Posts from ExecutiveBiz for 12/15/2015

Northrop to Replace Navy Ship Inertial Navigation System; Todd Leavitt Comments

Northrop Grumman has won a potential five-year, $47.8 million contract to build new inertial navigation systems for U.S. Navy ships to replace a system in use for more than 20 years. The company and service branch will design the Replacement Inertial Navigation System to work with the new Navy assured positioning navigation and timing architecture for use in combat settings, Northrop said Tuesday…

MACOM Buys Cobham’s Aeroflex Diode Portfolio for $38M Cash

M/A-COM Technology Solutions Holdings (Nasdaq: MTSI) has bought the Aeroflex radio frequency and microwave diode portfolio of Cobham through a $38 million cash transaction. John Croteau, MACOM president and CEO, said Monday the deal is intended to complement the company’s semiconductor business and that he expects the acquisition to be accretive on earnings and operating margin of the company…

ManTech Receives $34M Army Intell System Services Contract

ManTech International Corp. has received a $34 million contract to support a U.S. Army initiative to modernize its intelligence component. ManTech said Tuesday it will develop software, certify information assurance and provide intelligence, surveillance and reconnaissance support to the Distributed Common Ground System-Army programs…

DARPA Seeks Proposals for $77M Power Grid Cyber Detection Program; John Everett Comments

The Defense Advanced Research Projects Agency has asked industry to submit proposals for a potential four-year, $77 million program that aims to develop systems that will work to detect and respond to cyber attacks on the U…

Sens. Cassidy, Peters File Software License Mgmt Reform Bill

Senators Bill Cassidy (R-La.) and Gary Peters (D-Mich.) have filed a bill that seeks to overhaul the way the federal government manages information technology software licenses. The proposed Making Electronic Government Accountable By Yielding Tangible Efficiencies Act of 2015 will require agencies to define roles for the management of enterprise software licenses, Cassidy’s office said in an announcement posted Dec…

Booz Allen-Kaggle Competition Seeks Algorithms for Heart Disease Diagnosis; Josh Sullivan Comments

Booz Allen Hamilton and data science community Kaggle have launched their second annual competition that aims to encourage participants to develop algorithms that will work to help speed up heart disease diagnosis…

WSJ: VMware Backs Out From Cloud Joint Venture Plan With EMC

VMware (NYSE: VMW) has canceled plans to form a joint venture with EMC (NYSE: EMC) that will work to combine both companies’ cloud services, the Wall Street Journal reported Monday. Don Clark writes that a spokesman for VMware told the Journal the company will continue to run vCloud Air as a separate cloud service following the cancellation of the joint venture plan…

John McAdam Named F5 Networks President, CEO

John McAdam, chairman of the board of directors at F5 Networks (Nasdaq: FFIV), will assume the duties of president and CEO at the technology company effective immediately. F5 said Monday Alan Higginson, lead independent director at F5, will take over as non-executive chairman of the board and that McAdam will continue to serve as a board member…