Extreme weather events continue to increase in frequency and severity on a global scale, and climate change is gaining greater importance across federal government agencies’ priorities and concerns. According to the National Oceanic and Atmospheric Administration’s National Centers for Environmental Information, the U.S. has experienced at least...
BAE Systems has agreed to acquire Bohemia Interactive Simulations for an undisclosed amount in a move to expand training products and services for the defense sector. Orlando, Florida-headquartered BISim has more than 325 employees worldwide and offers game-based software platforms built to support military readiness programs, BAE said Thursday. DLA...
TYSONS CORNER, VA, Nov. 10, 2021 — BlueHalo is seeking to market counter-unmanned aerial system platforms in addition to its directed energy and perimeter security offerings following the Arlington Capital Partners portfolio company’s acquisition of San Diego-based cUAS developer Citadel Defense, ExecutiveBiz reported Monday. “The comb...
Kathleen Hicks, deputy secretary of the Department of Defense and a 2021 Wash100 Award winner, said that DOD created an adaptation plan and a risk analysis document to comply with the White House’s executive order for all agencies to take action on climate change, DOD News reported Tuesday. “These reports will help guide the department...
General Electric (NYSE: GE) has announced plans to separate into three independent public companies focused on aviation, health care and energy sectors through tax-free spinoffs. The Boston-based industrial conglomerate said Tuesday it will spin off its GE Healthcare business in early 2023 and keep a 19.9 percent stake in the health care company upo...
Viasat (Nasdaq: VSAT) has agreed to purchase British satellite services provider Inmarsat for approximately $3.9 billion in cash and stock in a strategy to offer a global hybrid network for government and enterprise communications. Carlsbad, California-based Viasat will assume $3.4 billion in Inmarsat’s net debt, bringing the total transaction...
The Department of the Treasury’s office of foreign assets control issued guidance in October to promote compliance with sanctions requirements and due diligence best practices in the virtual currency industry. OFAC said technology companies, miners, wallet providers, exchangers, administrators and other operators in the virtual currency industry p...
In its most recent Executive Spotlight interview, ExecutiveBiz sat with Pete Pflugrath, senior vice president of markets and growth at LMI, to talk about the company’s growth strategy in line with its 2025 goals and how its recent Suntiva acquisition supports its public health sector push. He also tackled LMI’s employee engagement and co...
Huntington Ingalls Industries (NYSE: HII) saw its third-quarter revenue for 2021 increase 1 percent to $2.3 billion and reported $3.65 in diluted earnings per share. The Newport News, Virginia-based shipbuilding company said Thursday it recorded $600 million in Q3 2021 new contract awards and a total backlog of about $50.1 billion as of Sept. 30....
A proposed $1.75 trillion social safety net spending and climate change bill known as the Build Back Better Act includes language that would require a 1 percent tax on stock repurchases, a provision that could have a potential impact on defense companies, Defense One reported Friday. The Build Back Better framework seeks to “stop large,...
