Pat Gelsinger, CEO of virtualization software provider VMware (NYSE: VMW) since September 2012 and a four-decade technology industry veteran, has been appointed by the board of directors at Intel (Nasdaq: INTC) to serve as the chipmaker’s CEO effective Feb. 15. He will succeed Bob Swan, who has led Intel since January 2019, and serve as...
President-elect Joe Biden has proposed a potential $1.9T COVID-19 pandemic relief package that urges Congress to approve more than $10B in funds to support the modernization and improve the cybersecurity of federal information technology systems and networks, The Hill reported Thursday. Under the American Rescue Plan, Biden proposes a $9B inves...
Thomas Moore, a 39-year U.S. Navy veteran and former head of Naval Sea Systems Command, has joined Huntington Ingalls Industries‘ (NYSE: HII) nuclear and environmental services business as vice president of nuclear operations. The retired Navy vice admiral will oversee nuclear programs for the Department of Energy portfolio within HII’s ...
Leidos (NYSE: LDOS) closed its $215M cash acquisition of 1901 Group, a provider of managed information technology and cloud platforms in public and private sectors, a month after it announced the transaction. Leidos said Thursday it will operate 1901 Group as a wholly owned subsidiary and integrate the latter’s nearly 400 cloud, cyber and IT...
VTG has acquired Fairfax, Virginia-based systems engineering company Intelligent Shift for an undisclosed sum in a move to add intelligence agencies to the former’s national security customer portfolio. Chantilly, Virginia-based VTG said Wednesday the transaction also expands the company’s systems, digital and software engineering suppor...
Unmanned aircraft system manufacturing company AeroVironment (Nasdaq: AVAV) has agreed to acquire Arcturus UAV in a cash-and-stock transaction valued at approximately $405M as part of efforts to expand into adjacent segments and broaden UAS portfolio and customer footprint. AeroVironment said Wednesday it expects to complete the acquisition in the f...
The Department of Defense has launched an electronic marketplace with the goal of connecting small- to medium-sized businesses to capital providers for emerging national security technology requirements. DOD said Wednesday it established the Trusted Capital Digital Marketplace program to offer SMBs access to an investment network designed to drive d...
The National Geospatial-Intelligence Agency has released a draft request for proposals for a potential five-year, $947M follow-on contract to the Emerald program used to procure lifecycle acquisition management, strategic business and financial management support services. A presolicitation notice posted Tuesday says the Clover multiple-aw...
The Department of Homeland Security has created a strategy outlining its measures to address threats Chinese activity poses to the U.S.’ immigration, critical infrastructure and cybersecurity, trade and maritime defense operations. DHS said Wednesday its Strategic Action Plan applies input from the department’s China Working Group and th...
Leonardo DRS‘ Laurel Technologies business and Data Link Solutions — a joint venture between BAE Systems and Collins Aerospace — have each secured a two-year, $150M blanket purchase agreement to provide cabinets for U.S. Navy electronic equipment. Each company will manufacture up to 150 electronic equipment cabinets for the military ...
