Parsons has acquired Chesapeake Technology International, a Bluestone Investment Partners portfolio company, for approximately $89 million as part of a push to expand its electromagnetic warfare and all-domain offerings for the U.S. defense market. Parsons said Tuesday the transaction aligns with its strategy of broadening its portfolio of critical ...
The Department of State has approved Israel’s $510 million foreign military sale request to procure munitions guidance kits, munitions support and related equipment. Israel intends to buy 3,845 Joint Direct Attack Munition guidance kits for the BLU-109 bomb body and 3,280 JDAM guidance kits for the MK 82 bomb body, the Defense Security Cooperation...
Boeing has announced the appointment of Jesus “Jay” Malave as executive vice president and chief financial officer, effective Aug. 15. Malave will replace current CFO Brian West, who will become a senior adviser to Boeing President and CEO Kelly Ortberg and assist with the upcoming CFO leadership transition. Who Is Jesus “Jay”...
AI technologies such as generative AI could help small GovCons improve efficiency in light of weak growth forecasts, according to a Deltek executive. The Deltek Clarity 2025: Government Contracting Industry Study found that small GovCons are negative on future growth in the U.S. and could take drastic measures such as consolidation or divestiture i...
Andy Green, president of the mission technologies division and executive vice president of HII, has accepted the 2025 Wash100 Award from Jim Garrettson, CEO of Executive Mosaic. The Wash100 Award is conferred annually to 100 government and government contracting leaders for driving innovation and growth within their respective organizations and thei...
The U.S. Navy has awarded General Dynamics Electric Boat a $1.85 billion undefinitized contract action modification to a previously awarded contract for long lead time material and preliminary construction efforts associated with Virginia-class Block VI submarines. The Potomac Officers Club’s 2025 Navy Summit is a premier gathering of naval an...
V2X has secured a cost-plus-fixed-fee, undefinitized contract action from the U.S. Air Force to support the Iraq F-16 program. The $118 million award was a sole source acquisition and includes foreign military sales to Iraq, the Department of Defense said Wednesday. Details of V2X’s Contract to Support Air Force in Iraq The company ...
Science Applications International Corp. will support the U.S. Air Force Tactical Exploitation of National Capabilities in prototyping warfighting capabilities under a five-year, $928 million Hyper-Innovative Operational Prototype Engineering 2.0 contract. Air and space defense is a critical component of national security and is becoming increasingl...
A bill sponsored by Rep. Mark Messmer, R-Ind., and endorsed by Sens. Dan Sullivan, R-Ark., and Kevin Cramer, R-N.D., that aims to modernize and enhance the United States’ missile defense capabilities was introduced on Tuesday. Messmer’s website says the Ground and Orbital Launched Defeat of Emergent Nuclear Destruction and Other Missile...
Strategic investment firm Casa del Fuego Family Office and Trust has acquired Digital Global Systems, a provider of patented spectrum optimization technologies, in a stock purchase transaction valued at $5 billion. DGS said Monday it will operate as a wholly owned subsidiary of Case del Fuego with its executive leadership team remaining in place. Th...
