Veritas Capital has raised $14.4 billion in capital commitments for its ninth fund, allowing it to further advance its strategy of investing in technology companies that provide mission-critical products and services for government and commercial customers worldwide. The New York-based private equity firm said the oversubscribed Fund IX exceeded the...
UES, a business unit of BlueHalo acquired by Aerovironment in May, has been awarded contracts with a combined value of $747.1 million by the U.S. Air Force to provide research services for the High-Performance Electromagnetic Spectrum Survivable Materials Advancement program. HELMSSMAN Contract Scope The Department of Defense said Wednesda...
Justin Falck, head of product for endpoint security at Broadcom, said government agencies can become more proactive in detecting, preventing and responding to security risks and breaches by having real-time visibility into data and endpoints across their network. “That visibility is a crucial first step in the shift to threat-informed prioriti...
While the AI boom seemingly began in Silicon Valley with OpenAI’s ChatGPT three years ago, 2025 has been proof that China is highly competitive in the artificial intelligence field — if not the frontrunner. The Eastern superpower is building its own open-source AI programs that have demonstrated high performance as they put ubiquity and eff...
Textron subsidiary Airborne Tactical Advantage Company, or ATAC, has won a task order from the U.S. Marine Corps to support the service’s F-35 stealth strike fighter flight training. The task order, valued at up to $198 million, was awarded under the Combat Air Force Combat Air Support II multiple-award, indefinite-delivery/indefinite-quantity...
General Atomics’ aeronautical systems business unit has received a U.S. Air Force contract with a ceiling value of $14.1 billion to support the development, procurement, sustainment and retrofit of the MQ-9 Reaper remotely piloted aircraft system. International Remotely Piloted Aircraft IDIQ Solution Contract Scope The Department of War said T...
AMERICAN SYSTEMS has acquired managed IT services firm Epsilon as part of efforts to broaden its client base and expand its service offerings in support of federal and commercial customers. CEO John Steckel on Epsilon Acquisition “Acquisitions are an important element of our growth strategy, and we work hard to ensure that we select companies...
The U.S. Army has awarded contracts with a combined total of $354 million to Anduril Industries and Rivet Industries to develop and deliver new warfighter capabilities as part of the Soldier Borne Mission Command, or SBMC, program. Anduril received a $159 million contract, while Rivet executed a $195 million deal for the SBMC, the companies...
AEVEX Aerospace, an unmanned platforms company based in California, has expanded its capabilities and product portfolio with the acquisition of assets and intellectual property from Virginia-headquartered uncrewed aircraft systems manufacturer RapidFlight. AEVEX said the new acquisitions will give customers more options across size, endurance and pa...
Boeing has secured a U.S. Army contract modification worth $343.9 million to exercise options for remanufactured aircraft and related support services. The Department of War said Friday the modification brings the contract’s total cumulative face value to approximately $3.43 billion. Army Contracting Command is the contracting activity and wil...
