The Federal Aviation Administration has awarded several companies contracts worth more than $100 million combined to build technologies that could help reduce aircraft’s fuel consumption, noise and emissions. FAA said Friday the awards are part of the third phase of the agency’s Continuous Lower Energy, Emissions and Noise program, a public-priv...
Red Cat Holdings (Nasdaq: RCAT) has completed its purchase of Utah-based unmanned aircraft system manufacturer Teal Drones in an effort to expand into the military sector and pursue business growth opportunities. Following the closure of the all-stock acquisition deal, Red Cat will add Teal to its enterprise segment that also covers remote inspectio...
Joshua Frank, founder and managing partner of RSM Federal, is set to discuss his perspectives on the government contracting business, during ExecutiveBiz’s fireside chat session TODAY at 2 p.m. Eastern time. The three-decade GovCon market veteran authored the book “An Insider’s Guide to Winning Government Contracts: Real World Strategi...
Five companies have been awarded contracts to help NASA identify strategies to reduce the risk and cost of a potential future demonstration of subsonic transport aircraft technologies. The agency chose Boeing (NYSE: BA), Raytheon Technologies (NYSE: RTN), General Electric (NYSE: GE), Blended Wing Aircraft and ROHR to support the Future Subsonic Demo...
Leonardo‘s U.S. defense subsidiary has purchased Ascendant Engineering Solutions, a producer of gimbals that allow sensors or cameras to rotate and change direction, in a move to offer integrated sensing platforms in the domestic military sector. Arlington, Virginia-based Leonardo DRS said Thursday it plans to combine its electro-optical and i...
Raymond Karrenbauer, a veteran of the insurance and information technology sectors, has joined the Cybersecurity Maturity Model Certification Accreditation Body as executive vice president and chief financial officer. He will oversee the technology portfolio, business operations and financial accounts of the organization responsible for managing CMM...
Drone technology and service provider Red Cat Holdings (Nasdaq: RCAT) has entered into an all-stock deal to acquire Teal Drones, a Utah-based manufacturer of unmanned aircraft systems for government and military applications. Puerto Rico-based Red Cat said Tuesday that Teal will tie up with the former’s enterprise group that offers the Skypers...
Jared Shepard, CEO of Hypori, was featured on Monday in the latest Executive Spotlight interview with ExecutiveBiz to discuss the recent Series A investment from GreatPoint Ventures, the benefits it will have on Hypori. Shepard also spoke with ExecutiveBiz about the impact of bring-your-own-device (BYOD) environments, the demand for zero-trust...
Prachi Sukhatankar, vice president of technology solutions with Amentum, was featured on Thursday in the latest Executive Spotlight interview with ExecutiveBiz. During the discussion, Sukhatankar discussed the company’s technology strategy including common challenges, business alignment, key initiatives and innovation. She also discussed how...
This past Wednesday, Potomac Officers Club (POC) hosted its 2021 CMMC Forum to provide the government contracting (GovCon) and federal sector’s members his overview and vision of the CMMC Rollout as well as the top priorities for the board and how industry feedback will help to improve the vision behind how the organization develops for the...
