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...
Inmarsat‘s U.S. business arm was awarded a potential 10-year, $578.4 million follow-on contract from the Defense Information Systems Agency for services in support of modernizing the Military Sealift Command fleet’s satellite systems and other communications infrastructure. The indefinite-delivery/indefinite-quantity contract requires In...
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 ...
George Batsakis CollabraLink Technologies, a Washington Harbour Partners portfolio company, has acquired Groundswell Consulting Group and changed its name to Groundswell as part of a rebranding effort. “The Groundswell name reflects our commitment to bringing an unstoppable, seismic technology change to government,” Groundswell CEO George Batsak...
Colorado-based small business Delta Solutions & Strategies has won a potential five-year, $186.7 million task order to advise and assist U.S. Space Command on headquarters matters. The Space Acquisition Management Delta at Peterson Space Force Base received 11 proposals for the cost-plus-fixed-fee task order under Pool 1 of the One Acquisition S...
Rich Sawchak, chief financial officer at software-as-a-service company Hypori, has joined the board of directors of Gunnison Consulting Group. He brings to the board his capital markets experience and track record of scaling technology companies and executing mergers and acquisitions and financing transactions, Gunnison said Tuesday. Gunnison CEO Gi...
