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...
GlobalFoundries will sell 55 million ordinary shares at a price of $47 apiece through an initial public offering. The New York-based semiconductor company said Wednesday it will list the shares on the Nasdaq Global Select Market under the ticker symbol “GFS” and expects the IPO to kick off Thursday, Oct. 28, and run through Monday,...
Lockheed Martin (NYSE: LMT) reported $16 billion in net sales and $614 million, or $2.21 per share, in net earnings from continuing operations during the third quarter of fiscal year 2021. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it generated $1.9 billion in Q3 cash from operations, raised its quarterly dividend to ...
Digital Management Holdings, also known as DMI, has secured a strategic investment from an affiliate of New York-based private equity firm OceanSound Partners and will use the funds to expand its geographic presence and technological offerings in support of customers’ digital transformation efforts. Established in 2002, DMI is a Bethesda, Maryland...
ExecutiveBiz spoke with Michael Conlin, chief technology officer of Definitive Logic and a previous Wash100 Award recipient, in its most recent Executive Spotlight interview published Tuesday. The executive discussed his first year as company CTO and his leadership impact on business growth, and talked about the hype surrounding artificial intellige...
Amentum has agreed to acquire PAE (Nasdaq: PAE) in an all-cash transaction valued at approximately $1.9 billion as part of efforts to establish a technology services provider serving U.S. federal agencies and allied governments. PAE’s board of directors approved the transaction that is expected to be completed by the end of the first quarter of...
Pros of Being a Government Contractor Good Compensation You will be properly compensated if you do business with the government. The government wants things done right the first time, therefore they’re willing to pay more for high-quality labor. Contractors are significantly more likely to be paid more than full-time government employees who p...
An Amyx-Alpha Omega Integration joint venture has secured a $98 million contract to help the Securities and Exchange Commission manage electronic data on security law violations. The 3A LLC JV will support information processing work for the agency’s securities inspection, examination and legal proceeding activities under the Electronic Discov...
Luciana Borio, a specialist in medical and public health, has been appointed to the board of trustees at Noblis. She develops new investment opportunities in the areas of clinical trials, biologics manufacturing and novel therapies as a venture partner for ARCH Venture Partners, Noblis said Monday. Michael Chertoff, chairman of Noblis’ board o...
Teresa Weipert, general manager of Maximus Federal, was featured in the most recent Executive Spotlight interview with ExecutiveBiz on Monday. She talked about the company’s recent contract award from federal agencies, her vision for the future of Maximus Federal and how the federal workforce could benefit from changes in telework and informat...
