Joel Abrahams, former executive director at Axient, was promoted to the role of vice president of the Air Force business unit in the defense systems segment at the defense and civilian mission support company. Axient said Wednesday Abrahams will be responsible for managing contracts across the company’s Air Force portfolio and overseeing a tea...
Federal Resources Corp. has secured three five-year contracts worth approximately $881.4 million combined to provide technical and functional support services, hardware and software as a service for the State Department’s Bureau of Global Public Affairs and Bureau of Global Talent Management. FRC said Tuesday it will help the two bureaus modernize...
Lockheed Martin (NYSE: LMT) elevated the role of Jay Watson from director of advanced strategic programs to vice president of strategic reentry programs at the company’s missile defense operations, he announced in a LinkedIn post on Wednesday. Watson has been with Lockheed for almost three decades, joining in 1995 as engineering and science ma...
Bill Cull, a 25-year public sector sales leader, has been named vice president of federal at Austin, Texas-based cybercrime analytics company SpyCloud. In this capacity, he will oversee SpyCloud’s growth strategy, build up the company’s government client base and channel program with system integrators, value-added resellers and distributors and...
Leonardo DRS (Nasdaq: DRS) has secured a $134 million order to deliver to the U.S. Army its next-generation thermal weapon sights designed to provide warfighters with infrared imagery during target acquisition and engagement operations. The company said Monday the Family of Weapon Sights – Individual works to wirelessly transmit thermal imagery to...
IBM (NYSE: IBM) has launched a $500 million venture fund intended for artificial intelligence-focused early-stage and hyper-growth startups. The company said Tuesday IBM Enterprise AI Venture Fund will support the advancement of generative AI technology and research while expanding the company’s AI partnership ecosystem. The investment is...
Stellant Systems, a portfolio company of Arlington Capital Partners, has completed its acquisition of Comtech Telecommunications‘ (Nasdaq: CMTL) power systems technology product line. Comtech’s net cash proceeds from the transaction amount to approximately $32.5 million, which were partly used to pay down outstanding debt on its existing...
Kratos Defense and Security Solutions (Nasdaq: KTOS) has won a potential $579 million contract to help the U.S. Space Force sustain a unified command and control capability for military satellite communications. The indefinite-delivery/indefinite-quantity contract covers sustainment and post-production development services for the Command-and-Contro...
KBR (NYSE: KBR) delivered a strong and well-rounded performance in Q3 2023, and its president and CEO, Stuart Bradie, described the nine percent all organic at the revenue line as a terrific performance. In the three months that ended Sept. 29, 2023, revenue increased to $1.77 billion from $1.62 billion in Q3 2022. The provider...
Iron Mountain (NYSE: IRM) has agreed to acquire information technology asset disposition services provider Regency Technologies for approximately $200 million as part of efforts to expand its IT asset remarketing and recycling capabilities. “This strategic transaction represents a significant milestone in our efforts to strengthen Iron Mountain’...
