Posts from GovConWire for 05/27/2016

Former Engility Finance Lead Michael Alber Joins KEYW as CFO & EVP

KEYW (Nasdaq: KEYW) has appointed Michael Alber, formerly chief financial officer at Engility (NYSE: EGL), as CFO and executive vice president. Alber will bring over three decades’ worth of corporate finance, accounting and administrative experience with federal government contractors…

Doug Davis: Intel to Buy Computer Vision Algorithms Provider Itseez

Intel (Nasdaq: INTC) has agreed to purchase Itseez, a developer of computer vision, machine learning and pattern recognition algorithms. Doug Davis, senior vice president and general manager of the Internet of Things group at Intel, wrote in a blog post published Thursday that Itseez will join Intel’s IoT group to develop deep-learning-based CV applications for customers…

QTS Appoints Former Carpathia CISO Jon Greaves as CTO; Chad Williams Comments

Jon Greaves, former Carpathia chief information security officer, has been named QTS Realty Trust‘s (NYSE: QTS) new chief technology officer in line with the latter’s efforts to build on its executive leadership…

BAE Secures $69M in Navy Ship Maintenance, Repair Contracts

BAE Systems has received two contracts worth up to $68.6 million to help the U.S. Navy repair and maintain the USS Farragut destroyer and the USS Fort McHenry dock landing ship The company said Thursday it will drydock USS Farragut this summer and perform tank, propulsion system, ventilation and auxiliary systems repairs as well as crew habitability systems and spaces maintenance under a potential $33…

Nicholas Masucci to Step Down as Louis Berger Chairman in July; Jim Stamatis Comments

Nicholas Masucci, chairman of the board of directors at Louis Berger, will retire from his role at the Morristown, New Jersey-based professional services firm on July 1. Masucci, who cited health issues as the reason for his retirement, will continue to serve as a non-executive board member on a part-time basis, Louis Berger said Thursday…

Microsoft, Facebook to Collaborate on Atlantic Subsea Cable Construction Project

Microsoft and Facebook have agreed to collaborate on the development of a new subsea cable system across the Atlantic Ocean in an effort to expand their cloud and Internet service offerings. Microsoft said Thursday construction work on the 6,600-kilometer “Marea” submarine cable infrastructure will begin in August and is scheduled to be finished by October 2017…

LMI VP James Kessler Joins Marine Corps Association & Foundation Board

James Kessler, vice president of the materiel management division at LMI, has been appointed as a board member of the Marine Corps Association and Foundation. LMI said Thursday the 33-year U.S. Marine Corps veteran will advise the foundation and represent marines and their family members under his new role…

Frank Kendall: DoD, Industry Partners Work to Sustain F-35 Lightning II Systems

Defense Department acquisition chief Frank Kendall has said DoD and its industry partners continue to make progress in all aspects of the F-35 Lightning II joint strike fighter program, DoD News reported Thursday…

Aerojet Rocketdyne, Space Systems Loral Products Reach Centennial Milestones

Aerojet Rocketdyne and commercial satellites manufacturer Space Systems Loral have achieved centennial milestones for their respective products. SSL sent to space its 100th SSL 1300-based satellite and Aerojet completed 100 bipropellant apogee thrusters for those 100 satellites, the latter company said Wednesday…

Symantec: SWIFT Financial Messaging Network Hack Linked to Sony, Asian Bank Attacks

A Symantec analysis has found that malware used by hackers to steal money from Bangladesh’s central bank via the Society for Worldwide Interbank Financial Telecommunication system is similar to malware that affected a Philippine bank in October, Reuters reported Friday…

May 26 Market Close: GovCon Index Down Slightly With Mixed Market Results

The GovCon Index closed down slightly 0.078 points to 78.195 with armored truck manufacturer Navistar International (NYSE: NAV) and CSRA (NYSE: CSRA) posting the largest percentage loses. CSRA conducted their fourth-quarter and full-year earnings call yesterday after the market close and posted mixed results, as reported in GovCon Wire…