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Marc Parent CAE (NYSE: CAE) has introduced its new logo and brand identity as the company strengthens its mission of equipping individuals with technology platforms and expertise to prepare them for critical roles. “Our new logo reflects our heritage, this evolution, and our bold vision for the future, which involves us leaning even deeper int...

Raytheon Technologies (NYSE: RTX) will manufacture additional prototypes of the U.S. Army’s Lower Tier Air and Missile Defense Sensor under a three-year, $353.9 million contract. The military branch received two bids for the cost-plus-fixed-fee contract and obligated $104.8 million at the time of award, the Department of Defense said Wednesday...

The Senate on Wednesday confirmed Michael Barr, a law professor and a former Department of Treasury official, to serve as vice chair of the Federal Reserve for supervision. President Joe Biden described the Senate vote an “important progress” for his plan to address inflation, the White House said Wednesday. The upper chamber on Wednesday approv...

Matt Hicks was promoted to the roles of president and CEO at Red Hat, where he previously oversaw product strategy and engineering activities as executive vice president of products and technologies. The IBM (NYSE: IBM) subsidiary said Tuesday Hicks took over from Paul Cormier, a more than two-decade Red Hat veteran who was tapped to...

Tom Watson, a 25-year federal market veteran who is currently serving as senior vice president of defense services at Serco Inc., will become CEO of the Herndon, Virginia-based government contractor when Dave Dacquino retires from the chief executive role Sept. 1. Dave Dacquino Dacquino will continue his role as chairman of the board of directors...

Vincent Stewart, a 38-year U.S. Marine Corps veteran and a four-time Wash100 Award winner, will formally join the board of directors of Lockheed Martin (NYSE: LMT) on Friday. The retired USMC lieutenant general will serve as an independent director and as part of the board’s classified business and security committee, Lockheed said Tuesday. St...

V2X (NYSE: VVX), the new company formed out of the merger between Vectrus and Vertex, will support logistics operations at Fort Benning in Georgia under a $264.9 million contract modification from the U.S. Army. The award falls under the Enhanced Army Global Logistics Enterprise procurement vehicle and includes initial obligated funds amounting to $...

Madison Dearborn Partners has agreed to purchase a controlling interest in government procurement software provider Unison from global investment firm Carlyle (Nasdaq: CG) for an undisclosed sum. The transaction is expected to be completed in the third quarter of 2022 and the investment will help Unison advance its growth initiatives and expand its ...