Navy

Bowman Enters into Definitive Agreement to Acquire Surdex Corporation, Adding High-Altitude Digital Imagery, Digital Mapping and Advanced Geospatial Services

Retrieved on: 
Wednesday, April 3, 2024
Software, Construction & Property, Consulting, Engineering, Professional Services, Technology, Other Construction & Property, Manufacturing, Built environment, Digital, GIS, Acquisition, Transport, Engineer, United States Geological Survey, Unmanned aerial vehicle, Public sector, Lidar, Navy

By combining traditional photogrammetric processes with state-of-the-art technology, Surdex provides reliable and accurate geospatial data with resolutions that make the imagery extremely flexible and valuable.

Key Points: 
  • By combining traditional photogrammetric processes with state-of-the-art technology, Surdex provides reliable and accurate geospatial data with resolutions that make the imagery extremely flexible and valuable.
  • Surdex possesses the in-house resources and skilled professional workforce necessary to undertake virtually any photogrammetric mapping project with any combination of digital orthoimagery, LiDAR, and/or digital topographic or planimetric mapping.
  • “Surdex’s portfolio of high-resolution image capture, orthoimage processing, and digital mapping services provides tremendous revenue synergy opportunities with our customers.
  • Adding state-of-the-art, high-altitude services to Bowman’s extensive array of terrestrial and low-altitude capabilities will create a compelling suite of full-service geospatial solutions.

Curtiss-Wright Completes Acquisition of WSC, Inc.

Retrieved on: 
Tuesday, April 2, 2024
Maritime, Engineering, Transport, Aerospace, Manufacturing, Energy, Government Technology, Nuclear, Defense, University, WSC, Risk, NRC, ASMR, Curtiss-Wright, TerraPower, Acquisition, Sodium, United States Navy, Nuclear Regulatory Commission, Plant, CW, Power, Navy, Renewable energy

Curtiss-Wright Corporation (NYSE: CW) today announced that it has completed the acquisition of WSC, Inc. for approximately $34 million in cash.

Key Points: 
  • Curtiss-Wright Corporation (NYSE: CW) today announced that it has completed the acquisition of WSC, Inc. for approximately $34 million in cash.
  • The acquired business will operate within Curtiss-Wright's Naval & Power segment.
  • In addition, generic simulators are used at universities, regulatory agencies, training centers and plants to offer classroom-based training on the operation of nuclear plants under normal and abnormal conditions.
  • WSC, which was founded in 1995 and employs approximately 45 people, maintains operations in Frederick, MD.

Navy Federal Credit Union Now Operates Department of Defense Overseas Military Banking Facilities

Retrieved on: 
Tuesday, April 2, 2024
Professional Services, Defense, Insurance, Military, Finance, Banking, Veterans, Active duty, Navy Federal Credit Union, ATM, Community Bank, MBF, Credit, Navy, Bank

Navy Federal Credit Union has officially started operating the Military Banking Facilities (MBF) overseas, known as "Community Bank."

Key Points: 
  • Navy Federal Credit Union has officially started operating the Military Banking Facilities (MBF) overseas, known as "Community Bank."
  • These MBFs are part of the Department of Defense (DoD) Overseas Military Banking Program.
  • MBFs overseas will now be co-branded as "Community Bank, Operated by Navy Federal Credit Union.”
    “The Overseas Military Banking Program fits our core values at Navy Federal and is consistent with our primary mission of supporting Active Duty military members and their families,” said Kara Cardona, COO of Navy Federal.
  • While Navy Federal Credit Union now operates these MBFs overseas, these institutions will remain as separate entities.

NextFlex Announces 2024 Fellows Awards for Five Outstanding Recipients

Retrieved on: 
Thursday, March 28, 2024
Hardware, IOT (Internet of Things), Chemicals, Plastics, Automotive Manufacturing, Aerospace, Manufacturing, Government Technology, Technology, Audio, Video, Defense, Military, Science, Telecommunications, Engineering, Research, Manufacturing USA, Tissue engineering, General Electric, USMC, Electrical engineering, Laser, Education, Madhu, Honeywell, Electronics, BD (company), AFRL, Plaque, NASA, STEM, SME, Miniaturization, Sigma, Printed electronics, Multimedia, Lighting, NRO, DARPA, Navy, Air Products, Management

NextFlex®, America's Hybrid Electronics Manufacturing Institute, presented the annual NextFlex Fellow Awards to five deserving individuals in recognition of their exceptional commitment to advanced manufacturing and the additive hybrid electronics member community.

Key Points: 
  • NextFlex®, America's Hybrid Electronics Manufacturing Institute, presented the annual NextFlex Fellow Awards to five deserving individuals in recognition of their exceptional commitment to advanced manufacturing and the additive hybrid electronics member community.
  • A NextFlex Fellow demonstrates leadership and subject matter expertise in support of the NextFlex mission.
  • View the full release here: https://www.businesswire.com/news/home/20240328483614/en/
    Left photo: 2024 Fellows Award recipients are presented with plaques by the NextFlex Co-Executive Directors.
  • These outstanding trailblazers exemplify what’s best about our member community as they help drive the NextFlex mission forward.

