The State Department has cleared Australia’s request to procure Lockheed Martin-built (NYSE: LMT) Hellfire missile systems from the U.S. through a potential $108 million foreign military sales agreement. The proposed FMS transaction will cover the supply of up to 800 AGM-114R2 missiles and technical support for joint attack munition systems an...
Bill Monet, president and CEO of Akima, was presented his 2021 Wash100 Award, the most prestigious award in all of government contracting (GovCon), for his leadership in driving the company’s revenue growth by focusing on customer satisfaction, significant contract wins, and top-notch executive appointments. “Skilled in the strategic expansi...
The Potomac Officers Club’s Air Force IT Modernization and Digital Transformation Forum on Wednesday brought together prominent U.S. Air Force and industry officials to discuss the service branch’s crucial modernization initiatives including transitioning legacy infrastructures, enhancing interoperability and bolstering cybersecurity to match t...
The Financial Stability Oversight Council has released its annual report recommending that state and federal regulators continue to assess risks posed by new uses of digital assets to the financial system and facilitate coordination to address potential issues related to such assets. FSOC said Friday member agencies should consider the recommendatio...
AttainX and seven other companies were awarded spots on the General Services Administration’s blanket purchase agreement for information technology services that support the agency’s digital transformation efforts, G2Xchange reported Thursday. The eight additional awardees joined the initial 12 contractors on the CIO Modernization and En...
Aerospace propulsion technology development company SPARC Research has entered into an agreement to acquire Design Integrated Technology, a manufacturer of equipment for testing propellants. Both companies are headquartered in Warrenton, Virginia, and expect to close the transaction in early 2022, SPARC said Thursday. Founded in 1988, DIT produces H...
Blue Delta Capital Partners has raised $215 million for its third fund and plans to use it to make growth-stage equity investments in federal government services providers in return for non-controlling ownership positions in such companies. The Tysons, Virginia-based venture capital firm said Wednesday the oversubscribed Blue Delta Capital Fund III ...
Six senators have urged Treasury Secretary Janet Yellen to issue informal guidance providing the definition of “broker” of cryptocurrency and other digital assets in a provision of the Infrastructure Investment and Jobs Act. Section 80603 of the law seeks to “provide more certainty for Americans looking to invest in these digital assets, ensur...
H.R. McMaster, a retired U.S. Army lieutenant general and former national security adviser, has joined the advisory board of Redwood City, California-based artificial intelligence software company C3 AI. “Enterprise AI is important to national security,” McMaster said in a statement released Wednesday. “I am grateful for the opportunity to sup...
On Wednesday, the Potomac Officers Club hosted its Air Force IT Modernization and Digital Transformation Forum, which gathered notable leaders from the U.S. Air Force and industry who spoke on leveraging public-private partnerships to accelerate infrastructure modernization, cybersecurity and other digital transformation initiatives during an era ...
