Eve, an urban air mobility platforms provider established by Embraer, has agreed to merge with blank check company Zanite Acquisition (Nasdaq: ZNTE) in a transaction that would take the former public and give the combined entity a pro forma equity value of $2.9 billion. The boards of directors of Embraer and Zanite have unanimously approved...
Raytheon Technologies (NYSE: RTX) has received a $578.3 million contract modification to help the U.S. Navy and foreign military sales customers address production requirements for the Standard Missile-2. The Navy accounts for 6 percent, or approximately $36.7 million, of the procurement funds for SM-2 all up rounds, spare parts, engineering service...
NowVertical Group has agreed to purchase Allegient Defense as part of efforts to further broaden its footprint in the U.S. public sector. Allegient Defense provides systems engineering and technical services in the areas of data analytics, cloud computing, artificial intelligence and autonomy, unmanned aerial vehicles, directed energy and next-gener...
The State Department has approved a potential $1.32 billion foreign military sale of shipboard launch and recovery equipment and support services to France for the country’s naval aircraft carrier program. The French government wants to procure one Electromagnetic Aircraft Launch System, one Advanced Arresting Gear, launcher and engine configu...
Margaret Amori, Inception lead for public sector at NVIDIA (Nasdaq: NVDA), said the company works to help the federal government adopt artificial intelligence in five areas and one of those is through graphic processing units and other platforms that NVIDIA offers for AI development and deployment. Amori wrote that one of those platforms is the ...
Chad Sweet, former chief of staff at the Department of Homeland Security and co-founder of advisory firm The Chertoff Group, has been appointed to the board of directors of Bethesda, Maryland-based digital services provider DMI. DMI said Monday Sweet also serves as CEO of Chertoff, a member of DHS’ Homeland Security Advisory Council and an...
Comtech Telecommunications (Nasdaq: CMTL) and its shareholder Outerbridge Capital Management have reached an agreement on the wireless communications technology provider’s board of directors. Outerbridge has agreed to support Comtech’s move to reelect Judy Chambers and Larry Waldman to the board and Melville, New York-based Comtech said Thursday...
The Potomac Officers Club’s Air Force IT Modernization and Digital Transformation Forum on Wednesday brought together prominent U.S. Air Force and industry officials to discuss the service branch’s crucial modernization initiatives including transitioning legacy infrastructures, enhancing interoperability and bolstering cybersecurity to match t...
Oracle (NYSE: ORCL) is in discussions to acquire Cerner (Nasdaq: CERN) in a transaction that could be valued at approximately $30 billion, The Wall Street Journal reported Thursday. WSJ cited sources that say both parties could reach an agreement soon. The potential acquisition could help Oracle, which has a market value of more than $280...
Anand Eswaran, a former executive at Microsoft (Nasdaq: MSFT), has joined data management company Veeam Software as CEO. He succeeds William Largent, who has led Veenam since early 2020 and stepped down from the chief executive post to focus on his duties as board chairman, Veeam said Thursday. Eswaran most recently served as president and...
