Former SAIC CEO Tony Moraco Joins Radiance Technologies Board as Company Accelerates Growth
Rhea-AI Summary
Radiance Technologies has appointed former SAIC CEO Tony Moraco to its Board of Directors. During his tenure at SAIC (2013-2019), Moraco led the company through significant transformation, including the separation of a $10 billion entity into Leidos Corporation and SAIC, growing the latter's revenue from $4 billion to $6.5 billion through strategic acquisitions.
Moraco brings extensive expertise in national security, space systems, cybersecurity, and government contracting. He currently serves on the board of Curtiss-Wright Corporation (NYSE: CW) and holds advisory roles with AEA Investors and GLG. His appointment comes as Radiance Technologies aims to accelerate its growth in the defense and national security sectors.
Positive
- Appointment of highly experienced former SAIC CEO with proven track record of growing revenue from $4B to $6.5B
- Demonstrated success in complex acquisitions and organizational transformations
- Strong expertise in key areas: national security, space systems, cybersecurity, and government contracting
- History of delivering shareholder value (SAIC stock price more than doubled during his tenure)
Negative
- None.
"We're excited to have Tony join our board," said Bill Bailey, Radiance's CEO. "He's been through the battles of growing and transforming major defense companies, and that's exactly the kind of real-world experience we need as we continue scaling our business and serving our customers."
Mr. Moraco brings extensive expertise in national security, space systems, cybersecurity, and government contracting, with a particular focus on complex acquisitions and organizational transformations. His experience serving military and intelligence communities provides deep insight into the markets Radiance serves.
During his tenure at SAIC, Mr. Moraco led the 2013 separation of the
Before joining SAIC in 2006, Mr. Moraco spent six years at Boeing, where he served as deputy general manager of mission systems in the Space & Intelligence Systems organization and as director of Homeland Security Technology Integration. He began his career at Autometric, Inc. in 1984, advancing to senior vice president for Corporate Development before the company was acquired by Boeing in 2000.
Since retiring from SAIC, Mr. Moraco has provided consulting services to AEA Investors, a private equity firm with
Mr. Moraco holds a Master of Science in Geodetic Sciences and a Bachelor of Science in Civil and Environmental Engineering (CEE) from Virginia Tech. He was inducted into Virginia Tech's CEE Academy of Distinguished Alumni in 2014.
He currently serves on the boards of the Northern Virginia Technology Council and the Intelligence and National Security Alliance (INSA), and he previously chaired the Defense Industry Initiative on Business Ethics and Conduct Steering Committee.
About Radiance Technologies:
Radiance Technologies is an employee-owned prime contractor founded in 1999. With over 1,200 employee-owners across
Contact:
Julia Parrish
julia.parrish@radiancetech.com
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SOURCE Radiance Technologies