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...
An investor group led by private equity firms Advent International and Permira Advisers has agreed to acquire McAfee (Nasdaq: MCFE) in a transaction valued at approximately $14 billion, including debt. McAfee’s board of directors approved the transaction that is expected to be completed in the first half of calendar year 2022, pending approval by ...
Cornerstone Defense has appointed Holly Hidalgo as senior vice president of business development and growth at the Hanover, Maryland-based technical services provider. Hidalgo brings to her new position leadership experience at government contractors such as Science Applications International Corp. (NYSE: SAIC), IP Network Solutions, Cornerstone sai...
Huntington Ingalls Industries (NYSE: HII) saw its third-quarter revenue for 2021 increase 1 percent to $2.3 billion and reported $3.65 in diluted earnings per share. The Newport News, Virginia-based shipbuilding company said Thursday it recorded $600 million in Q3 2021 new contract awards and a total backlog of about $50.1 billion as of Sept. 30....
Errol Farr, formerly vice president of business development at Auterion Government Solutions, has been named president of the Moorpark, California-based unmanned vehicle software provider. His promotion comes as Austerion GS aims to expand its work in the U.S. defense market and he brings more than two decades of industry experience to his new posit...
TYSONS CORNER, VA, Nov. 8, 2021 — ICF (Nasdaq: ICFI) will provide the Department of Health and Human Services with technical assistance services needed to support initiatives led by the National Human Trafficking and Technical Assistance Center and the offices of Child Care and Community Services under the Administration for Children and Families,...
Federal agencies are working to integrate artificial intelligence into their infrastructures as they iteratively replace outdated legacy systems and optimize essential operations to match adversarial capabilities in the digital age. As a boost to this critical initiative, U.S. Senators Jacky Rosen, D-Nev., and Rob Portman, R-Ohio introduced the Adv...
U.S. Transportation Command has awarded a potential $6.18 billion contract to a KBR-led (NYSE: KBR) joint venture to help the Department of Defense’s military and civilian personnel move household goods at various locations across the globe. HomeSafe Alliance will assemble a network of services providers within the commercial moving industry t...
The State Department has cleared a $650 million foreign military sales proposal from Saudi Arabia for the procurement of Raytheon Technologies-built (NYSE: RTX) Advanced Medium Range Air-to-Air Missile systems and associated equipment. Saudi Arabia asked to buy up to 280 AIM-120C AMRAAMs and 596 LAU-128 Missile Rail Launchers along with spare and re...
