IBM (NYSE: IBM) has agreed to buy government technology services provider Octo from Arlington Capital Partners in a move to complement Big Blue’s IT and digital transformation offerings for the federal sector. Baird served as financial adviser to Arlington and Octo on the transaction. Financial terms of the deal were not disclosed and all the...
Thomas Kennedy, former executive chairman of Raytheon Technologies (NYSE: RTX), has been appointed to the board of directors at Textron (NYSE: TXT). Textron said Wednesday the 38-year industry veteran and former Air Force captain will start his role as a board member of the Providence, Rhode Island-based conglomerate on Jan. 1. He previously led Ray...
James Lackey spent three decades serving as a civilian in the Department of Defense in various capacities. He began as a flight test engineer at Naval Air Systems Command in Patuxent River, Maryland, where he quickly ascended to a department management position. After this, Lackey was promoted to the Pentagon as a senior executive working...
The State Department has approved a pair of proposed agreements worth a combined $428 million to sell non-standard and standard military aircraft spare parts to the government of Taiwan. Taiwan’s economic and cultural representative office asked to procure accessories, spare parts and consumables for F-16, C-130 and other U.S.-manufactured air...
IBM has agreed to acquire information technology modernization and digital transformation services provider, Octo, from Arlington Capital Partners in a deal advised by Baird. The acquisition, which marks IBM’s eighth this year, is anticipated to augment the organization’s digital transformation capabilities in defense, health and civil...
When Vectrus and The Vertex Company completed their merger to form V2X in July, the enterprise’s projected pro forma revenue was approximately $3.4 billion. As the year comes to a close, V2X now has a combined backlog of over $12 billion, which is three and a half times more than early estimates anticipated. Leading the merged entity’s...
The Defense Innovation Unit has awarded Kodiak Robotics and Applied Intuition an approximately $50 million contract to build and test software prototypes intended to help the U.S. Army automate future ground combat vehicles. DIU said Tuesday the two companies were chosen for the Ground Vehicle Autonomous Pathways competition after a panel of Departm...
Serco Group’s North American subsidiary has appointed former Northrop Grumman (NYSE: NOC) executive Gator Harvey as vice president of transportation and homeland security services. He will be responsible for Serco Inc.’s operations and business development strategies in emergency management, fleet, aviation and intelligent transport serv...
The State Department has approved Poland’s request to buy from the U.S. government M1A1 Abrams main battle tanks, other vehicles and related equipment through a potential $3.75 billion foreign military sales agreement. The Defense Security Cooperation Agency said Tuesday there will be 12 prime contractors on the proposed FMS transaction, which inc...
Cydecor has purchased InnovaSystems International for an undisclosed sum as part of efforts to expand its technical capabilities and client base in the defense and national security market. The combined entity aims to offer database development, software engineering, user experience architecture, business intelligence and analytics services to help ...
