Defense

Booz Allen Appoints Mac Thornberry to Board of Directors

Retrieved on: 
Monday, March 4, 2024

Booz Allen Hamilton Holding Corporation (NYSE: BAH), the parent company of consulting firm Booz Allen Hamilton Inc., announced today that it has appointed William McClellan “Mac” Thornberry to the Board of Directors, effective April 1, 2024.

Key Points: 
  • Booz Allen Hamilton Holding Corporation (NYSE: BAH), the parent company of consulting firm Booz Allen Hamilton Inc., announced today that it has appointed William McClellan “Mac” Thornberry to the Board of Directors, effective April 1, 2024.
  • Thornberry represented the 13th district of Texas in the U.S. House of Representatives from January 1995 until January 2021.
  • Thornberry brings distinguished expertise in national security, policymaking, and defense technology to Booz Allen.
  • He currently serves as chair of the board of directors of CAE USA and as a member of the board of directors of Fortinet Federal, Inc.

Blacklake Group Announces the Acquisition and Expansion of Sentinel, a Global Risk and Intelligence Advisory Firm

Retrieved on: 
Monday, March 4, 2024

Blacklake Group is pleased to announce the acquisition and expansion of Sentinel, a global risk and intelligence advisory firm focused on solving complex security problems on behalf of multinational corporations, critical institutions, and high-profile clients.

Key Points: 
  • Blacklake Group is pleased to announce the acquisition and expansion of Sentinel, a global risk and intelligence advisory firm focused on solving complex security problems on behalf of multinational corporations, critical institutions, and high-profile clients.
  • Sentinel's unparalleled expertise and risk-based methodology is augmented by cutting edge proprietary intelligence technologies that allow individuals and organizations to better manage their risk profile.
  • Founded in 2017, Sentinel established itself in the boutique advisory space and has expanded its executive leadership team post-acquisition.
  • Hamilton’s private sector contributions are focused on risk management, analysis of global threats, intelligence, and physical and cyber security.

Terran Orbital Corporation Adopts Limited Duration Stockholder Rights Plan; Independent Committee of the Board will Determine Course of Action in Best Interest of all Stockholders

Retrieved on: 
Monday, March 4, 2024

The Board adopted the Rights Plan following a non-binding proposal (the “Lockheed Proposal”) from Lockheed Martin Corporation (“Lockheed Martin”) on March 1, 2024 to acquire all outstanding shares of the Company’s common stock for cash.

Key Points: 
  • The Board adopted the Rights Plan following a non-binding proposal (the “Lockheed Proposal”) from Lockheed Martin Corporation (“Lockheed Martin”) on March 1, 2024 to acquire all outstanding shares of the Company’s common stock for cash.
  • However, there is no guarantee that a strategic transaction involving Lockheed Martin or any other party will be approved or consummated.
  • The Rights Plan will expire on the close of business on the first anniversary of the date of entry into the Rights Plan unless extended for two more years by stockholders.
  • The Board may consider an earlier termination of the Rights Plan if market and other conditions warrant.

BigBear.ai Completes Pangiam Acquisition: Establishes Combined Company as Breakout Leader in Vision AI for National Security, Supply Chain Management, and Digital Identity

Retrieved on: 
Friday, March 1, 2024

This strategic move accelerates and evolves BigBear.ai’s mission to create clarity for the world’s most complex decisions in three markets: national security, supply chain management, and digital identity.

Key Points: 
  • This strategic move accelerates and evolves BigBear.ai’s mission to create clarity for the world’s most complex decisions in three markets: national security, supply chain management, and digital identity.
  • The combined entity will create one of the industry’s most comprehensive Vision AI portfolios, combining facial recognition, image-based anomaly detection and advanced biometrics with BigBear.ai’s computer vision and predictive analytics capabilities.
  • Kevin McAleenan, CEO of Pangiam, has been announced as President, and will play a critical role in leading the combined business.
  • We believe the combined company is positioned to be a breakout leader, with both a proven track record of innovating in our target markets and cutting-edge products in development.

Beazer Homes and Partners Donate $1.9 Million to Fisher House Foundation

Retrieved on: 
Friday, March 1, 2024

Beazer Homes, alongside their partners, proudly announced the donation of $1.9 million to Fisher House Foundation this week.

Key Points: 
  • Beazer Homes, alongside their partners, proudly announced the donation of $1.9 million to Fisher House Foundation this week.
  • View the full release here: https://www.businesswire.com/news/home/20240301860088/en/
    Beazer Homes employees, trade partners and Fisher House staff gathered in Las Vegas to celebrate their fundraising efforts.
  • (Photo: Business Wire)
    The donation represents the culmination of extensive fundraising efforts by Beazer Homes employees, bolstered by the generous contributions from partners who directly donated to Fisher House.
  • Speaking on behalf of Beazer Homes, President and CEO Allan Merrill underscored the company's deep-rooted partnership with Fisher House Foundation, highlighting its significance as the company’s national charity partner.

