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Category: Industry News

Jacobs to Spin Off Critical Mission Solutions Business; Steve Arnette to Lead Independent CompanyIndustry News

Jacobs to Spin Off Critical Mission Solutions Business; Steve Arnette to Lead Independent Company

Jacobs (NYSE: J) will spin off its critical mission solutions business into an independent company focused on providing applied science
Pentagon Reinstates Pre-Pandemic Progress Payment Rate for Large BusinessesIndustry News

Pentagon Reinstates Pre-Pandemic Progress Payment Rate for Large Businesses

The Department of Defense has moved to update the rates of progress payments meant to help defense contractors mitigate the
V2X Relocates HQ to Tysons Corner; Chuck Prow QuotedIndustry News

V2X Relocates HQ to Tysons Corner; Chuck Prow Quoted

V2X (NYSE: VVX) has transferred its headquarters to a new office space in Fairfax County, Virginia, as part of efforts
Kathleen Hicks: President’s Proposed FY24 DOD Budget Invests $6B in Defense Industrial BaseIndustry News

Kathleen Hicks: President’s Proposed FY24 DOD Budget Invests $6B in Defense Industrial Base

Kathleen Hicks, deputy secretary of the Department of Defense, said President Joe Biden’s defense budget request of $842 billion for
Amentum Picks Fairfax County for New HQ; John Heller QuotedIndustry News

Amentum Picks Fairfax County for New HQ; John Heller Quoted

Amentum will transfer its headquarters from Germantown, Maryland, to Chantilly, Virginia, as the company works to consolidate operations following its
Report: Tech Companies Step Up Ukraine Support at Defense Conference in GermanyIndustry News

Report: Tech Companies Step Up Ukraine Support at Defense Conference in Germany

Microsoft (Nasdaq: MSFT), Google and other U.S. technology companies attended a three-day defense conference in Munich to strengthen their support
AIA’s Eric Fanning Cites Need for Government Investment to Secure US Critical Mineral Supply ChainIndustry News

AIA’s Eric Fanning Cites Need for Government Investment to Secure US Critical Mineral Supply Chain

Eric Fanning, president and CEO of the Aerospace Industries Association and a previous Wash100 Award winner, highlighted the key role
CSIS Study Looks at US Defense Industrial Base’s Ability to Back Protracted Conflict With ChinaIndustry News

CSIS Study Looks at US Defense Industrial Base’s Ability to Back Protracted Conflict With China

A Center for Strategic and International Studies report indicates the Russia-Ukraine war has uncovered supply challenges in the U.S. weapons
Defense Contractor Xcelerate Secures Investment From McNally Capital, Nio Advisors; Mark Drever QuotedIndustry News

Defense Contractor Xcelerate Secures Investment From McNally Capital, Nio Advisors; Mark Drever Quoted

Chicago-based private equity firm McNally Capital and Nio Advisors have invested in defense and national security company Xcelerate Solutions in
Appeals Court Blocks White House’s Federal Contractor Vaccine MandateIndustry News

Appeals Court Blocks White House’s Federal Contractor Vaccine Mandate

The U.S. Court of Appeals for the Sixth Circuit rejected in a unanimous ruling the Biden administration’s mandate that requires