Virgin Orbit has purchased a 17.5 percent stake in hyperspectral satellite imaging company Hypersat in a move to expand the California-headquartered launch services provider’s space business. California-based Virgin Orbit said Wednesday it made the investment to provide critical information to customers for use in various missions such as defe...
A team of Babcock International Group, Elbit Systems’ U.K. subsidiary and QinetiQ has received a potential 13-year, $133.8 million contract to design, produce and deliver electronic warfare systems to the U.K. naval force. The industry team will integrate, support and update the Royal Navy’s sensor systems, radar electronic support measures and ...
Larry Prior, an operating executive for The Carlyle Group (Nasdaq: CG) and a five-time Wash100 Award recipient, will formally join the board of QinetiQ Group on Aug. 2 as an independent non-executive director. Neil Johnson, chairman of Qinetiq, said in statement Tuesday that Prior will bring to the company’s board his professional experience i...
Perspecta, the Chantilly, Virginia-based government technology services contractor, announced in January that it will be acquired by Veritas Capital for $7.1 billion in cash, or $29.35 per share. Veritas Capital, which holds approximately 14.5 percent of Perspecta’s outstanding shares, intends to combine Perspecta with Peraton, another governm...
U.K.-based defense technology company QinetiQ has signed a special security agreement with the Defense Counterintelligence and Security Agency to combine all of its defense and security operations in the U.S. under a single entity that will operate as QinetiQ Inc. Mary Williams, former president and CEO of sensor provider Manufacturing Techniques,...
John Gaddi, a more than two-decade finance and accounting professional, has joined Rockville, Md.-based health information technology provider CNSI as senior vice president of finance....
The U.S. Army has chosen four companies to each submit a prototype as part of the light Robotic Combat Vehicle development competition the National Advanced Mobility Consortium manages for the service branch....
QinetiQ announced on Wednesday that the company has entered into an agreement to acquire Manufacturing Techniques (MTEQ) on a cash-free, debt-free basis for $105 million to be paid in cash on completion. The transaction will more than double the size of QinetiQ™s U.S. operations. œThe acquisition of MTEQ is a significant step towards...
QinetiQ has agreed to buy Lorton, Va.-based sensor provider Manufacturing Techniques for approximately $105M in a push to establish a global defense and security company. The deal, which is subject to legal and regulatory approvals, involves an additional $20M in cash and stock payments contingent on financial performance over a three-year period, Q...
Mac Curtis, president and chief executive officer of Perspecta, was honored Wednesday, May 8th, during the Boy Scouts of America National Capital Area Council™s Good Scout Technology Award Luncheon at the Tysons Corner Marriott in Tysons, Va. Phil Nolan, general partner of Blue Delta Capital Partners, served as Good Scout chair for the event an...
