Tom Emert, formerly a senior client executive at Oracle (NYSE: ORCL), has joined LexisNexis Risk Solutions as director for federal business development, G2Xchange ETC reported Wednesday. He will work with federal clients to help them assess potential risks, thwart fraud and deliver services to people in the U.S. Prior to Oracle, Emert...
The U.S. Navy has awarded 19 companies spots on a potential seven-year, $12.6B contract vehicle for aircraft maintenance and logistics support services. The Contracted Maintenance, Modification, Aircrew and Related Services program covers logistical support for Navy and Air Force rotary-wing and fixed-wing aircraft, unmanned aerial vehicles, subsyst...
Chantilly, Va.-based technology integrator VT Group has purchased National Technologies Associates for an undisclosed sum in a move to expand its portfolio of sustainment services and command, control, communications, computers, intelligence, surveillance and reconnaissance platforms for defense clients. œNTA shares the VT Group passion for eng...
Consulting firm McAleese & Associates has released a report on Navy Secretary Richard Spencer‘s speech at the Surface Navy Association’s Annual National Symposium. Spencer, a 2019 Wash100 winner, said at the SNA event that the Navy needs a sense of urgency and to ramp up speed and rate of change to address the œreadine...
