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,...
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...
Terran Orbital has agreed to merge with special purpose acquisition company Tailwind Two Acquisition (NYSE: TWNT) in a transaction that would take the Boca Raton, Florida-based small satellite manufacturer public and bring its enterprise value to approximately $1.58 billion. The boards of directors of Terran Orbital and Tailwind Two have approved th...
The federal business of Microsoft (Nasdaq: MSFT) has promoted John McNiff from chief of staff to a vice president position, G2Xchange FedCiv reported Friday. In his new capacity, McNiff will oversee the delivery of software and consulting services, including the Azure cloud portfolio, to national security customers for both enterprise and mission ap...
The State Department has cleared Australia’s request to procure additional Sikorsky-built multirole naval helicopters along with related equipment and support services under a potential $985 million foreign military sales agreement. Australia intends to buy a dozen MH-60R Seahawk units as part of the country’s homeland defense and region...
Mitre executives Wilson Wang and Jay Schnitzer have assumed senior vice president roles at the McLean, Virginia-based nonprofit research company. Wang will continue to serve as chief financial officer with oversight of the company’s financial analytics, enterprise accounting, contracts and pricing, financial planning and analysis and internal audi...
John Hart, a more than 25-year GovCon industry veteran, has been named chief growth officer of Valiant Integrated Services in a string of leadership appointments at the Herndon, Virginia-based government services contractor. Hart previously worked at Peraton as vice president of business and capture for the company’s defense solutions business, Va...
Mitch Stevison, formerly a vice president at Raytheon Technologies‘ (NYSE: RTX) missiles and defense business, has been appointed executive VP and chief growth officer of Mercury Systems (Nasdaq: MRCY). He brings more than 16 years of aerospace and defense industry experience to his new position and will be responsible for driving Mercury̵...
The National Defense Industry Association has named 16 new members of its board, which includes executives from technology and service providers to the government sector. Arnold Punaro, CEO of The Punaro Group, will continue to lead the association as its chairman and Michael Bayer, president and CEO of Dumbarton Strategies, will remain in his vice...
Crestview Aerospace, a portfolio company of American Industrial Partners, has acquired machine component Kemco Aerospace Manufacturing, a machine component manufacturer that supports aerospace and defense companies. KAL Capital Markets said Tuesday it served as the investment banking adviser to Kemco, which manufactures aluminum, titanium and other ...
