Christopher Kubasik, vice chairman, president and chief operating officer of L3Harris Technologies (NYSE: LHX), said the company plans to return more than $7.5 billion in cash to shareholders between 2021 and 2022, Reuters reported Thursday. Kubasik, a three-time Wash100 winner, noted L3Harris’ additional divesture proceeds of nearly $2 billio...
Northrop Grumman (NYSE: NOC) has secured a $115.5 million contract option from the U.S. Navy to provide weapon replaceable assemblies and support services needed for the integration of Large Aircraft Infrared Countermeasures technology onto military aircraft. The company will perform studies, analysis and systems engineering services to install the ...
QOMPLX, a cloud-native risk analytics platforms provider, has agreed to acquire cyber intelligence company Sentar for an undisclosed sum as part of efforts to expand into government and national security sectors. Sentar President Darren Kraabel will continue to lead the company and Bridget McCaleb, CEO of Sentar, will oversee integration efforts dur...
Raytheon Technologies (NYSE: RTX) has secured a $178 million contract to help the U.S. Air Force transition to an open architecture-based ground infrastructure for processing global intelligence, surveillance and reconnaissance data. The company will provide field support services to the branch’s Distributed Common Ground System modernization ...
Dan Wright, president and chief operating officer of DataRobot since January 2020, has succeeded Jeremy Achin as CEO of the Boston-based enterprise artificial intelligence technology developer. Wright assumed the CEO role as the company aims to drive business growth and adoption of its AI platform offering, DataRobot said Wednesday. “Over the last...
McLean, Virginia-based IronNet Cybersecurity is considering merging with special purpose acquisition company LGL Systems and a transaction between the two parties could give the combined entity an estimated value of $1.2 billion, Bloomberg reported Wednesday. Bloomberg cited unnamed sources saying Reno, Nevada-based LGL seeks to raise equity funding...
Tim Hays, most recently president of consulting firm Health Sciences Group, has been named vice president of health information technology at Woodbridge, Virginia-based IT services contractor Sev1Tech. Sev1Tech said Wednesday that Hays will report directly to CEO Robert Lohfeld and oversee business development, proposal and strategic efforts for the...
Larry Melton, an independent member of the board of directors at Dewberry since September 2019, has been appointed as the board’s vice chair. He will serve on the executive panel and help Barry Dewberry, the professional services firm’s executive chairman, to administer the responsibilities of the board to stakeholders, the company said ...
U.S. Army Corps of Engineers is inviting defense companies and nonprofit research institutions to submit white papers as part of a competitive process to develop military technology through engineering and high-performance computing approaches. USACE said Wednesday its Engineer Research and Development Center seeks contractors for prototyping projec...
Tony Frazier, executive vice president for global field operations at Maxar Technologies (NYSE: MAXR) and a 2021 Wash100 Award recipient, has joined the board of directors of Iridium Communications (Nasdaq: IRDM). He will provide strategic oversight support for the Iridium enterprise as a board member, the communications satellite operator said Tues...
