Author: Jamie Bennet|| Date Published: May 25, 2023
Private equity firm FR Capital has purchased data management and communications technology provider Fregata Systems in a bid to penetrate the market for command, control, communication, computers, cyber, intelligence, surveillance and reconnaissance platforms.
The acquisition is one of FR Capital’s planned strategic investments in the C5ISR sector for the next 36 months, FR Capital co-creator FON Advisors said Monday.
Mike Twyman, former president of Cubic‘s mission solutions business and previous Wash100 Award recipient, will lead Fregata as its CEO. He previously held a 14-year career at Northrop Grumman (NYSE: NOC) that included tenure as vice president and general manager of the company’s defense systems division.
FON Advisors, a financial advisory company focused on the aerospace, defense and government services industries, formed FR Capital with investment firm Rotor Capital.
Noblis MSD has won a five-year, single-award IDIQ contract to provide end-to-end engineering services for the Network Integration Engineering Facility…
The acquisition expands Empower AI’s capabilities in AI, cloud, data management and DevSecOps Highlight Technologies adds digital modernization and AI-driven…
Lockheed Martin will add Ultra Maritime’s sonar, sonobuoys, torpedo defense and autonomous maritime sensing capabilities Ultra Maritime’s portfolio will strengthen…
