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 ...
Paeonian Springs, Virginia-based navigation and sensor module provider Inertial Labs has acquired Memsense, which develops inertial measurement units designed for aerospace and defense platforms. Inertial Labs said the combined entity aims to introduce new products in the areas of GPS-denied navigation, industrial machines and autonomy. The two comp...
Jill Albertelli, formerly the senior vice president of transformation and strategy at Raytheon Technologies’ (NYSE: RTX) Pratt & Whitney business, has been named president of the subsidiary’s military engines organization. She succeeds Matthew Bromberg, who has held the role since 2017 and led F135 engine program implementation efforts f...
Battelle has won a $9.8 million indefinite-delivery/indefinite-quantity contract from the U.S. Air Force to support computational and experimental chemistry and computer modeling activities over a six-year period. The Columbus, Ohio-headquartered research and development organization will help the military service know the reaction rates for chemica...
Global aircraft equipment manufacturing company Safran is in exclusive negotiations over a possible acquisition of Orolia from investment group Eurazeo in a strategy to establish a global presence in the positioning, navigation and timing products market. The companies are eyeing a mid-2022 completion date for the planned combination if regulatory b...
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 “...
Fairfax, Virginia-based Information Analysis Inc. (Nasdaq: IAIC) will combine its professional services business with Tellenger, an IAI subsidiary that offers information technology consulting and software development services to the federal sector. The reorganization initiative will provide Tellenger its own advisory board, which IAI President Stan...
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...
PAE (Nasdaq: PAE) and Amentum are expected to carry on with their planned merger after the Falls Church, Virginia-based defense and government services contractor did not secure an alternative acquisition offer during the go-shop period that expired Monday. Germantown, Maryland-based Amentum agreed to buy PAE in an all-cash deal worth approximately ...
In its most recent Executive Spotlight interview, ExecutiveBiz spoke with Robert Dapkiewicz, general manager and senior vice president of federal at MetTel, about the company’s Global Cloud Network, the long-term impact of SASE architecture on federal network capabilities as well as intelligent process automation, data analytics and business intel...
