Canada-based flight training systems provider CAE (NYSE: CAE) has named Nick Leontidis, a 36-year company veteran, as chief operating officer as part of senior leadership changes meant to enhance execution and synergies between the company’s defense and security and civil aviation business segments. The company said Tuesday Leontidis will over...
Semiconductor manufacturer Mobix Labs (Nasdaq: MOBX) has acquired RaGE Systems, a provider of radio frequency joint design and manufacturing services, as part of efforts to expand its portfolio of wireless communications offerings. Mobix Labs said Tuesday that Massachusetts-based RaGE Systems brings expertise in producing software and hardware produ...
BlueHalo has received a potential $95.4 million contract from the U.S. Army’s Space and Missile Defense Command to develop a prototype of its directed energy system under the Laser technology Research Development and Optimization program. The company said Tuesday the contract was awarded through the Aviation and Missile Technology Consortium. “W...
Scale AI, a San Francisco-based provider of data labeling services for artificial intelligence development and training, has raised $1 billion in a Series F funding round led by venture capital firm Accel. With a valuation of $13.8 billion, Scale AI aims to expand its capabilities and offerings by building on its existing AI model evaluation...
Identity security company CyberArk (Nasdaq: CYBR) will acquire machine identity management company Venafi from Thoma Bravo for an enterprise value of approximately $1 billion in cash and approximately $540 million in shares. CyberArk said Monday it plans to create a unified platform for end-to-end machine identity security by combining its identity ...
The National Defense Authorization Act for Fiscal Year 2024 was signed into law at the end of 2023. Among its various mandates were that the Department of Defense cultivate private 5G networks at its service branch bases and outposts. These bases total around 800 globally, representing a clear opportunity for telecommunications providers to offer th...
Executive Mosaic’s GovCon Index capped the week with a fourth consecutive daily gain. The modest gains in four of five trading sessions were enough to close a fifth consecutive winning week. The index, which tracks the stock performances of 30 major government contractors, closed at $5,051.61 or +0.38% week-on-week. The blue-chip Dow Jones Indust...
Valkyrie Enterprises has acquired Ship to Shore in a transaction that expands its corrosion-inhibiting products and remediation support services for the Department of Defense and other national security customers and industrial sectors. Virginia-based Valkyrie said Wednesday the corrosion-inhibiting products and related capabilities of S2S will be p...
The National Oceanic and Atmospheric Administration has issued a draft request for proposals for a 10-year follow-on contract for professional, technical and scientific services in the weather domain. According to the draft RFP published Friday, the ProTech 2.0 Weather Domain is a multiple-award, indefinite-delivery/indefinite-quantity contract set ...
Mark Santamaria, formerly senior vice president and chief financial officer at CAES, has assumed the CFO role at Austal‘s shipbuilding arm in the U.S. He has three decades of experience in finance and executive leadership, including more than 20 years at Lockheed Martin (NYSE: LMT), where he was divisional CFO, Austal USA said Thursday. “We...
