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General Electric (NYSE: GE) has announced plans to separate into three independent public companies focused on aviation, health care and energy sectors through tax-free spinoffs. The Boston-based industrial conglomerate said Tuesday it will spin off its GE Healthcare business in early 2023 and keep a 19.9 percent stake in the health care company upo...
Rick Johnson, a more than two-decade financial and accounting professional, has joined IntelliBridge as chief financial officer. He will bring to the McLean, Virginia-based technology services contractor his expertise in corporate financial analysis, project lifecycle management and M&A due diligence and integration, IntelliBridge said Thursday....
Rockville, Maryland-based Library Systems & Services has purchased the federal business of information services vendor LAC Group for an undisclosed sum in a move to expand LS&S’ work with the government. The two companies have complementary library and data management offerings for the public sector and provide support to U.S. national...
Rich Wilkinson, director of product marketing for Unanet and a GovCon Expert, has published the latest article as a member of Executive Mosaic’s GovCon Expert program on Tuesday. Previously, Wilkinson explored how the COVID-19 pandemic has impacted the professional services industry and how these firms will be able to adapt to the new “work f...
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...
