THIS WEEK'S TOP NEWS STORIES
Booz Allen Hamilton?(NYSE: BAH) has entered into a definitive?agreement to?acquire EverWatch, a leading provider of advanced solutions for defense and intelligence customers, the company announced on Wednesday. EverWatch will operate as a wholly owned subsidiary of Booz Allen once the acquisition officially closes during the latter’s?first quarter of its fiscal year 2023. For the transaction,?EverWatch retained?Baird?as financial adviser.
Margaret Palmieri, founder and former director of the Navy’s digital warfare office, has been appointed?deputy chief digital and artificial intelligence officer?at the Department of Defense.?John Sherman, chief information officer at DOD and a?2022 Wash100 Award?winner, announced Palmieri’s appointment Friday.
Sherman, who was named?acting CDAO in February,?will keynote the Potomac Officers Club’s?3rd Annual CIO Summit?on April 26. Visit the?POC Events?page to learn more about this upcoming in-person summit.
Envistacom?will?spin off its technology development business unit?- Advanced Technologies Group - into an independent company that will focus on the development of multibeam, multifrequency antenna systems and transport virtualization platforms. The?standalone entity will operate under the name Apothym Technologies Group and will be based in Peachtree Corners, Georgia.
Raytheon Technologies?(NYSE: RTX) has appointed 21-year company veteran?Barbara Borgonovi?to serve as?senior vice president of corporate strategy and development?starting April 1. She is currently the president of the intelligence, surveillance and reconnaissance systems group within the intelligence and space business.
Verizon’s government arm?has secured three task orders totaling $966.5 million from the Department of Defense to reshape and evolve?various network architectures. The GSA Enterprise Infrastructure Solutions task order awards call for Verizon Public Sector to assist the Pentagon, the DOD National Capital Region and Fort Belvoir with technical needs primarily involving voice and data, the company said Wednesday.
La'Naia Jones, a two-decade intelligence community veteran and former deputy chief information officer at the National Security Agency, has been named CIO of the CIA. “Jones’ experience and leadership will help CIA harness rapidly evolving digital technologies and strengthen key partnerships to advance our national security mission,”?Jennifer Ewbank, the CIA's deputy director for digital innovation and a?2022 Wash100 Award?recipient.?
A?Wolf Den Associates?analysis of the federal market shows that mergers and acquisitions in 2021 exceeded expectations when it comes to deal volume and valuations. The McLean, Virginia-based consulting firm reported that the sector saw a 38 percent rise in M&A transaction volume during 2021 and the bulk of the increase came from deals closed under $100 million in enterprise value.
Bill Marion, managing director at?Accenture Federal Services, recently spoke with?ExecutiveBiz?regarding his experience with the company over his first two years, including the core drivers of his role that made him want to join AFS. In addition, Marion also discussed the key factors that have led to AFS' company-wide success during the latest?Executive Spotlight?interview.
The Department of Defense has released its?implementation plan for the Joint All-Domain Command and Control?concept that aims to help the Joint Force facilitate information sharing and decision making through a warfighting network that will use artificial intelligence, machine learning, automation and predictive analytics.
As of Thursday, many executives held their positions from last week, fiercely holding off advancements from their competitors. Defense Secretary?Lloyd Austin,?Mary Petryszyn, corporate vice president of Northrop Grumman and Lt. Gen.?Robert Skinner, director of Defense Information Systems Agency, all remained in their positions from last week at numbers four, five and six, respectively.