Heather Murren, a financial services industry veteran who has served on the board of managers at Johns Hopkins University Applied Physics Laboratory since 2013, began serving as chair of the same board on July 1. She succeeds Michael Hankin, who led APL’s board of managers over the past six years and will continue to serve...
Planned Systems International has purchased Alexandria, Virginia-based technology integrator ProSphere Tech in a deal of an undisclosed sum that expands PSI’s health care information technology and cybersecurity offerings for the government sector. Founded in 2006, ProSphere works with federal customers to help them design systems, manage data...
Shield AI has acquired Heron Systems for an undisclosed sum to further expand its artificial intelligence engineering and reinforcement learning capabilities. Heron Systems is a software company founded in 1993 and is known for developing an AI pilot that emerged undefeated against a human Air Force F-16 fighter pilot in five rounds of simulated air...
Spatial data company Matterport will start trading Friday on Nasdaq under the symbol “MTTR” after it completed its merger with special purpose acquisition company Gores Holdings VI (Nasdaq: GHVI). Sunnyvale, California-based Matterport said Thursday it has secured approximately $605 million in total cash as a result of the combination, including...
Intelligent Waves has received task orders under three government contracts to provide enterprise technology and acquisition support to defense customers. The service-disabled veteran-owned company said Wednesday it will develop an integrated audio system and live streaming software using government-furnished equipment as part of a task order under ...
Raytheon Technologies‘ (NYSE: RTX) missiles and defense business has received a $90.2 million contract modification from the Missile Defense Agency to perform tests and related activities to support the transition of a guidance electronic unit to production as part of the Standard Missile-3 Block IIA program. Under the award, Raytheon Missiles...
Michael Witt, formerly a corporate director at chemical company Dow, will officially join Northrop Grumman (NYSE: NOC) on Aug. 9 to serve as vice president and chief sustainability officer. He will oversee Northrop’s carbon reduction activities, resource efficiency efforts and other initiatives aimed to promote environmental sustainability, th...
The U.S. Army has selected five companies to receive funds that will support artificial intelligence and robotic technology prototyping projects under the service branch’s other transaction agreement with the National Advanced Mobility Consortium, Inside Defense reported Thursday. Contractors will prototype AI and robotic systems intended to b...
Braxton Technologies, now part of Parsons (NYSE: PSN), has secured a $139.4 million contract modification from the U.S. Space Force to continue ground-based satellite systems support at the Space and Missiles Systems Center. The company is helping the service branch prototype, integrate and manage network, infrastructure, architecture and hardware s...
The Department of Labor has proposed regulations to implement an executive order that will require government contractors to increase the minimum wage of employees working on federal contracts to $15 per hour starting Jan. 30, 2022. President Joe Biden signed in late April the executive order that will also extend the new minimum pay to...