Iron Bow Joins Peraton in Supporting $2.8B Special Operations Forces IT Enterprise Contract

Retrieved on: 
Tuesday, March 26, 2024
Technology, Contracts, Security, Military, Software, Networks, Government Technology, Data Management, Defense, SIE, Iron, EOM, Air force, Special operations, VTC, USSOCOM, Peraton, Special forces, Government, Navy, Management

Iron Bow Technologies , the next-generation technology solutions provider to government, commercial, and healthcare markets, today announced it has joined Peraton in the implementation of the $2.8 billion Special Operations Forces IT Enterprise Contract (SITEC) 3 Enterprise Operations & Maintenance (EOM) task order.

Key Points: 
  • Iron Bow Technologies , the next-generation technology solutions provider to government, commercial, and healthcare markets, today announced it has joined Peraton in the implementation of the $2.8 billion Special Operations Forces IT Enterprise Contract (SITEC) 3 Enterprise Operations & Maintenance (EOM) task order.
  • This task order aims to deliver advanced IT solutions and network services to the US Special Operations Command (USSOCOM), its Component Commands, Theater Special Operations Commands (TSOCs), deployed forces, CIO/J6, and end-users over an eight-year duration.
  • “Special Operations Forces play a vital role in safeguarding US national security, navigating some of the world’s most demanding environments,” said Rob Watson, Vice President, Sales (Air Force, Navy, and Marines), Iron Bow Technologies.
  • “We’re honored to bring a world-class team of innovators, like Iron Bow, on board to support the USSOCOM mission,” said Tarik Reyes, President, Defense Mission and Health Solutions sector, Peraton.

Technology Advancement Center Expands Leadership Team with Three Key Hires

Retrieved on: 
Monday, March 25, 2024
Software, Mobile, Wireless, Networks, Other Defense, Internet, Data Management, Technology, Defense, Security, Homeland Security, Other Technology, Public Policy, Government, CIO, Culture, SIGINT, Data analysis, Intelligence, Risk, Security agency, Technical, USCYBERCOM, Small business, Teal, Senior advisor, NSA, STEM, Air force, Creativity, Safety, Workforce, Navy, Management

The Technology Advancement Center (TAC), a cybersecurity nonprofit driving small business and academic engagement, STEM and workforce development opportunities, and proof of concept innovation, proudly announces three new leadership hires: Monty Mills as Chief Information Officer, Greg Wessel as Chief Technology Officer, and Tim Teal as Senior Advisor.

Key Points: 
  • The Technology Advancement Center (TAC), a cybersecurity nonprofit driving small business and academic engagement, STEM and workforce development opportunities, and proof of concept innovation, proudly announces three new leadership hires: Monty Mills as Chief Information Officer, Greg Wessel as Chief Technology Officer, and Tim Teal as Senior Advisor.
  • “Hand selected for their expertise and backgrounds in both government and technology, these leaders will play key roles in expanding TAC’s ability to support the innovation needed to advance our nation’s cyber capabilities.
  • Wessel said, “I’m eager to work with TAC’s leadership to implement new and cutting-edge infrastructure for the organization.
  • For more information about TAC, including details about upcoming events and opportunities to network with the industry, please visit https://thetac.tech/.

Laser Photonics Corporation Enters Distribution Agreement With Incredible Supply & Logistics for Its Military & Industrial Laser Solutions

Retrieved on: 
Thursday, March 21, 2024
Automotive, Textiles, Steel, Packaging, Utilities, Engineering, Chemicals, Plastics, Automotive Manufacturing, Aerospace, Energy, Manufacturing, Logistics, Supply Chain Management, VoIP, Public Transport, Contracts, Satellite, Small Business, Trucking, Rail, General Health, Maritime, Defense, Air, Transport, Telecommunications, General Automotive, Health, Commercial Building & Real Estate, Construction & Property, Technology, Building Systems, Professional Services, Government, ISL, LPC, Partnership, MRO, Industrial Distribution, Coast guard, Missile Defense Agency, Defense Logistics Agency, Navy, Army, 3D printing

Laser Photonics Corporation (NASDAQ: LASE) ( LPC ), a leading global developer of industrial laser systems for laser cleaning and other material processing applications announced today that it has entered into a distribution agreement with Incredible Supply & Logistics (ISL), an award-winning product distribution, mission kitting, and third-party logistics (3PL) company specializing in supporting federal government customers and defense contractors as well as serving the maritime & space communities.

