Global alternative asset manager Tikehau Capital has agreed to buy ruggedized displays provider ScioTeq from private equity firm OpenGate Capital through its aerospace and defense fund. According to a joint release published Monday, the firms expect the transaction to close by the fourth quarter of 2025. Upon the deal’s closing, OpenGate will ...
Lockheed Martin has named Craig Martell, a two-time Wash100 Award recipient, as its new vice president and chief technology officer, effective Monday. Martell will bring over two decades of experience in both the government and private sectors, including at the Department of Defense and commercial technology organizations, Lockheed Martin said Monda...
Are you ready to gain unparalleled insights, forge important connections and lead the future of defense contracting? Time is ticking! Today, June 17, is the final deadline to register for the 2025 DOD Summer Series, a trio of groundbreaking GovCon events from Potomac Officers Club. For the first time in the organization’s history, yo...
The U.S. Air Force has awarded Beyond New Horizons a $101.6 million modification to a previously awarded Test Operations and Sustainment II contract, increasing the TOS II contract value from $3.86 billion to $3.96 billion. According to the Department of Defense, the modification provides for test operations, technology development, equipment ...
The State Department has approved the Netherlands’ foreign military sales request worth about $215 million for AGM-179A joint air-to-ground missiles, or JAGM, and related equipment and support services. The Defense Security Cooperation Agency said Thursday Lockheed Martin will be the principal contractor in the proposed FMS deal, which seeks t...
Oshkosh Defense has been awarded a $792.4 million contract modification by the U.S. Army to continue manufacturing the Family of Medium Tactical Vehicles A2 variants. Scope of the FMTV A2 Contract The Department of Defense said Wednesday the Wisconsin-based company secured a three-year contract extension to continue producing the FMTV A2,...
Jennifer Miller has been named vice president of business operations for ISR, aviation and security at Sierra Nevada Corp., or SNC. The global aerospace and national security company said Wednesday Miller’s responsibilities include strategic planning, managing programs, supervising business operations and fostering innovation within ...
The U.S. Army has awarded a task order valued at up to $580 million to General Dynamics Global Force for Integrated Base Defense, or IBD, and force protection family of systems equipment and support. The task order covers comprehensive training, contractor logistics, and operator and sustainment services, the Army said Wednesday. The ant...
By Jason Adolf, industry vice president, global public sector, Appian Federal agencies face growing pressure to modernize outdated IT systems to meet evolving mission demands, improve service delivery and strengthen cybersecurity. But modernization must go beyond one-time upgrades. To avoid simply replacing old legacy systems with new ones...
CNBC reported Tuesday Palmer Luckey, founder of Anduril Industries, said the defense technology company will go public. When asked about plans for an initial public offering, Luckey told CNBC’s Closing Bell: Overtime in a video interview that Anduril is “definitely going to be a publicly traded company.” “We are running this ...
