Timothy Yost, an industry executive with nearly three decades of financial leadership and strategic expertise, has joined BlueVoyant as chief financial officer. The company said Tuesday Yost will be responsible for developing and executing BlueVoyant’s financial and strategic plans to help guide its strategy and growth. Prior to joining BlueVo...
Medical device manufacturer Arthrex has received a five-year, $471 million contract from the Defense Logistics Agency to deliver orthopedic procedural packages and supplies to military and government customers. The DLA Troop Support in Pennsylvania awarded the indefinite-delivery/indefinite-quantity contract on a sole source basis and will fund the ...
Accenture (NYSE: ACN) has promoted executives Angie Park, Karthik Narain and Bhaskar Ghosh to senior leadership positions in a string of leadership appointments. The company said Tuesday Park, head of business and commercial finance at Accenture, will succeed the retiring KC McClure as chief financial officer, effective Dec. 1, and join the global m...
Drone technology provider Red Cat Holdings (Nasdaq: RCAT) has signed a letter of intent to acquire FlightWave Aerospace Systems to expand its portfolio of unmanned aerial system offerings for intelligence, surveillance and reconnaissance operations. FlightWave will bring its Edge 130 Blue military-grade tricopter for long-range inspection, mapping, ...
A report by financial services company Raymond James (NYSE: RJF) indicates that 79 mergers and acquisitions occurred in the defense and government market during the second quarter of 2024, a 6.7 percent increase from the prior-year period. The June report was issued by Raymond James’ defense and government investment banking team, where 2024 W...
Cognizant (Nasdaq: CTSH) has agreed to acquire Belcan in a cash-and-stock transaction worth approximately $1.3 billion to expand its engineering research and development capabilities and presence in the aerospace and defense industry. Cognizant said Monday it expects the transaction to conclude in the quarter ending Sept. 30, subject to regulatory c...
Industry offers a wealth of advanced technologies and a workforce trained on using these tools – a set of resources that serves as a major asset for the U.S. government. Though public-private partnerships are already abundant, there is still progress that needs to be made with collaboration from a cybersecurity perspective. As more and more...
U.S. Department of the Army Secretary and 2024 Wash100 Award winner Christine Wormuth made it clear at this year’s South by Southwest festival in March that the service branch is operating under a software-first directive. She specifically noted that “the Army’s success on future battlefields will depend on [its] ability to rapidly updat...
Executive Mosaic’s GovCon Index posted its second back-to-back weekly loss this year following three significant drops this week. The index, which tracks the stock performances of 30 major government contractors, declined 0.37% before the weekend to $4,953.15 for a 0.92% week-on-week loss. Wall Street also registered a weekly loss, led by Nasdaq ...
Today, the cyber and physical realms are closely intertwined, with cyberattacks having the potential to disrupt critical functions across all domains. These threats pose challenges to the U.S. Coast Guard’s mission to maintain a secure maritime environment, and the organization has recognized the need to fortify its cyber defenses. The Coast Guard...
