GTEC (NASDAQ: GTEC) CEO John Hillen spoke with ExecutiveBiz today shortly after the firm announced it had reached an agreement to sell to Ares Management in an all-cash deal valued at $315 million. The deal, expected to close in the second quarter, will see GTEC shed its publicly-traded status and become an entirely private company. [...]
GTEC (NASDAQ: GTEC) is set to take part in the Raymond James’ 32nd Annual Institutional Investors Conference, to be held in Orlando, Fla. on March 7. The event will take place at the JW Marriott Orlando Grande Lakes. GTEC CFO Joe Cormier will present the firm’s financial performance and growth strategy at 8:40 a.m. The [...]
ATK’s (NYSE: ATK) Reusable Solid Rocket Motors propelled the Space Shuttle Discovery into orbit for the spacecraft’s last mission. Discovery’s crew embarked on an 11-day mission to the International Space Station yesterday. “As we near the conclusion of the Space Shuttle Program, we reflect on the dedicated workforce that has provided the most reliable, human-rated [...]
BAE Systems will be on hand at IDEX, an international defense exhibition held in Abu Dhabi this week, to display one of the RG12 MK4 Armored Personnel Carriers in produced for Dubai’s police force. The company recently filled a order for 10 of the vehicles issued in 2008. “The in-theatre RG12 vehicles are a valuable [...]
Lockheed Martin (NYSE: LMT) and Penn State developed a breakthrough material that could provide a noticeable improvement in the performance of spacecraft antennas. The electromagnetic metamaterial is touted by the firm as one of the first that is able to improve a real-world device. A metamaterial contains properties not found in nature, while an electromagnetic [...]
SRA International (NYSE: SRX) rolled out One Vault Messenger, an encryption solution for text messages for BlackBerries. Created for use for executives, first responders, and government agencies, the product makes use of an intuitive interface and leverages technology from Koolspan to defend against hackers and unwanted surveillance. “Today, both GSM and CDMA mobile networks lack [...]
While cloud computing is on the rise in the government, the benefits of the technologies are being realized by numerous small companies, including government contractors. “Small businesses that can’t afford the servers it takes to host a website or run certain business applications can borrow space from cloud companies that run massive data farms,” CNNMoney.com [...]
