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...
Parsons‘ (NYSE: PSN) government services business has won a 10-year, $953 million contract to build, operate and maintain a layered base security system for U.S. Air Forces in Europe-Air Forces Africa. The company will employ air base air defense equipment at various U.S. military installations throughout the European and African continents, t...
Glen Schuhmacher, president of Sincerus Global Solutions, will succeed Tony Smeraglinolo as CEO while the latter will assume the executive chairman post at the professional services company as part of its strategic growth initiatives. As president and chief executive, Schuhmacher will have operations oversight and drive Sincerus’ continuous de...
Chuck Prow, president and CEO of Vectrus, was presented his 2021 Wash100 Award, the most prestigious award in all of government contracting (GovCon), by Executive Mosaic CEO Jim Garrettson during a ribbon-cutting ceremony of Vectrus’ new Tysons Corner office last Thursday. Since the inception of the Wash100 Award in 2014, Prow has received the hon...
