Speedcast International announced Thursday that the Committee on Foreign Investment in the United States (CFIUS) has approved the company™s $135M acquisition of Globecomm Systems. CFIUS found no unresolved national security concerns holding up the acquisition. Speedcast expects the purchase of Globecomm to finalize before the end...
Kenneth Possenriede, a more than 30-year Lockheed Martin (NYSE: LMT) veteran, has been named executive vice president and chief financial officer of the company in a move that will take effect Feb. 11. He will succeed the retiring Bruce Tanner, a 37-year company executive who served as CFO for more than a decade, Lockheed said...
TYSONS CORNER, VA, December 10, 2018 ” A General Dynamics (NYSE: GD) business unit will supply active protection system kits for the Abrams M1A2 battle tank fleet of the U.S. Army under a $58M contract, ExecutiveBiz reported Friday. The Department of Defense said Thursday the firm-fixed-price contract awarded to General...
Savneet Singh, a board member at PAR Technology (NYSE: PAR), has been appointed president and CEO of the New Hartford, N.Y.-based tech platforms provider on an acting basis. Singh™s appointment took effect on Dec. 4 after Donald Foley stepped down from his roles as CEO, president and director, PAR said Thursday. œWe are pleased to...
TYSONS CORNER, VA, December 7, 2018 ” Intel (Nasdaq: INTC) has worked with the Kentucky Transportation Cabinet and the Minnesota Department of Transportation on separate projects that leveraged automated drone technology to perform bridge inspections, ExecutiveBiz reported Thursday. The company said Wednesday its Falcon 8+ drone assisted t...
TYSONS CORNER, VA, December 7, 2018 ” Symantec (Nasdaq: SYMC) has developed a security platform that utilizes artificial intelligence with the goal to protect critical infrastructure and operational technology from cyber threats, ExecutiveBiz reported Thursday. The company said Wednesday the Industrial Control System Protection Neural...
During the 2018 Amazon Web Services re:Invent event, held Nov. 25th through Nov. 30th, Novetta participated in two cyber platform launches. The McLean, Va.- based analytics technology company assisted in the launch of the AWS Snowball Edge with a Graphic Processing Unit (GPU). Novetta was also a featured partner in the launch of the AWS Ma...
Lucy Ryan, formerly vice president of enterprise communications at Northrop Grumman (NYSE: NOC), has been promoted to corporate VP of communications in a move that takes effect Jan. 1. She will be responsible for implementing Northrop’s worldwide communications strategy in her new position and will also join its Corporate Policy Coun...
Herman Shelanski, former inspector general of the U.S. Navy, has been named vice president of business development at Huntington Ingalls Industries‘ (NYSE:HII) Newport News Shipbuilding division. The retired vice admiral will report to Newport Shipbuilding President Jennifer Boykin, the company said Thursday. œDuring his tenure, he b...
Cedric Sims, formerly president and CEO of Evermay Consulting Group, has joined Booz Allen Hamilton (NYSE: BAH) as a senior vice president within the company™s civilian services group. Sims will come up with strategies to promote integration across Booz Allen™s homeland security business in his new position, the McLean, Va.-based consultin...
