Michael Dell, chairman and CEO of Dell Technologies (NYSE: DELL), has formed a special purpose acquisition company – MSD Acquisition Corp. – that plans to raise $575 million in funds through an initial public offering, CRN reported Monday. MSD Acquisition intends to offer 50 million investment units at $10 apiece through the IPO with plans...
A shipbuilding division of Huntington Ingalls Industries (NYSE: HII) will help the U.S. Navy refuel and overhaul USS John C. Stennis supercarrier under a $2.99 billion contract that could run through August 2025. Newport News Shipbuilding will perform refueling and complex overhaul work for the second half of the estimated five-decade service life o...
The U.S. Navy has continually worked to decentralize, differentialize and digitize the service branch’s work as well as develop its talent in the field. As the Navy continues to evolve to meet the growing demands, challenges still remain. During GovConWire’s Navy: IT Transformation Forum, notable industry and federal leaders will discuss the lat...
The RAND Corp. will conduct policy research and analysis work for the Department of Defense’s acquisition and sustainment office under a potential five-year, $417 million contract from the Washington Headquarters Services. DOD said Friday the nonprofit think tank’s federally funded National Defense Research Institute will study policies ...
Starboard Value Acquisition Corp. (Nasdaq: SVAC) is negotiating a $3.4 billion deal, including debt, to merge with data center company Cyxtera Technologies, The Wall Street Journal reported Sunday. WSJ cited sources that say the merger deal could be finalized by Monday and BC Partners and Medina Capital – private equity firms that own Cyxtera R...
GeoOptics is set to begin providing commercial satellite data to the National Oceanic and Atmospheric Administration in March for numerical weather prediction efforts after the company received its first delivery order from the agency. The company said Friday it will work to deliver 1,300 radio occultations to NOAA in real time each day using its...
Suzanne White, deputy director of the Defense Intelligence Agency (DIA), recently discussed how the Intelligence Community (IC) has spearheaded new efforts to integrate emerging technologies to remain up to speed with the advancing science and technology landscape. During her keynote address at GovConWire’s IC Acquisition and Innovation Forum, Whi...
THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards Holicity, Astra Enter Into Merger Agreement; Chris Kemp Quoted Astra has agreed to merge with Holicity in a deal that would also transform the small satellite launch services provider into a publicly traded company. Alameda, California-based Astra said the transaction implies ...
Perspecta, the Chantilly, Virginia-based government technology services contractor, announced in January that it will be acquired by Veritas Capital for $7.1 billion in cash, or $29.35 per share. Veritas Capital, which holds approximately 14.5 percent of Perspecta’s outstanding shares, intends to combine Perspecta with Peraton, another governm...
Executive Mosaic is pleased to recognize Amy Gilliland, president of General Dynamics Information Technology (GDIT), as a 2021 Wash100 Award recipient, for her strong and notable leadership that helped the company secure IT modernization work with government customers. This represents Gilliland’s fourth consecutive Wash100 Award. In 2020, Gillilan...
