CEOs from six cryptocurrency companies testified before the House Financial Services Committee Wednesday calling on Congress to come up with clearer and bespoke regulations on the virtual currency, Reuters reported. “Without tailored legislative solutions that are openly debated with public participation, the United States risks unnecessarily ...
BigBear.ai has completed its merger with special purpose acquisition company GigCapital4 to create a new entity that will trade on the New York Stock Exchange starting Wednesday and help customers make decisions with the use of artificial intelligence technology. The combined business will operate as BigBear.ai Holdings and the transaction gives it ...
On Tuesday, GovCon Wire Events hosted its Defense Acquisition Priorities Forum, which featured leaders across defense agencies, military branches and industry who joined in dynamic discussion to share the procurement interests, technology influences and strategic priorities driving acquisitions across the defense sector as agencies work to acceler...
Artificial intelligence company Torch.AI has acquired The DataTech Group for an undisclosed sum to provide further support to data processing efforts in the government sector with the use of technology. Illinois-based DataTech offers an information technology platform for public and private sector customers to plan, analyze and manage organizational...
An investment affiliate of J.F. Lehman & Co. has purchased an L3Harris Technologies (NYSE: LHX) division that manufactures radio frequency and microwave technologies for both defense and commercial applications. The private equity firm said Tuesday it bought Narda-MITEQ division assets that were part of L3Harris’ aviation systems segment a...
Chuck Hicks, chief operating officer and chief financial officer at NCI, was featured in the most recent Executive Spotlight interview with ExecutiveBiz on Monday. He talked about fostering partnerships and NCI’s growth through contract awards, the technological innovation and AI implementation challenges as well as the company’s accompl...
Shareholders at special purpose acquisition company GigCapital4 approved Friday the proposed combination with BigBear.ai and both parties expect the transaction to close Tuesday, Dec. 7. The combined entity will operate as BigBear.ai Holdings and is set to list its common stock and warrants on the New York Stock Exchange using the ticker symbols “...
Satellite imagery provider Planet Labs expects to complete its pending merger with dMY Technology Group (NYSE: DMYQ) on Tuesday and receive post-closure proceeds of approximately $590 million. Shareholders at the special purpose acquisition company voted Friday to approve the combination of the two companies, which will subsequently do business as P...
Jennie Reilly, an executive with two decades of human resources experience, has joined Comtech Telecommunications (Nasdaq: CMTL) to serve as vice president of HR and drive the communications technology company’s talent strategy implementation and other related initiatives. Reilly, whose appointment will be effective Dec. 13, previously worked ...
Christie Thomas, vice president of contracts and pricing at Huntington Ingalls Industries’ (NYSE: HII) Newport News Shipbuilding division since 2018, has been appointed to serve as corporate vice president of investor relations starting Jan. 1. She will succeed Dwayne Blake, who will retire at the start of 2022 after nine years in the job, the...
