Author: Mary-Louise Hoffman|| Date Published: August 26, 2021
VTG has purchased Manassas, Virginia-based undersea warfare and unmanned system developer ASSETT in a deal that brings artificial technology applications to the former’s portfolio of naval systems.
Financial terms of the deal were not disclosed and the acquired company will function as a center of excellence for product development within the VTG enterprise, the aerospace and defense engineering contractor said Wednesday.
Jim Shannon, president of ASSETT and a retired U.S. Navy rear admiral, will continue his leadership role during the post-acquisition integration process.
John Hassoun, president and CEO of VTG, said ASSETT is working on technology he believes could serve as a foundation to interconnected architectures for naval platforms such as submarines, unmanned vehicles and command, control, communications, computers, combat systems, intelligence, surveillance and reconnaissance systems.
He added that the combined company will aim to bring transformational technologies to the Navy and other defense customers.
CACI International has secured a potential five-year, $416 million SeaPort-Next Generation task order to sustain and modernize information technology systems…
Cherry Bekaert has acquired accounting and advisory firm Tarsus to expand outsourced accounting, real-time financial reporting and strategic chief financial…
General Dynamics Information Technology has received a U.S. Navy contract worth $988 million to modernize and integrate command, control, communications,…
Dave Wajsgras, an eight-time Wash100 Award winner, has been named chairman and CEO of Everfox. The cybersecurity company said Monday that Wajsgras will…
The Transportation Security Administration has announced a contract opportunity with an estimated value exceeding $100 million for enterprise-wide IT support…
