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The board of directors of General Electric (NYSE: GE) has cleared the planned spinoff of its portfolio of energy businesses, which will operate under the name GE Vernova, and expects the new independent entity to kick off trading on the New York Stock Exchange on April 2 using the ticker symbol “GEV.” In July 2022,...
Congress passed a short-term stopgap measure Thursday to prevent a partial government shutdown at the end of the week and give lawmakers time to finalize a full-year spending bill, NBC News reported Friday. The continuing resolution passed both the House and Senate, on 320-99 and 77-13 votes, as part of a bipartisan spending deal covering...
Boeing (NYSE: BA) has received a potential $3.4 billion contract from the U.S. Navy to produce 17 P-8A Poseidon aircraft for Canada and Germany. The company said Thursday it will manufacture 14 Poseidon planes for Canada’s air force and three units for the German navy. “The Poseidon is a proven aircraft, with more than 600,000...
Alec Gordon, a former managing director within General Atomics‘ electromagnetic systems group, has been promoted to vice president and chief operating officer at GA-EMS. Gordon, who has been interim COO since May 2023, will help pursue business opportunities and advance operational resources for the company’s product lines, including the...
Intel (Nasdaq: INTC) has launched Altera as a standalone company focused on pursuing growth in the field programmable gate array market and delivering artificial intelligence capabilities designed to help clients facing complex technological challenges. “As customers deal with increasingly complex technological challenges and work to differentiate...
DCS has promoted Jim Belcher from operations and systems engineering department manager to vice president of ground vehicle systems. The employee-owned company said Thursday that he will be the program manager for the $2.1 billion Technical Engineering Services contract it landed with the Ground Vehicle Systems Center of the U.S. Army Combat Capab...
Paul Nicholson is the Executive Director for Coalition Communications and Deputy Chief Information Officer at the U.S. Indo-Pacific Command. In this role, he ensures that the strategic-level joint and coalition operates as a cohesive unit to achieve operational success and strategic dominance in the Indo-Pacific area. Paubnl Nicholson is on...
Guidehouse has won a potential $12 billion follow-on contract from the U.S. Air Force to provide systems engineering and integration support services for intercontinental ballistic missiles. The Air Force Nuclear Weapon Center at Hill Air Force Base in Utah received five offers for the Integration Support Contract 2.0 through a competitive acquisiti...
Kamal Narang, a more than 25-year federal health industry leader, has taken on the role of senior vice president for federal health at General Dynamics’ (NYSE: GD) information technology business. In this capacity, he will be part of GDIT’s executive leadership team as he oversees growth strategy for the company’s federal health business, ...
Kratos Defense and Security Solutions (Nasdaq: KTOS) is kicking off a proposed underwritten public offering of $300 million of shares of its common stock and expects to grant the underwriters a 30-day option to buy up to an additional $45 million of shares of its common stock. The proposed public ofering is subject to market...
