Shareholders at blank check company NextGen Acquisition Corp. II (Nasdaq: NGCA) approved Tuesday the proposed merger with Virgin Orbit and both parties expect the transaction to close before the end of December. The combined entity will adopt the name Virgin Orbit Holdings and trade on Nasdaq under the ticker symbol “VORB” upon closing of the...
Teleperformance has acquired Kentucky-based business process outsourcing company Senture from investment firm Kingswood Capital Management for approximately $400 million. Eighty percent of sales at Senture come from the company’s business unit that provides contact center support services to federal, state and local governments, Teleperformanc...
Lockheed Martin (NYSE: LMT) has received a one-year, $492.7 million contract modification to provide logistics support for F-35 aircraft systems that have been delivered to U.S. military and foreign military sales customers. The award to Lockheed’s aeronautics segment covers work to operate and maintain an automatic logistics information syste...
Accenture‘s (NYSE: ACN) federal services business has secured an $87 million contract to help the U.S. Patent and Trademark Office update information technology applications that support the agency’s trademark filing and registration process. Accenture Federal Services will assist the USPTO Office of the Chief Information Officer in efforts ...
Matt Zeiler, founder and CEO of Clarifai, said government agencies looking to streamline the training and deployment of artificial intelligence models should adopt a turnkey AI technology platform that can scale in response to their needs. AI “needs to continually get smarter by interacting with real-world data,” Zeiler wrote. “That’s why ce...
TYSONS CORNER, VA, Dec. 28, 2021 — Cognosante will work over a potential 10-year period to implement and maintain Enterprise Cloud Fax services across the Department of Veterans Affairs under a $110 million task order, ExecutiveBiz reported Dec. 16. Erick Peters, chief technology officer at Cognosante, said the company’s engineering, develop...
Castellum has signed a letter of intent to buy an East Coast-based government contractor with an annual revenue of $4 million. Castellum said Monday it expects the transaction to close in the first quarter of calendar year 2022, subject to the execution of a definitive purchase agreement, due diligence and other customary closing conditions. Mark...
ExecutiveBiz featured Victor Leviste, vice president of strategy and business development with CAES, in its most recent Executive Spotlight interview published Monday. He shared his growth strategy, the company’s push into space technology, satellites constellations and other new markets, as well as the upcoming launch of the CAES Additive Man...
A federal district court judge in Florida issued Wednesday a temporary injunction against the Biden administration’s vaccination mandate for federal contractors, The Daily Wire reported Sunday. “The extent of any absenteeism attributable to COVID-19 among contractors and subcontractors is unexplained,” Judge Steven Merryday of the U.S. Distric...
Raytheon Technologies (NYSE: RTX) has received a $250 million award that increases the potential value of its contract with the U.S. Air Force to incorporate baseline engineering changes into the StormBreaker glide bomb system baseline. The sole-source contract calls for Raytheon Missiles and Defense to design, develop, integrate, test and engineer ...
