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HUNTSVILLE, Ala. - Radiance Technologies announced Tuesday the appointment of Tony Moraco to its Board of Directors. Moraco previously served as Chief Executive Officer of Science Applications International Corporation (NYSE:SAIC) from 2013 until his retirement in August 2019.
During his tenure at SAIC, Moraco led the company through the 2013 separation of the $10 billion entity into Leidos Corporation and SAIC. Under his leadership, SAIC grew from $4 billion to $6.5 billion in revenue through strategic acquisitions, including Scitor Corporation and Engility Holdings.
Prior to SAIC, Moraco spent six years at Boeing, serving as deputy general manager of mission systems in the Space & Intelligence Systems organization and as director of Homeland Security Technology Integration. His career began at Autometric, Inc. in 1984, where he advanced to senior vice president for Corporate Development before Boeing acquired the company in 2000.
"We’re excited to have Tony join our board," said Bill Bailey, Radiance’s CEO, in a press release statement.
Since retiring from SAIC, Moraco has provided consulting services to AEA Investors and GLG. In 2021, he joined the board of Curtiss-Wright Corporation (NYSE:CW), which has seen impressive growth with a 64% return over the past year. The company maintains strong financial health according to InvestingPro analysis, with a market capitalization of approximately $19 billion and a remarkable 52-year track record of consecutive dividend payments.
Moraco holds a Master of Science in Geodetic Sciences and a Bachelor of Science in Civil and Environmental Engineering from Virginia Tech.
Radiance Technologies, founded in 1999, is an employee-owned defense contractor with over 1,200 employee-owners across the United States, serving the Department of Defense, intelligence community, and other government agencies.
In other recent news, Curtiss-Wright Corporation reported strong financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $3.23, exceeding the forecasted $3.10, while revenue reached $877 million, above the anticipated $856.15 million. Additionally, Curtiss-Wright announced a significant $200 million expansion of its 2025 share repurchase program. This expansion brings the company’s expected annual share repurchases to $266 million for the year. The additional repurchase will be implemented immediately through a 10b5-1 program. Curtiss-Wright is also continuing with its existing $60 million share repurchase program initiated in January 2025. Upon completion of both programs, the company will have $334 million in remaining open repurchase authorization. These recent developments highlight Curtiss-Wright’s strategic financial maneuvers and its commitment to enhancing shareholder value.
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