BigBear.ai has completed its merger with special purpose acquisition company GigCapital4 to create a new entity that will trade on the New York Stock Exchange starting Wednesday and help customers make decisions with the use of artificial intelligence technology. The combined business will operate as BigBear.ai Holdings and the transaction gives it ...
Vertex Aerospace has closed its acquisition of Raytheon Technologies’ (NYSE: RTX) defense training and mission critical solutions business. The transaction was first announced in September and Ed Boyington, president and CEO of Vertex, said in a statement published Tuesday the acquisition supports the company’s strategy to deliver a comprehe...
On Tuesday, GovCon Wire Events hosted its Defense Acquisition Priorities Forum, which featured leaders across defense agencies, military branches and industry who joined in dynamic discussion to share the procurement interests, technology influences and strategic priorities driving acquisitions across the defense sector as agencies work to acceler...
Artificial intelligence company Torch.AI has acquired The DataTech Group for an undisclosed sum to provide further support to data processing efforts in the government sector with the use of technology. Illinois-based DataTech offers an information technology platform for public and private sector customers to plan, analyze and manage organizational...
ExecutiveBiz featured Wyn Elder, managing director of global and U.S. public sector at Box, in its most recent Executive Spotlight interview published Tuesday. He talked about Box’s strategy to help address current challenges of its customers, including the federal government, as well as the company’s recent contracts from the General Se...
An ASRC Federal subsidiary has secured a potential $133 million contract to help a Department of Defense organization secure personnel information systems from cyber threats. Under the five-year contract, ASRC Federal Netcentric will run a cybersecurity operations hub to support information technology functions at the Defense Human Resources Activit...
An investment affiliate of J.F. Lehman & Co. has purchased an L3Harris Technologies (NYSE: LHX) division that manufactures radio frequency and microwave technologies for both defense and commercial applications. The private equity firm said Tuesday it bought Narda-MITEQ division assets that were part of L3Harris’ aviation systems segment a...
Shareholders at special purpose acquisition company GigCapital4 approved Friday the proposed combination with BigBear.ai and both parties expect the transaction to close Tuesday, Dec. 7. The combined entity will operate as BigBear.ai Holdings and is set to list its common stock and warrants on the New York Stock Exchange using the ticker symbols “...
Fairfax, Virginia-based Information Analysis Inc. (Nasdaq: IAIC) will combine its professional services business with Tellenger, an IAI subsidiary that offers information technology consulting and software development services to the federal sector. The reorganization initiative will provide Tellenger its own advisory board, which IAI President Stan...
Jennie Reilly, an executive with two decades of human resources experience, has joined Comtech Telecommunications (Nasdaq: CMTL) to serve as vice president of HR and drive the communications technology company’s talent strategy implementation and other related initiatives. Reilly, whose appointment will be effective Dec. 13, previously worked ...
