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A Cerberus Capital Management affiliate has invested an undisclosed amount in aerospace survivability technology provider Resonant Sciences to help drive the latter’s growth and product development strategies. Baird acted as the exclusive financial adviser to Resonant Sciences on its deal with Cerberus’ Supply Chain and Strategic Opportu...
Jin Chun, a 25-year information technology industry veteran, was named deputy chief information officer at global advisory and technology services provider ICF (Nasdaq: ICFI), according to his LinkedIn post. He will help drive digital transformation at ICF as part of the company’s technology team. Chun’s industry career includes ro...
Intel’s (Nasdaq: INTC) foundry business segment will produce 65-nanometer power management BCD technology for Tower Semiconductor (Nasdaq: TSEM) and allow the latter to use its manufacturing facility in Rio Rancho, New Mexico, under an agreement. The agreement will provide Tower with more than 600,000 photo layers of capacity corridor per month to...
BAE Systems was awarded a $797 million initial order to proceed with full-rate production of the Armored Multi-Purpose Vehicle for the U.S. Army. The service branch said Thursday the contract value could reach $1.6 billion if it exercises options to order additional units of the AMPV, which is designed to replace the M113 family of...
IFS has agreed to acquire Falkonry, a California-headquartered developer of artificial intelligence-powered software, in a push to expand its enterprise software offerings for defense and manufacturing industries. The transaction will combine Falkonry’s automated, self-learning anomaly detection tool with IFS’ AI-based planning, scheduli...
The Department of the Air Force has made an initial announcement for the development of next-generation artificial intelligence and distributed capabilities to support the Department of Defense’s Joint All Domain Command and Control initiative. DAF is allocating $99 million in funding for the broad agency announcement over five years to facili...
Leidos (NYSE: LDOS) will provide the U.S. Army with hardware systems, components, system management platforms and non-personal services under the potential 10-year, $7.9 billion Common Hardware Systems-6th Generation indefinite-delivery/indefinite-quantity contract. Army Contracting Command at Aberdeen Proving Ground in Maryland received three offer...
Dean Tilsley, a veteran finance executive, has joined Deltek as a senior vice president and chief financial officer. He will report directly to Deltek President and CEO Mike Corkery as he oversees the execution of the company’s financial strategy to advance growth initiatives, the company said Thursday. Corkery said Tilsley is a results-focuse...
Michael Byrd, a 28-year federal information technology market veteran, has joined Rancher Government Solutions as vice president of ecosystems and partner management. His appointment comes as Reston, Virginia-based RGS looks to accelerate its federal market growth initiatives, the open source software provider said Thursday. Paul Smith, RGS CEO and ...
Tecolote Research will advise and assist Space Systems Command on business processes under a five-year, $131 million indefinite-delivery/indefinite-quantity contract. The sole-source award covers support for SSC’s administrative, financial and acquisition functions until Aug. 31, 2028, the Department of Defense said Thursday. Goleta, Californi...
