Hello, Guest!
  • Saturday, November 2, 2024
Bill Monet

Akima Eyes Defense Training Market Expansion Through Pinnacle Acquisition; Bill Monet Quoted

Akima has agreed to acquire Pinnacle Solutions, a training and simulation products provider to the defense sector, in a move to gain a bigger footing in military programs.

Financial terms of the deal were not disclosed and Akima said Monday that Pinnacle will operate as a wholly owned subsidiary once the acquisition is completed.

Bill Monet, president and CEO of Akima, said the company aims to help customers address mission challenges by integrating offerings through the acquisition.

The 2023 Wash100 award recipient added that the two companies “share a deep commitment to exceeding customer expectations and delivering exceptional value to our customers, employees and shareholders.”

U.S. Army veteran Mike Durant founded Pinnacle in 2008 and serves as the chairman of the board of directors.

The Huntsville, Alabama-headquartered company offers technology products and services designed to help customers operate air, ground, maritime and unmanned platforms.

Video of the Day

Related Articles

Akima Subsidiary Books $499M USACE Design-Build Construction Services Contract Contract Awards

Akima Subsidiary Books $499M USACE Design-Build Construction Services Contract

An Akima subsidiary has secured a five-year, $499 million contract to provide design-build construction services to the U.S. Army Corps of Engineers Baltimore District. Jade Creek Construction will perform design-build and design-bid-build renovations and new construction projects and conduct repairs, modifications and alterations of existing buildings within the USACE Baltimore District’s areas of responsibility, Akima

Army Vet Mike Page Named Tsymmetry Business Development VP Executive Moves

Army Vet Mike Page Named Tsymmetry Business Development VP

Mike Page, a more than two-decade federal market executive and a retired U.S. Army major, has joined Arlington, Virginia-based government information technology services provider Tsymmetry as vice president of business development. He announced his appointment in a LinkedIn post published Tuesday. Prior to Tsymmetry, Page was executive director leading captures for ManTech‘s federal civilian sector

Chris Jenkins Promoted to Construction & Security Solutions Group President at Akima Executive Moves

Chris Jenkins Promoted to Construction & Security Solutions Group President at Akima

Chris Jenkins, formerly chief administrative officer at Akima, has been named president of the construction and security solutions group at the Herndon, Virginia-based technology services contractor. He will drive efforts to grow and expand the company’s construction and security capabilities into new markets and customer base, Akima said Thursday. Jenkins joined Akima in 2006 and