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...
Information technology provider CDW (Nasdaq: CDW) has closed its approximately $2.5 billion cash purchase of Sirius Computer Solutions from private investment firm Clayton, Dubilier & Rice. CDW said Thursday it expects the transaction to help grow the company’s IT portfolio for the government and business enterprise sectors in the areas of...
Northrop Grumman, Blue Origin and Nanoracks have received contracts worth $415.6 million combined from NASA to design space-based facilities for low Earth orbit. The Space Act Agreements come as the agency is looking to retire the International Space Station and transition to newer commercially developed facilities that could be accessible to both p...
Launch services provider Rocket Lab USA (Nasdaq: RKLB) has completed its stock-and-cash acquisition of Silver Spring, Maryland-based spacecraft separation technology developer Planetary Systems Corp. The transaction — which was first announced in November — comprises $42 million in cash, 1.72 million shares from Rocket Lab’s common...
Dev Kalyan, former chief clinical transformation officer and chief growth officer of OptumServe, has assumed the CGO role at B3 Group. He will be responsible for B3 Group’s customer engagement initiatives aimed at helping federal enterprise customers implement processes around data governance, cybersecurity, program management and functional ...
