Tony Moraco's New Role at Radiance Technologies Boosts Growth
Strengthening Leadership at Radiance Technologies
Radiance Technologies is delighted to welcome Tony Moraco to its Board of Directors. Moraco, who is recognized for his leadership as the former Chief Executive Officer of Science Applications International Corporation (NYSE: SAIC), is set to significantly contribute to the company's ongoing growth and transformation.
Valuable Experience in the Defense Sector
Moraco's background in national security and his extensive experience in various sectors makes him a vital asset for Radiance. He has a robust track record of navigating complex acquisitions and organizational changes, which aligns perfectly with the company's mission of providing exceptional services to the defense and intelligence sectors. Bill Bailey, Radiance's CEO, expressed enthusiasm about Moraco's insights, stating, "We're excited to have Tony join our board, as he's been through the battles of growing and transforming major defense companies." This perspective is crucial as Radiance continues to scale its operations.
Achievements at SAIC
During his tenure at SAIC, Moraco orchestrated significant events, including the notable 2013 separation of SAIC from Leidos Corporation, leading to a crucial transformation for the defense contractor. Under his guidance, SAIC's revenues soared from $4 billion to an impressive $6.5 billion by leveraging strategic acquisitions, which also included highly regarded firms such as Scitor Corporation and Engility Holdings. His effectiveness as a leader propelled SAIC’s stock price to more than double, showcasing marked improvements across profitability and cash flow.
A Diverse Professional Background
Prior to his remarkable stint at SAIC, Moraco made impactful contributions at Boeing, where he held the position of deputy general manager in the Space & Intelligence Systems division. His role emphasized advancements in national security technologies, further emphasizing the importance of his expertise at Radiance, especially as it tackles complex governmental contracts and develops innovative security solutions.
Consulting and Board Roles After SAIC
Since departing from SAIC, Moraco has not slowed down. He has lent his expertise as a consultant for AEA Investors, which boasts an impressive portfolio managing $15 billion in assets. Additionally, he functions on the board of Curtiss-Wright Corporation (NYSE: CW), serving on the Finance Committee as well as the Human Resources and Compensation Committee, ensuring his influence continues across the industry.
Educational Background and Professional Contribution
Academically, Moraco holds advanced degrees from Virginia Tech, where he gained a Master of Science in Geodetic Sciences and a Bachelor of Science in Civil and Environmental Engineering. His contributions were recognized in 2014 through his induction into the CEE Academy of Distinguished Alumni at Virginia Tech. Beyond his corporate roles, he actively engages in several boards, including Northern Virginia Technology Council and the Intelligence and National Security Alliance (INSA), aimed at fostering ethics and standards within the defense industry.
About Radiance Technologies
Established in 1999, Radiance Technologies prides itself on being an employee-owned prime contractor that serves a wide spectrum of clients, including the Department of Defense and various government agencies. With a team of over 1,200 employee-owners, the company specializes in areas ranging from cybersecurity to operational intelligence and strategic planning. Its commitment to delivering customer-focused solutions underscores the essence of Radiance's mission.
Frequently Asked Questions
Which significant role did Tony Moraco hold before joining Radiance Technologies?
Before his position at Radiance Technologies, Tony Moraco was the Chief Executive Officer of Science Applications International Corporation (NYSE: SAIC).
What expertise does Moraco bring to the Radiance Technologies board?
Moraco brings a wealth of experience in national security, cybersecurity, and organizational transformations, essential for the company's growth.
How has Radiance Technologies positioned itself in the industry?
Radiance Technologies positions itself as a leading partner for the Department of Defense and intelligence community by providing innovative solutions in various technological areas.
What are some of the key achievements of Moraco during his career?
Moraco led successful strategic acquisitions at SAIC, growing revenue significantly and enhancing the company's profitability and stock performance.
When was Radiance Technologies founded?
Radiance Technologies was founded in 1999 and has grown into a respected player in providing prime contracting services.
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