Honeywell (NYSE: HON) has purchased Ballard Unmanned Systems for an undisclosed sum as part of efforts to expand its portfolio of unmanned aerial systems and urban air mobility platforms.
Read More »COMSovereign to Buy Backhaul Radio Developer Fastback; Dan Hodges Quoted
COMSovereign Holding has agreed to purchase all the equity interests of Fastback Networks for approximately $14M as part of efforts to expand its portfolio of 5G and wireless backhaul technology offerings.
Read More »Xator Buys InCadence Strategic Solutions in Intell, C4ISR Market Push; David Scott Quoted
Xator, a Reston, Va.-based technology services contractor, has finalized its acquisition of InCadence Strategic Solutions for an undisclosed sum as part of efforts to expand its presence as a provider of national security, intelligence and C4ISR platforms to U.S. government agencies.
Read More »Ellen Lord, DoD Acquisition Chief, Named to 2020 Wash100 for Advancing Defense Supply Chain Cybersecurity, Procurement Framework
Executive Mosaic is honored to present Ellen Lord, undersecretary of defense for acquisition and sustainment, as an inductee into the 2020 edition of the Wash100 Award for ramping up efforts to secure the defense supply chain while also working to accelerate the Pentagon's procurement process. This marks Lord’s fourth Wash100 Award and third consecutive.
Read More »FY 2020 NDAA Includes Three Provisions for Defense Acquisition Process
The fiscal year 2020 National Defense Authorization Act that President Donald Trump signed into law on Dec. 20 contains three provisions that authorize changes to the defense procurement process and one of those concerns with intellectual property, Federal News Network reported Thursday.
Read More »Starboard Recommends Three New Directors to AECOM Board; Michael Burke Quoted
Starboard Value, a New York-based investment adviser and a shareholder of AECOM (NYSE: ACM), has recommended three independent directors for appointment to AECOM’s board under a governance agreement. AECOM said Friday Peter Feld, a managing member of Starboard, and Robert Card, president of executive advisory services firm The Card Group, will immediately join its board, while Jacqueline Hinman, former chairman, president and CEO of CH2M Hill, will assume duties as a board member on Dec. 16.
Read More »SAP NS2’s Mark Testoni on Cyber Threat as Top National Security Concern
Mark Testoni, CEO of SAP National Security Services and a 2019 Wash100 winner, told Global Defence Technology in an interview that he sees internet and cyber threat as one of the top national security concerns facing companies and countries.
Read More »Veritas Capital Raises $6.5B for Seventh Fund; Ramzi Musallam Quoted
Veritas Capital has generated $6.5B in capital commitments for its seventh fund in support of its strategy to invest in technology-focused companies that deliver products and services to government and commercial clients.
Read More »Parsons Reports 20% Growth in Q1 2019 Revenue; Chuck Harrington Quoted
Parsons (NYSE: PSN) reported $904M in revenue for the first quarter of 2019, up 20 percent from the same period last year. The Pasadena, Calif.-based company said Tuesday it posted $1.2B in contract awards during the quarter with a total backlog of $8.6B and a book-to-bill ratio of 1.4x.
Read More »Mercury Buys Syntonic Microwave, The Athena Group; Mark Aslett Quoted
Mercury Systems (Nasdaq: MRCY) has purchased Syntonic Microwave and The Athena Group for $46M combined to expand its radio frequency capabilities and further broaden its presence in security and electronic warfare markets. Mark Aslett, president and CEO of Mercury Systems, said in a statement published Thursday the acquisitions will help …
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