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By Heinz Pfriemer, Global Head of Defense and Security at SAP Gartner in May reported that half of organizations expect to use artificial intelligence in contracting by 2027. The 101 procurement leaders surveyed anticipated a productivity boost of more than 20 percent within 18 months of doing so. That generated a buzz in the procurement...
Newly formed aerospace manufacturing holding company Velocity One has agreed to merge with EMCORE, a provider of inertial navigation solutions to the aerospace and defense industry. EMCORE said Friday the cash transaction with a purchase price of $3.10 per share was cleared by its board of directors and will see the company become a wholly...
Executive Mosaic’s GovCon Index recorded gains in four of five trading sessions, advanced more than 1% in three days, and had its best day Wednesday with +1.99%. Friday’s closing of $5,640.35 was also its highest close. The result is a 4.9% weekly gain, GCI’s highest this year. The index, which tracks the stock performances of...
The Cybersecurity and Infrastructure Security Agency has a budget of $3 billion for fiscal year 2025, $1.7 billion of which will go towards cybersecurity efforts to advance programs that detect and counter cyberattacks throughout critical infrastructure. Hear directly from CISA officials about budget priorities and upcoming contract opportunities at...
Stengel Hill Architecture, the architecture, engineering and consulting services platform of Godspeed Capital Management, has acquired Mason Blau & Associates, a full-service architecture firm based in Clearwater, Florida. The private equity firm said Thursday MBA’s leadership will join the SHA team following the transaction’s completion...
The U.S. Space Force has awarded 12 companies positions on a potential 10-year, $2.5 billion contract to provide advisory and assistance services for Space Systems Command. The Department of Defense said Wednesday the Hemisphere program is a multiple-award, indefinite-delivery/indefinite-quantity contract that seeks to support SSC’s Space Doma...
Private equity firm Branford Castle Partners has acquired Hoffman Engineering from Trident Maritime Systems, a portfolio company of J.F. Lehman & Co.’s investment affiliates for an undisclosed sum. “This decision to divest Hoffman enables Trident to streamline our solution offerings and focus on driving continued growth in our core maritime ...
BWX Technologies has agreed to acquire L3Harris Technologies’ Aerojet Ordnance Tennessee business for $100 million. The Virginia-headquartered nuclear and metal components provider said Monday the purchase of AOT will strengthen its capacity to develop products for commercial, military and space customers. The transaction is expected to close befo...
Kellen Schollaert, director of strategy and enablement at Penlink, said artificial intelligence-powered open source intelligence, or OSINT, tools could help analysts at government agencies quickly detect emerging threats and rapidly glean insights from vast amounts of data to speed up decision-making and support missions. In an article published on ...
Among other responsibilities, U.S. Customs and Border Protection is charged with maintaining and strengthening physical borders with Mexico (a total of 1,900 miles) and Canada (more than 5,000 miles), as well as 95,000 miles of shore. CBP team members conduct activities across a spectrum of inspection, intelligence analysis, examination and law...
