President Joe Biden has instructed the U.S. government to assess the potential benefits and risks of establishing a central bank digital currency and address other issues amid the rise in the adoption of cryptocurrencies and other digital assets. The executive order outlines a national policy for digital assets with the goal of protecting U.S. consu...
DC Capital Partners has acquired aerospace component manufacturer uAvionix for an undisclosed sum. Established in 2015, uAvionix provides small form factor communications, surveillance and navigation avionics for manned and unmanned aircraft systems and develops aviation safety systems to facilitate the integration of UAS into the National Airspace ...
ExecutiveBiz featured Ryan Legge, president of analytics at BigBear.ai, in its most recent Executive Spotlight interview published Wednesday. He discussed the company’s artificial intelligence and machine learning capabilities, its efforts to drive data-driven decision-making structure at the U.S. Army as well as its support for customers in t...
The U.S. Air Force has chosen Lockheed Martin (NYSE: LMT) to replace a tactical ground-based radar system used to carry out airspace defense operations. USAF said Wednesday it will exercise an option of a previously awarded contract to procure the company’s AN/TPY-4(V)1 technology for the Three-Dimensional Expeditionary Long-Range Radar produc...
Xavier Beale, vice president of trades at Huntington Ingalls Industries‘ (NYSE: HII) Newport News Shipbuilding division, will transition to a new role that expands the scope of his current work to include human resources responsibilities. HII said Wednesday Beale will take over the Newport News HR leadership role from Susan Jacobs, who will jo...
Saab has secured a $122 million modification to a contract with the U.S. Marine Corps for the production and delivery of force-on-force training systems. The modification includes a $54 million order booked in 2021 and options that would raise the potential value of the FoFTS-Next contract to $248 million, Saab said Wednesday. USMC chose the...
Arcfield has appointed Lori Becker, former chief financial officer of Sierra Nevada Corp., to the CFO position and named Mike Smith, a 23-year U.S. Secret Service veteran, chief security officer of the Chantilly, Virginia-based systems engineering and integration contractor. Both newly appointed executives will report to Arcfield Chairman and CEO Ke...
Dorith Hakim, an aerospace industry veteran, has joined CPI Aerostructures as CEO, president and director. She succeeds Douglas McCrosson, who stepped down from his role to pursue other opportunities, CPI Aero said Wednesday. Terry Stinson, chairman of the board of CPI Aero, said Hakim brings to the company her aerospace industry experience, experti...
John Hart, chief growth officer at Valiant Integrated Services, was featured in the most recent Executive Spotlight interview with ExecutiveBiz on Tuesday. He talked about strategic goals and expected challenges in 2022 and beyond, and discussed how partnerships have helped the company expand its federal marketplace footprint, reach mission objectiv...
During the State of the Union address on March 1, President Biden called for tightened border security and highlighted the “cutting-edge” technology currently being deployed at ports of entry to fortify the border. “If we are to advance liberty and justice, we need to secure the border and fix the immigration system,” Biden stated. “I...
