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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 ...
NuScale Power has agreed to merge with blank check company Spring Valley Acquisition (NASDAQ: SV) in a transaction that would take the Fluor-backed (NYSE: FLR) company public and help commercialize its small modular reactor technology. Fluor said Tuesday it has invested over $600 million in NuScale since 2011 and expects to own about 60 percent...
Having millions and even billions of dollars recurring spending, the United States government and its federal agencies are known to be the world’s largest buyer of products and services. The federal government buys almost everything they need from big and small businesses. To quickly obtain their needs, the federal government made government c...
Booz Allen Hamilton (NYSE: BAH) has finished spinning off its artificial intelligence platform into a standalone company that will advance the deployment of production-ready AI, build on existing client base across federal and commercial markets and expand its developer community and partner ecosystem. McLean, Virginia-based Booz Allen said Thursday...
Raja Maharajh, most recently chief of staff to Raytheon Technologies (NYSE: RTX) Chairman and CEO Greg Hayes, has been appointed general counsel of the Waltham, Massachusetts-based defense and aerospace company. He succeeds Frank Jimenez and will oversee legal and regulatory functions that include corporate governance and transactions, litigation, c...
Systems Planning and Analysis holds a position on one of the 10 pools that compose a multiple-award General Services Administration contract vehicle for technology platforms and services intended to support the Department of Defense’s multidomain battlespace operations. “The ASTRO award provides additional opportunities for our mission-focus...
On Tuesday, GovCon Wire Events hosted its Defense Acquisition Priorities Forum, which featured leaders across defense agencies, military branches and industry who joined in dynamic discussion to share the procurement interests, technology influences and strategic priorities driving acquisitions across the defense sector as agencies work to acceler...
