Data center colocation services provider Cyxtera Technologies will start trading Friday on Nasdaq after it completed its merger with blank check company Starboard Value Acquisition Corp. (Nasdaq: SVAC). Both parties first announced the $3.4 billion merger deal in February and Cyxtera said Thursday SVAC’s stockholders approved the combination durin...
The U.S. Air Force has awarded Astronautics Corporation of America subsidiary Kearfott an $82.12 million sole-source contract to repair navigation systems on B-2 Spirit heavy strategic bombers. The defense equipment manufacturer will work on the B-52 inertial measurement unit and attitude motion sensor set at its facility in Pine Brook, New Jersey, ...
Artificial intelligence technology company Shield AI has agreed to purchase Plano, Texas-based unmanned aircraft system maker Martin UAV in a strategy to integrate autonomy software into the latter’s vertical takeoff-and-landing platform for air defense applications. The two companies said Wednesday that Shield AI plans to combine its Hivemind...
Kevin Plexico, senior vice president of Information Solutions with Deltek, published his latest article as a part of Executive Mosaic’s GovCon Expert program on Thursday. 2021 Wash100 Award recipient and GovCon Expert Kevin Plexico used his first article for the program to shine a light on the major improvements that government contractors and the...
Anduril Industries has secured a potential five-year, $99 million production other transaction agreement from the Defense Innovation Unit to make its counter-unmanned aircraft systems available for purchase by service branches. The P-OT agreement allows the U.S. Army, U.S. Air Force, U.S. Navy and the U.S. Marine Corps to buy and sustain AndurilR...
TYSONS CORNER, VA, July 27, 2021 — KBR (NYSE: KBR) will provide engineering support for aircraft pilot training and electronic systems at the U.S. Navy under two recompeted task orders worth more than $120 million combined, ExecutiveBiz reported July 19. “These recompetes speak to KBR’s commitment and capability to prepare and protect ...
TYSONS CORNER, VA, July 27, 2021 — Vectrus (NYSE: VEC) will provide military installation support services to the U.S. Air Force under a pair of task orders worth $40 million combined, ExecutiveBiz reported July 16. Chuck Prow, president and CEO Vectrus and a 2021 Wash100 Award recipient, said the recent awards under the Air Force...
As government contractors continue to heavily invest in technology to better discover, research, qualify and bid on government solicitations, the know-how to successfully evolve underlying business processes is of the highest importance for the success of any technology investment. Private sector leaders must learn how to mature the capture pr...
The U.S. Army has awarded five companies approximately $299.4 million in contracts to come up with digital concept designs for the Optionally Manned Fighting Vehicle program. BAE Systems, General Dynamics (NYSE: GD), Oshkosh Defense, American Rheinmetall Vehicles and Point Blank Enterprises will participate in the concept design phase to help inform...
Shield AI has acquired Heron Systems for an undisclosed sum to further expand its artificial intelligence engineering and reinforcement learning capabilities. Heron Systems is a software company founded in 1993 and is known for developing an AI pilot that emerged undefeated against a human Air Force F-16 fighter pilot in five rounds of simulated air...
