The Department of the Treasury’s office of foreign assets control issued guidance in October to promote compliance with sanctions requirements and due diligence best practices in the virtual currency industry. OFAC said technology companies, miners, wallet providers, exchangers, administrators and other operators in the virtual currency industry p...
Mercury Systems (Nasdaq: MRCY) has closed its purchase of Avalex Technologies, a Florida-based avionics provider to the defense and commercial sectors. Mercury first announced the deal Sept. 27 and the company said Monday it financed the acquisition using cash on hand and a revolving credit facility. Avalex is projected to generate $40 million in re...
An investor group led by private equity firms Advent International and Permira Advisers has agreed to acquire McAfee (Nasdaq: MCFE) in a transaction valued at approximately $14 billion, including debt. McAfee’s board of directors approved the transaction that is expected to be completed in the first half of calendar year 2022, pending approval by ...
Cornerstone Defense has appointed Holly Hidalgo as senior vice president of business development and growth at the Hanover, Maryland-based technical services provider. Hidalgo brings to her new position leadership experience at government contractors such as Science Applications International Corp. (NYSE: SAIC), IP Network Solutions, Cornerstone sai...
Huntington Ingalls Industries (NYSE: HII) saw its third-quarter revenue for 2021 increase 1 percent to $2.3 billion and reported $3.65 in diluted earnings per share. The Newport News, Virginia-based shipbuilding company said Thursday it recorded $600 million in Q3 2021 new contract awards and a total backlog of about $50.1 billion as of Sept. 30....
Greg Smallwood, president of Prometheus Federal Services, has been promoted to the CEO role, FedHealthIT reported Friday. He will lead the company that supports health care and social service programs for military personnel. Smallwood joined PFS in July 2019 after his prior role as principal at Atlas Research, where he oversaw the latter’s wor...
TYSONS CORNER, VA, Nov. 8, 2021 — Sigma Defense Systems has elevated Matt Jones to chief executive role, responsible for driving company efforts as it delivers integrated products and services to defense and intelligence customers, ExecutiveBiz reported. Jones took over from John Wilcox, who was appointed as executive chairman of Sigma DefenseR...
TYSONS CORNER, VA, Nov. 8, 2021 — ICF (Nasdaq: ICFI) will provide the Department of Health and Human Services with technical assistance services needed to support initiatives led by the National Human Trafficking and Technical Assistance Center and the offices of Child Care and Community Services under the Administration for Children and Families,...
U.S. Transportation Command has awarded a potential $6.18 billion contract to a KBR-led (NYSE: KBR) joint venture to help the Department of Defense’s military and civilian personnel move household goods at various locations across the globe. HomeSafe Alliance will assemble a network of services providers within the commercial moving industry t...
The State Department has cleared a $650 million foreign military sales proposal from Saudi Arabia for the procurement of Raytheon Technologies-built (NYSE: RTX) Advanced Medium Range Air-to-Air Missile systems and associated equipment. Saudi Arabia asked to buy up to 280 AIM-120C AMRAAMs and 596 LAU-128 Missile Rail Launchers along with spare and re...
