Intel (Nasdaq: INTC) has agreed to acquire Tower Semiconductor (Nasdaq: TSEM) for $53 per share in cash, or approximately $5.4 billion, in a transaction that will create an end-to-end foundry to meet the increasing demand for semiconductors worldwide. The boards of the two companies have unanimously approved the deal that is expected to be completed...
Trace Systems has won a five-year, $181.6 million contract from the Defense Information Systems Agency to provide communications equipment certified by Iridium (Nasdaq: IRDM) and 24/7 help desk support to customers of DISA’s Enhanced Mobile Satellite Services program. The agency offers EMSS to the Department of Defense, other federal agencies,...
Christopher Calio, president of Pratt & Whitney since January 2020, will transition to a new role on March 1 as chief operating officer of the aircraft engine manufacturer’s parent company Raytheon Technologies (NYSE: RTX). He will oversee the four business segments of Raytheon and manage various corporate functions such as supply chain, t...
Aeyon, a portfolio company of Enlightenment Capital, has acquired Manufacturing Technical Solutions and Marick Group for an undisclosed sum as part of a push to expand its technical capabilities in support of national security and civilian missions. Aeyon CEO Sunny Singh said in a statement released Monday MTS and Marick bring complementary capabili...
Craig Halliday, CEO of Unanet, recently took part in Executive Mosaic’s latest Executive Spotlight interview with GovCon Wire to discuss Unanet’s latest acquisitions and expansion of its technical capabilities as well as the company’s growth strategy, the importance of streamlining federal acquisition and the lesser known challen...
Joseph Dunford, a retired U.S. Marine Corps general and senior managing director at Liberty Strategic Capital, has joined the board of directors of Satellogic (Nasdaq: SATL). “Drawing on his distinguished career as a national security leader, General Dunford will offer invaluable perspective and insight as Satellogic works to unlock high-resolutio...
Executive Mosaic has introduced Andy Green, president of the technical solutions division at Huntington Ingalls Industries, as a 2022 Wash100 Award recipient for his leadership in positioning the military shipbuilder for continued growth through acquisitions. This marks the fourth time that Green, who also serves as HII executive vice president, has...
A joint venture led by AECOM will provide architectural and engineering services to the Federal Emergency Management Agency’s flood and hazard risk reduction initiative under a potential five-year, $300 million contract. The Compass Production and Technical Services JV will help the agency analyze natural disaster risks in historically underse...
Leo Taddeo, formerly the chief information security officer of Cyxtera, has been named CISO of Appgate and president of its federal division. As CISO, he will lead global security operations, business continuity and crisis management functions of Appgate, which spun out of Cyxtera in 2020, the Miami-based secure access company said Monday. The newly...
In its recent Executive Spotlight interview, ExecutiveBiz spoke with Brian Frutchey, chief technology officer at BigBear.ai, to tackle the formal completion of the company’s merger with GigCapital4, the initiative for the development of cybersecurity and space capabilities, the partnerships with Redwire and Palantir Technology, as well as the robo...
