On Tuesday, the Potomac Officers Club hosted its third Data-Driven 2021 Series event, The Cost of AI, during which eminent government agency and industry leaders joined together to discuss the budgetary implications, potential disruption scenarios, opportunities and challenges inherent in integrating innovative artificial intelligence solutions as...
General Electric (NYSE: GE) has announced plans to separate into three independent public companies focused on aviation, health care and energy sectors through tax-free spinoffs. The Boston-based industrial conglomerate said Tuesday it will spin off its GE Healthcare business in early 2023 and keep a 19.9 percent stake in the health care company upo...
Eight small businesses have won positions on a $249 million contract to support construction projects within the eastern portion of Naval Facilities Engineering Systems Command Southeast area of operations. NAVFAC received 30 proposals via a competitive bidding process for the mutliple-award design-build/design-bid-build services contract and expect...
Rick Johnson, a more than two-decade financial and accounting professional, has joined IntelliBridge as chief financial officer. He will bring to the McLean, Virginia-based technology services contractor his expertise in corporate financial analysis, project lifecycle management and M&A due diligence and integration, IntelliBridge said Thursday....
Viasat (Nasdaq: VSAT) has agreed to purchase British satellite services provider Inmarsat for approximately $3.9 billion in cash and stock in a strategy to offer a global hybrid network for government and enterprise communications. Carlsbad, California-based Viasat will assume $3.4 billion in Inmarsat’s net debt, bringing the total transaction...
Seth Eaton, a veteran technology executive, has joined PAE (Nasdaq: PAE) as chief technology officer and vice president of technology innovation within the company’s national security services division. He will develop and oversee the implementation of the Falls Church, Virginia-based defense and government services contractor’s strategy for fie...
Rich Wilkinson, director of product marketing for Unanet and a GovCon Expert, has published the latest article as a member of Executive Mosaic’s GovCon Expert program on Tuesday. Previously, Wilkinson explored how the COVID-19 pandemic has impacted the professional services industry and how these firms will be able to adapt to the new “work f...
G. Maliek Ferebee, former chief human capital officer at Alion Science and Technology, has been named chief human resources officer of DLH Holdings (Nasdaq: DLHC). He will be part of DLH’s executive leadership team and oversee HR operations that include talent acquisition and development, employee engagement and performance management function...
Mercury Systems (Nasdaq: MRCY) has closed its purchase of Avalex Technologies, a Florida-based avionics provider to the defense and commercial sectors. Mercury first announced the deal Sept. 27 and the company said Monday it financed the acquisition using cash on hand and a revolving credit facility. Avalex is projected to generate $40 million in re...
TYSONS CORNER, VA, Nov. 9, 2021 — ManTech International (Nasdaq: MANT) seeks to broaden its digital engineering offerings with the $350 million acquisition of Gryphon Technologies, a Washington, D.C.-based systems engineering firm that provides a range of services to defense customers, ExecutiveBiz reported Nov. 1. “This acquisition maps dir...
