Plymouth, Michigan-based optical technology supplier EOTech has bought Intevac‘s (Nasdaq: IVAC) photonics unit for approximately $100 million in upfront cash and future earnout payments. Intevac said Monday it also negotiated a six-month transaction service agreement with EOTech and intends to focus on the thin-film equipment market following ...
Italy-based aerospace and defense contractor Leonardo has acquired a 25.1 percent stake in German sensor manufacturer Hensoldt for approximately $685 million in cash. Leonardo said Monday it expects the transaction to help expand its presence in the European defense electronics market, particularly in the German defense sector, and strengthen the pa...
Centene (NYSE: CNC) has secured all required regulatory clearances to complete its acquisition of Magellan Health (Nasdaq: MGLN) and both parties expect the transaction to close on Jan. 4, Tuesday. “Our combined company will have expanded reach in a variety of specialty services and will provide increased access to behavioral health care during a ...
ExecutiveBiz featured John Wasson, CEO of ICF and a two-time Wash100 Award recipient, in its most recent Executive Spotlight interview published Thursday. He talked about the company’s growth driven by key acquisitions, focus on public health and more. Here’s an excerpt from the interview with Wasson discussing ICF’s acquisition of ESA...
TYSONS CORNER, VA, Jan. 03, 2022 — Michael Buscher has joined UAV Factory to serve as chief strategy officer and help lead the unmanned aerial vehicle manufacturing company’s merger with Jennings Aeronautics, ExecutiveBiz reported Dec. 29. “It’s truly exciting to be part of an organization committed to innovation and possessing a vision ...
Corey Frayer, formerly a senior professional staff member of the Senate Banking Committee, has joined the Securities and Exchange Commission to advise SEC Chairman Gary Gensler on cryptocurrency-related policy and interagency matters. SEC announced Thursday the appointment of Frayer to a senior advisory role and three legal professionals to operatio...
NASA Administrator Bill Nelson announced Friday that the current administration will extend through 2030 the operations of the International Space Station. “The United States’ continued participation on the ISS will enhance innovation and competitiveness, as well as advance the research and technology necessary to send the first woman and fi...
Oscar Montes, CEO of Magellan Federal, recently spoke with GovConWire to discuss the Hidden Helpers Coalition, an organization created by the Elizabeth Dole Foundation to showcase untold stories of military caregivers who care for a wounded, ill, or injured service member or veteran, seeking to provide solutions for the nation’s hidden heroes. D...
Virgin Orbit is set to kick off trading Thursday, Dec. 30, on Nasdaq after it completed its merger with blank check company NextGen Acquisition Corp. II (Nasdaq: NGCA). Shareholders at special purpose acquisition company NextGen approved the business combination on Tuesday and the combined entity will operate as Virgin Orbit Holdings and list its co...
Robert Carey, president of Cloudera’s government solutions business, said agencies seeking to advance their capability to deliver on missions should understand the importance of connecting cloud, data management and artificial intelligence strategies. “By linking all three efforts, the government can leap ahead in terms of efficiency and effecti...
