Singapore-based ST Engineering decided to increase its offer to acquire Cubic (NYSE: CUB) from $76 to $78 in cash per share after Veritas Capital and a private-equity arm of Elliott Management raised their bid for the San Diego-based defense and transit technology company from $70 to $72 a share, The Wall Street Journal reported Monday....
Raytheon Technologies (NYSE: RTX) has received a $518.4 million contract to manufacture lot 34 Advanced Medium Range Air-to-Air Missiles and associated systems for U.S. and international defense customers. The basic award from the Air Force Life Cycle Management Center in Florida will include the production of AMRAAM captive air training missiles. t...
Citizen engagement software provider Rock Solid Technologies has acquired PrimeGov for an undisclosed sum in a move to create an integrated technology offering that includes the latter’s public meeting participation and agenda management platform for local government clients. Tom Spengler, executive chairman of PrimeGov, will lead the merged o...
Huntington Ingalls Industries (NYSE: HII) will continue engineered overhaul work on USS Columbus, a nuclear powered fast attack submarine in the U.S. Navy’s Los Angeles class. under the potential $194.5 million contract modification. HII’s Newport News Shipbuilding division in Virginia will receive nearly $191 million at the time of awar...
The Potomac Officers Club’s 3rd Annual Artificial Intelligence Summit will feature Yll Bajraktari, executive director of the National Security Commission on Artificial Intelligence, as opening keynote speaker; Sue Gordon, former principal deputy director of national intelligence, as midday keynote speaker; and Lt. Gen Michael Groen, director o...
George Nungesser, program manager for Arleigh Burke-class destroyers at Huntington Ingalls Industries‘ (NYSE: HII) Ingalls Shipbuilding division, has been promoted to vice president of program management within the same business. His promotion is effective April 1 and he will be the principal liaison to U.S. Navy and Coast Guard customers in h...
Cubic (NYSE: CUB) has received an unsolicited offer from Singapore-based ST Engineering to buy the San Diego-based company’s outstanding stock for $76 in cash per share. Cubic said Monday the latest proposal would be “superior” to a buyout offer from Veritas Capital and Evergreen Coast Capital, an affiliate of Elliott Investment Manageme...
General Dynamics’ (NYSE: GD) Electric Boat subsidiary has received a potential $2.42 billion contract modification from the U.S. Navy to build one Block V Virginia-class submarine equipped with Virginia Payload Module. Electric Boat will continue to work with Huntington Ingalls Industries‘ (NYSE: HII) Newport News Shipbuilding division on th...
Executive Mosaic is proud to introduce DeEtte Gray, president of business and information technology solutions for CACI International, as a recipient of the highly coveted Wash100 Award for the fifth year in the prestigious eight-year history of the award. This also marks the second consecutive year that Gray has received a Wash100 Award for her...
Executive Mosaic is honored to announce Tony Frazier, executive vice president of Global Field Operations at Maxar Technologies, as a recipient of the 2021 Wash100 Award. This marks the fifth time that Frazier has received the most prestigious award in all of government contracting (GovCon). His leadership in helping defense and intelligence custome...
