Comtech Telecommunications (Nasdaq: CMTL) has wrapped up its acquisition of TeleCommunication Systems for approximately $430.8 million in cash. TCS stockholders secured cash of $5.00 per share as the company’s common stock ceased trading on the Nasdaq Global Market at market close Tuesday following the completion of the purchase, Com...
The Federal Trade Commission has given Dell the green light to continue its approximately $67 billion cash-and-stock acquisition of enterprise data storage company EMC (NYSE: EMC). FTC approved the potential EMC-Dell combination after a 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired Monday, EMC said Tuesday...
Manhattan Construction has won a $149.9 million contract to construct a U.S. Army building in Fort Belvoir in Virginia. The six-floor building will comprise two underground levels and is set for completion by Aug. 30, 2019, the Defense Department said Tuesday. The Army Corps of Engineers solicited bids via the Internet and received five proposa...
The GovCon Index failed to carry over momentum from Monday’s sharp gain and posted a decline of 0.417 points to 71.815 Tuesday as U.S. stocks also suffered losses driven by another decline in oil prices and a new Consumer Confidence Index reading that fell below economists’ expectations. Intelsat (NYSE: I) posted a second ...
TYSONS CORNER, VA, February 23, 2016 ” Intel (Nasdaq: INTC) and AT&T (NYSE: T) will test unmanned aerial vehicle functions for video streaming and flight information transmission via an LTE wireless network, ExecutiveBiz reported Monday. AT&T said Monday they will use a Yuneec Typhoon H drone with Intel’s RealS...
The GovCon Index climbed significantly today closing at 72.232 up 1.114 percent, pulling itself out of correction. All three markets — the Dow Jones Industrial, S&P 500 and the Nasdaq Composite — all showed robust gains approaching 1.50 percent, with WTI crude oil closing up 6.21 percent to $31.48. As reported by CNBC, Honeywell...
The U.S. Air Force has awarded Kratos Defense & Security Solutions (Nasdaq: KTOS) a potential six-year, $37 million contract to provide logistics and repair services for the military branch’s subscale aerial target system. Kratos said Monday it will also supply consumable and peculiar reparable spares for BQM-167A fligh...
TYSONS CORNER, VA, February 22, 2016 ” TeleCommunication Systems (Nasdaq: TSYS) has expanded the coverage of its text-to-911 public safety messaging service to at least 700 answering points across 38 U.S. states and territories, ExecutiveBiz reported Friday. TCS said Thursday it targets 100 million wireless subscribers to the ser...
TYSONS CORNER, VA, February 22, 2016 ” Raytheon (NYSE: RTN) will likely hold the prime role in a teaming agreement with CAE (NYSE: CAE) and Alenia Aermacchi to pursue the U.S. Air Force‘s T-X pilot trainer contract, ExecutiveBiz reported Friday. Defense News reported Tuesday Raytheon will replace General Dynamics (NYSE...
TYSONS CORNER, VA, February 22, 2016 ” Tony Frazier, senior vice president of government solutions at DigitalGlobe (NYSE: DGI), has said the company uses deep-learning and crowdsourcing tools to analyze satellite imagery, ExecutiveBiz reported Thursday. GCN reported Wednesday that Frazier has pointed to MrGeo, NVIDIA graphics process...
