Vitesse Systems, a portfolio company of venture capital firm Trive Capital, has acquired Custom Microwave Inc., a provider of high-performance antennas designed for ground and space applications, for an undisclosed sum. “The proliferation of military and commercial satellites has resulted in increased demand for high performance antennas,” David...
Stephen Zhang, a nearly 13-year veteran of Raytheon Technologies (NYSE: RTX) and United Technologies Corp., has joined Virgin Orbit (Nasdaq: VORB) to serve as the launch services provider’s first vice president of investor relations. He will manage Virgin Orbit’s overall investor relations functions and advise the leadership team on matters ...
Technical and Project Engineering has appointed Debbie Gallop, formerly a vice president of NeoSystems, to serve as vice president of finance. Debbie Gallop She will oversee financial and accounting operations in her new position and will lead the implementation of Deltek’s Costpoint enterprise resource planning software for TAPE as part of her in...
Shareholders at Viasat (Nasdaq: VSAT) approved the company’s proposed acquisition of Inmarsat that is expected to conclude in the second half of 2022, pending regulatory clearances and other customary closing conditions. Richard Baldridge, president and CEO of Viasat, said in a statement released Tuesday the approval by Viasat shareholders marks t...
Arati Prabhakar, former director of the Defense Advanced Research Projects Agency and a previous Wash100 awardee, has been nominated by President Joe Biden to serve as head of the White House Office of Science and Technology Policy. If confirmed, Prabhakar will serve as Biden’s chief adviser for science and technology, a co-chair of the president...
In today’s increasingly online world, government agencies are harnessing the power of digitization and cyber capabilities to push modernization. Now, more and more critical government systems, infrastructure and operations are online — but are these components protected? Chuck Brooks, president of Brooks Consulting International and a member of ...
Jay Atkinson, formerly director and assistant general counsel for mergers and acquisitions at General Dynamics (NYSE: GD), has been promoted to vice president and general counsel of the company’s Electric Boat subsidiary. Atkinson announced his new position in a LinkedIn post published Monday. He joined the Reston, Virginia-based government co...
Leonardo DRS and Israel-based RADA Electronic Industries (Nasdaq: RADA) have agreed to merge in an all-stock transaction to form a public company focused on providing advanced sensing and force protection systems in the defense market. The boards of directors of both companies approved the deal and both parties expect to close the transaction in the...
Austal‘s ship manufacturing business in Mobile, Alabama, will design and build a medium auxiliary floating dry dock for the U.S. Navy under a potential $128.1 million firm-fixed-price contract. Naval Sea Systems Command received two offers for the project via a competitive procurement on SAM.gov, the Department of Defense said Friday. The firm...
A new McAleese & Associates report indicates that defense stock prices have spiked 18 percent to 20 percent year-to-date and outperformed the S&P 500 as sector investors react to the Russian invasion of Ukraine. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, noted investors see a 10 percent spike in Depar...
