Strategic and technical consultancy Cadmus has acquired Ventera for an undisclosed sum to expand its digital transformation offerings for government and private sector companies. As a result of the acquisition, Cadmus said Tuesday it will create a new technology solutions division focused on expanding its presence in the health care, finance, ...
Rod Fontecilla, former partner and chief innovation officer at Guidehouse, has assumed the newly created role of chief innovation and artificial intelligence officer at Madison Dearborn Partners-backed Harmonia Holdings Group. The executive will lead the Technology and Innovation Council, which was recently established to support the capability deve...
OceanSound Partners has secured $1.49 billion in total capital commitments for its second fund, enabling it to pursue investments in technology companies serving government and highly regulated enterprise end markets. The New York-based private equity firm said Tuesday the oversubscribed OceanSound Partners Fund II closed above its target of $1 bill...
The Professional Services Council elected five GovCon industry leaders to its board of directors during the Sept. 12 meeting of its executive committee. In a statement published Monday, PSC President and CEO David Berteau said the five new board members bring decades of industry experience and their contributions will be key to the association’...
Mobix Labs (Nasdaq: MOBX) has offered to acquire EMCORE (Nasdaq: EMKR), a provider of inertial sensors and systems for land, sea, air and space applications in the aerospace and defense market. The Irvine, California-headquartered fabless semiconductor company said Monday its all cash proposed offer is $3.80 per share, representing a more than 200 p...
The U.S. Air Force has awarded Lockheed Martin‘s (NYSE: LMT) missiles and fire control business a $3.23 billion sole-source contract for the production of joint air-to-surface standoff missiles and long-range anti-ship missiles. The firm-fixed-price, undefinitized contract action covers JASSM Lot 22 and foreign military sales missile procureme...
Executive Mosaic’s GovCon Index closed 0.43% higher at $5,366.84 on Friday for another winning week. The index, which tracks the stock performances of 30 major government contractors, had the same pattern in the last three weeks: three daily gains and two daily losses. Besides the 1.38% advance for the week, GCI is now up 14.96%...
An RTX (NYSE: RTX) business has received a U.S. Navy contract worth $192 million for an advanced electronic attack system designed to deny, disrupt and degrade enemy technology. The Department of Defense said Friday Raytheon will design, develop, manufacture, integrate, demonstrate and test the Next Generation Jammer Mid-Band extended capability mod...
The State Department has cleared Australia’s foreign military sale request for Advanced Anti-Radiation Guided Missiles-Extended Range and related equipment with an estimated value of $405 million. The Defense Security Cooperation Agency said Friday Australia will purchase 100 AARGM-ER with global positioning system precise positioning sys...
U.S. government representatives have been largely bullish, at least publicly, about the benefits of artificial intelligence, particularly generative AI, while also acknowledging its risks and misuses. In order to try and organize and set up parameters for its use, the Office of Management and Budget issued a memo requiring agencies to put gover...