Key Points: 
  • Laser Photonics Corporation (NASDAQ: LASE) ( LPC ), a leading global developer of industrial laser systems for laser cleaning and other material processing applications announced today that it has entered into a distribution agreement with Incredible Supply & Logistics (ISL), an award-winning product distribution, mission kitting, and third-party logistics (3PL) company specializing in supporting federal government customers and defense contractors as well as serving the maritime & space communities.
  • “This partnership will increase our customer base and expand our distributor network while equipping an industry-leading supplier with the cutting-edge industrial laser solutions that Government and Defense clients have been demanding,” said Wayne Tupuola, CEO of Laser Photonics.
  • Laser Photonics joined with ISL in mid-February 2024.
  • As part of this vendor agreement, the initial products that will be offered through ISL will include:

Rear Admiral Alan Reyes Joins Academy Securities’ Advisory Board and Geopolitical Intelligence Group

Retrieved on: 
Tuesday, March 19, 2024
Professional Services, Defense, Military, Finance, Asset Management, Banking, Veterans, United States Pacific Fleet, United States Central Command, MBE, SDVOSB, Minority business enterprise, Business, Navy, Rear, Harvard Business School, University, USO, Security (finance), Naval Supply Systems Command, Commerce, Multimedia, Navy Supply Corps, Commander, Financial services

Academy Securities, a registered broker-dealer, certified Disabled Veteran Business Enterprise (DVBE), and Minority Business Enterprise (MBE), today announced the addition of Rear Admiral Alan Reyes to its Advisory Board and Geopolitical Intelligence Group.

Key Points: 
  • Academy Securities, a registered broker-dealer, certified Disabled Veteran Business Enterprise (DVBE), and Minority Business Enterprise (MBE), today announced the addition of Rear Admiral Alan Reyes to its Advisory Board and Geopolitical Intelligence Group.
  • View the full release here: https://www.businesswire.com/news/home/20240319551477/en/
    Rear Admiral Alan Reyes (Photo: Business Wire)
    Rear Admiral Alan Reyes retired from the United States Navy after 32 years of combined service in the active and reserve forces.
  • “Academy is honored to welcome Admiral Reyes to the firm’s Advisory Board,” stated Academy’s Chairman and CEO Chance Mims, “He is a skilled advisor with impressive experience who will make a great addition to our team.”
    Admiral Reyes commented on joining Academy Securities: “I am excited to join the impressive Academy Securities team.
  • “With his unique background and expertise at the intersection of geopolitical risk and global logistics, Admiral Reyes will add substantial value to our Geopolitical Intelligence Group and enhance Academy’s offering to our clients and partners,” stated Academy’s President Phil McConkey.

Aminad Grows and Evolves Leadership Team with Two Key Promotions

Retrieved on: 
Friday, March 15, 2024
Retail, Human Resources, Military, Consulting, Public Policy, Government, Supply Chain Management, Small Business, Home Goods, Professional Services, Defense, Other Defense, Contracts, White House, Federal Government, Financial management, Organization, Consultant, W. W. Grainger, Navy, Management

Aminad Consulting, a boutique management consulting firm specializing in supply chain and operations strategy, announced today two strategic promotions set to strengthen and grow their leadership team.

Key Points: 
  • Aminad Consulting, a boutique management consulting firm specializing in supply chain and operations strategy, announced today two strategic promotions set to strengthen and grow their leadership team.
  • Their leadership has helped lead Aminad to tremendous growth and the development of a world-class firm culture.
  • Kevin joined the Leadership Team focused on firm growth strategy, business development and providing subject matter expertise to Aminad clients.
  • “I’m looking forward to continuing to help the company grow and provide great work to our clients as a part of the leadership team.”

SAIC Announces Fourth Quarter and Full Fiscal Year 2024 Results

Retrieved on: 
Monday, March 18, 2024
Other Manufacturing, Technology, Other Defense, Contracts, Engineering, Other Technology, Aerospace, Manufacturing, Defense, Artificial Intelligence, MUFG Bank, LTD, Exercise, Sale, Naval Surface Warfare Center, Spacecraft, WR, SAIC, Space Systems Command, Navy, FSA, United States Space Force, Certification, Vandenberg Space Force Base, Big Idea, Public expenditure, Submarine, Digital transformation, MK 48, Supply chain, Intelligence, SSP, Organization, MARPA, Acceleration, Patrick Space Force Base, Acquisition, Supply, NSWC, Torpedo, Army Reserve Command, USARC, HWIL, Life, Hardware, Video game

Fiscal year 2024 consisted of 52 weeks, while fiscal year 2023 consisted of 53 weeks with the extra week occurring in the fourth quarter.

Key Points: 
  • Fiscal year 2024 consisted of 52 weeks, while fiscal year 2023 consisted of 53 weeks with the extra week occurring in the fourth quarter.
  • Diluted earnings per share for the quarter was $0.74 compared to $1.34 in the prior year quarter.
  • Adjusted diluted earnings per share(1) was $1.43 for the quarter compared to $2.04 in the prior year quarter.
  • The weighted-average diluted shares outstanding during the quarter decreased to 52.7 million shares from 55.3 million during the prior year quarter.