OSI Systems to Present at Morgan Stanley Technology, Media & Telecom Conference

Retrieved on: 
Friday, March 1, 2024

OSI Systems, Inc . (NASDAQ: OSIS), today announced that it will present at the Morgan Stanley Technology, Media & Telecom Conference on Monday, March 4, 2024, at 08:00 AM PT.

Key Points: 

OSI Systems, Inc . (NASDAQ: OSIS), today announced that it will present at the Morgan Stanley Technology, Media & Telecom Conference on Monday, March 4, 2024, at 08:00 AM PT.
To listen to the live webcast of the presentation, please visit the investor relations section of the OSI Systems website.

AHF Opens Food Pantry for San Diego Veterans

Retrieved on: 
Friday, March 1, 2024

Food for Health , a program under the AIDS Healthcare Foundation (AHF), is launching the Heroes Pantry in San Diego this weekend to alleviate the burden of food insecurity among veterans, active duty servicemembers, and military families exacerbated by the high cost of living, especially for those facing health challenges or needing to cover medical expenses.

Key Points: 
  • Food for Health , a program under the AIDS Healthcare Foundation (AHF), is launching the Heroes Pantry in San Diego this weekend to alleviate the burden of food insecurity among veterans, active duty servicemembers, and military families exacerbated by the high cost of living, especially for those facing health challenges or needing to cover medical expenses.
  • The new Heroes Pantry will offer fresh vegetables and fruits sourced directly from farms, with a focus on providing healthy options tailored to veterans with specific dietary needs.
  • RAND reports that 1.4 million veterans struggle to access adequate food, leading to severe health implications.
  • "Veterans should not be forced to choose between basic necessities like rent and food,” added Wendy Calderon, VFW Post Commander.

inTEST Delays Fourth Quarter and Full Year 2023 Earnings Release and Investor Conference Call; Provides Preliminary Fourth Quarter Results and 2024 Guidance

Retrieved on: 
Thursday, February 29, 2024

The Company expects to report its results coincident with, or prior to, the filing of its Annual Report on Form 10-K for the year ended December 31, 2023.

Key Points: 
  • The Company expects to report its results coincident with, or prior to, the filing of its Annual Report on Form 10-K for the year ended December 31, 2023.
  • Fourth quarter 2023 revenue was approximately $28.4 million with net earnings of approximately $1.7 million, or $0.14 per diluted share.
  • First quarter 2024 earnings per diluted share is expected to be in the range of $0.08 to $0.13.
  • Actual results may differ materially from what is provided here today because of, among other things, the factors described under “Forward-Looking Statements” below.

VSE Corporation Announces Strategic Actions to Expand Aviation Aftermarket and Enhance Growth and Profitability

Retrieved on: 
Thursday, February 29, 2024

VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announces three significant strategic actions to transform its portfolio and strengthen its position in the Aviation aftermarket.

Key Points: 
  • VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announces three significant strategic actions to transform its portfolio and strengthen its position in the Aviation aftermarket.
  • “Today marks another important milestone in the execution of VSE’s transformation,” said John Cuomo, President and CEO of VSE Corporation.
  • VSE has initiated a process to explore and evaluate strategic alternatives involving the Company’s Fleet segment with a view to enhance shareholder value (the “Strategic Process”).
  • Jefferies LLC has been engaged as the financial advisor in connection with this Strategic Process.

COPT Defense to Present at Citi’s 2024 Global Property CEO Conference

Retrieved on: 
Thursday, February 29, 2024

COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced that its President & CEO, Stephen E. Budorick, will provide an overview of the Company and participate in a question and answer session at Citi’s 2024 Global Property CEO Conference.

Key Points: 
  • COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced that its President & CEO, Stephen E. Budorick, will provide an overview of the Company and participate in a question and answer session at Citi’s 2024 Global Property CEO Conference.
  • The presentation will be held on March 4, 2024 at 11:40 a.m. Eastern Time at The Diplomat Resort & Spa in Hollywood, Florida.
  • A live audio webcast of the presentation and materials encompassing the information provided during the presentation and conference will be available in the ‘News & Events – IR Calendar’ section of COPT’s Investors website: https://investors.copt.com/news-events/ir-calendar .
  • The replay of the presentation will be available until 11:59 p.m. Eastern Time on March 29, 2024.