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Arvind Krishna, senior vice president for cloud and cognitive software at IBM (NYSE: IBM), has been elected to serve as CEO and board member of the company, effective April 6. The board of directors also elected James “Jim” Whitehurst, an SVP at IBM and CEO of Red Hat, to serve as president of IBM....

Science Systems and Applications Inc. has secured a potential five-year, $425M contract to support scientific research activities within a Goddard Space Flight Center subdivision focused on hydrosphere, biosphere and geophysics. SSAI will work with the Goddard HBG subdivision toward applying observations and technology platforms to various areas of ...

Comtech Telecommunications (Nasdaq: CMTL) has agreed to buy Gilat Satellite Networks (Nasdaq: GILT) for $10.25 per share or approximately $532.5M in cash and stock. “The acquisition better positions Comtech to take advantage of key marketplace trends, particularly the growing demand for satellite connectivity and the enormous long-term opportunit...