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Dell and EMC have completed their $67 billion cash-and-stock merger to form enterprise information technology company Dell Technologies (NYSE: DVMT) that is forecast to generate $74 billion in annual revenue. Dell Technologies will run as a privately controlled IT firm and offer clients a portfolio of technology platforms in the areas...
Santa Clara, California-based computing chip maker Intel (Nasdaq: INTC) will spin off the company’s security business into a new joint venture with investment firm TPG through an estimated $4.2 billion multi-step transaction. Intel said Wednesday it will own 49 percent of the JV to be called “McAfeeR...
Executive Mosaic’s GovCon Index closed down with mix results across trading markets. Crude oil climbed to a one week high in hopes the oil producing countries can reach an agreement to limit production. The government contracting community showed little movement with prices trading in a very tight band. Market Summary Index Value Net Chan...
TYSONS CORNER, VA, Sept. 7, 2016 ” BAE Systems will form a team with Raytheon (NYSE: RTN), Daronmont Technologies and RCR Resolve FM to compete for a potential $765 million contract to modernize the radar network that supports the Australian army’s aerial and maritime surveillance efforts, ExecutiveBiz said Tues...
TYSONS CORNER, VA, Sept. 7, 2016 ” Battelle has received a $55 million contract from the Environmental Protection Agency to develop and test technologies and processes that work to prevent pollution and help restore ecosystems, ExecutiveBiz reported Tuesday. The nonprofit company said Aug. 31 the follow-on contract covers te...
TYSONS CORNER, VA, Sept. 7, 2016 ” Boeing (NYSE: BA) will work with NASA to test a new insulation system that will be used to protect the Space Launch System during its Mars exploration missions, Executive Gov reported Tuesday. The space agency said Saturday the qualification tests will focus on three types of...
TYSONS CORNER, VA, Sept. 7, 2016 ” Maximus (NYSE: MMS) will provide program management services to Idaho’s department of health and welfare under a new contract to support the Idaho Employment and Training Services Program, ExecutiveBiz reported Tuesday. The company said Tuesday it will oversee the state initiative tha...
Karen Neuman, formerly chief privacy officer at the Department of Homeland Security, has joined law firm Goodwin as privacy lead for the company’s Washington office and a partner with the privacy and cybersecurity practice. The privacy lawyer will be based at the law firm™s Washington, D.C., office and will work to advise Goodwi...
Poland has issued a formal request to the U.S. government to acquire Raytheon‘s (NYSE: RTN) Patriot integrated air and missile defense system for an undisclosed amount. Raytheon said Tuesday it will collaborate with Poland’s government and industry to help complete offset and industrial participation plans as part of&...
Seventeen companies have won positions on a potential five-year, $248.8 million contract to support the U.S. Army‘s program executive office for intelligence electronic warfare and sensors. Contractors will vie for task orders to provide acquisition, operations, program, business and technical services to PEO IEW&S, the Defe...
