Shareholders at Vectrus (NYSE: VEC) approved Wednesday the company’s proposed combination with Vertex and both parties expect the transaction to close in the third quarter of 2022. The combined entity will adopt the name V2X and trade on the New York Stock Exchange under the ticker symbol “VVX” upon the deal’s closing, Vertex said Wednes...
ExecutiveBiz featured Mike Loomis, general manager of federal business at Nokia, in a recent Executive Spotlight interview published Tuesday. He talked about his career with Nokia and the company’s growth initiatives in the federal space. The Q&A also tackled the government agencies’ efforts to implement the latest technology trends ...
Griffon Aerospace, a Madison, Alabama-based small business, will deliver unmanned aircraft system targets to the U.S. Army under a four-year, $401.8 million firm-fixed-price contract. The aerospace product manufacturer was also tasked to provide the service branch with aerial target support equipment and services, training and mission payload system...
SEMPRE, a 5G service and edge computing company founded by a U.S. Air Force veteran, has acquired NewSpace Networks in a strategy to offer integrated technology products that can support multidomain wireless communications. Financial terms of the acquisition were not disclosed and SEMPRE said Wednesday it plans to expand its Private 5G platform, whi...
Spectral Energies has won an eight-year, $184.3 million contract to conduct studies for the turbine engine division under the Air Force Research Laboratory’s aerospace systems directorate. The Department of Defense said Wednesday the company will aim to advance propulsion technology for DOD platforms through the Innovative Combustion and Propu...
Microsoft (Nasdaq: MSFT) has agreed to buy cyber threat analysis and research company Miburo for an undisclosed sum as the technology giant aims to help public and private sector organizations respond to foreign information operations. Tom Burt, corporate vice president of Microsoft’s customer security and trust organization, wrote in a blog e...
Henry Dubois, chief development officer at BlackSky Technology (NYSE: BKSY) since August 2021, has been appointed to serve as chief financial officer of the Herndon, Virginia-headquartered geospatial intelligence provider. He succeeds Johan Broekhuysen, who resigned from the CFO post and will remain with BlackSky until Aug. 11 to help facilitate the...
Karman Space & Defense, a portfolio company of Dallas-based private equity firm Trive Capital, has acquired the patented MG Resin family of technologies from Cornerstone Research Group to expand its competencies and capabilities in integrated composite systems for defense and space applications. CRG’s senior leadership team developed the MG fa...
Raytheon Technologies‘ (NYSE: RTX) missiles and defense business has secured an $866.6 million contract from the Missile Defense Agency to manufacture updated ship-based ballistic missile interceptors for the U.S. government and the Japanese defense ministry. The sole-source award covers the production of Standard Missile-3 Block IIA systems, whic...
Lockheed Martin (NYSE: LMT) will support the production of a long-range precision missile under a $450 million indefinite-delivery/indefinite-quantity contract from the U.S. Air Force. The contractor was tasked to work on development, integration, sustainment and other efforts related to the Joint Air-to-Surface Standoff Missile program over a five-...
