Global private equity firm H.I.G. Capital has agreed to acquire Reston, Virginia-based government information technology services provider NCI (Nasdaq: NCIT) for approximately $283 cash, or $20 per share. NCI said Monday its board of directors unanimously approved the proposed sale and that founder and Chairman Charles Narang will tender all of...
Weekly Roundup June 26 – June 30 2017 A Note From Our President & Founder Jim Garrettson This week we saw the unveiling of the House Armed Services Committee™s $696.5 billion defense authorization bill. The draft, titled 2018 National Defense Authorization Act (NDAA), was revealed on the 26th and asks for $28.5 billion more than ...
Boeing (NYSE: BA) has opened a Plano, Texas-based facility to serve as headquarters of its newly established global services business unit. Boeing Global Services integrates the services functions of the company™s government, commercial and space segments and will focus on the delivery of services in the areas of engineering, digital aviat...
Huntington Ingalls Industries (NYSE: HII) has received two contract modifications worth a combined $437.5 million from the U.S. Navy to support an engineered overhaul of a Los Angeles-class submarine and construction of a San Antonio-class amphibious transport dock. HII will execute maintenance, repair, routine and test work on the&nb...
TYSONS CORNER, VA, June 30, 2017 ” Maximus (NYSE: MMS) will work with Interactions to deliver a virtual assistant technology offering for the federal market that will work to engage with people who access government services, ExecutiveBiz reported Tuesday. The Maximus Intelligent Assistant powered by Interactions’ Adaptive Under...
The House Appropriations Financial Services and General Government Subcommittee passed its 2018 appropriations bill via voice vote Thursday afternoon. The bill does not offer an alternative to President Donald Trump™s 1.9 percent raise offered in his budget proposal, which means federal employees have cleared a hurdle to receiving a p...
The State Department has approved Taiwan™s request to buy missiles, torpedoes and related components as well as operations and maintenance support for the East Asian state™s surveillance radar program under seven foreign military agreements worth approximately $1.36 billion combined. Taiwan requested to purchase follow-on sustainment servi...
https://www.youtube.com/watch?v=OI7b8uI2x-s In early 2017, the NATO Strategic Communications Centre of Excellence held a one-day event inviting participants to come up with ideas to detect fake news. The gathering in Riga (Latvia) attracted 28 people from various backgrounds such as coders, journalists and statisticians. The winning idea was a Faceb...
Lockheed Martin (NYSE: LMT) has received a potential three-year, $257.8 million contract modification from the U.S. Navy to supply alternate mission tools, pilot flight equipment and red gear to support the low rate initial production of lot 10 F-35 Lightning II fighter jets. The firm-fixed-price modification covers purchase...
TYSONS CORNER, VA, June 28, 2017 ” Battelle will work to support the U.S. Army‘s Tank Automotive Research, Development and Engineering Center in efforts to address sustainment challenges associated with military support technologies under a $20 million contract, ExecutiveBiz reported Tuesday. The company said Monday it will...
