Duluth, Georgia-based special purpose acquisition company Spartacus (Nasdaq: TMTS) and geolocation technology provider Nextnav have entered into a merger agreement that would take the latter public and bring its potential market capitalization to $1.2 billion. The boards of directors for both companies gave unanimous approval of the transaction, wit...
Stephen Steg, co-founder and chief technical officer of Blue Canyon Technologies, has been named CEO of the small satellite and mission services provider, more than five months after its acquisition by Raytheon Technologies (NYSE: RTX). Steg succeeds former Blue Canyon CEO George Stafford, who will transition into an advisory role, the company said ...
Doug Kumbalek, most recently vice president of strategic growth at System High, has received a promotion to serve as the company’s executive vice president and chief strategy officer. He will oversee System High’s strategic plan to create an impact on the national security sector and lead innovation efforts through its analytical researc...
A McAleese & Associates report on President Joe Biden’s proposed $715 billion topline budget for the Department of Defense offers a look at how much money will go towards military branches and programs in fiscal year 2022. Jim McAleese, founder of McAleese & Associates and three-time Wash100 winner, reported military personnel and oper...
During GovCon Wire Events’ Data Innovation Forum, luminaries in the public and private data innovation space will discuss the strategic importance of information technology (IT) and data management in national security. As the role of information technology in the federal government continues to grow, public and private leaders must be consc...
Dewberry has purchased Edmonds Engineering, a mechanical, electrical and plumbing engineering design firm based in Birmingham, Alabama, for an undisclosed sum. Edmonds Engineering will join Dewberry’s existing MEP service team of over 200 employees to form Dewberry | Edmonds, the Fairfax, Virginia-based professional services firm said Monday. Esta...
Microsoft (Nasdaq: MSFT) received U.S. antitrust approval to proceed with its proposed acquisition of Nuance Communications (Nasdaq: NUAN), a Burlington, Massachusetts-based artificial intelligence and speech recognition company, Reuters reported Friday. The deadline for the U.S. government to oppose the transaction expired on June 1 and the expirat...
Leidos‘ (NYSE: LDOS) Dynetics subsidiary has unveiled its proposal for the U.S. Army’s competition that seeks a ground-based weapon system to defend against unmanned aircraft and cruise missile threats. Dynetics said Thursday its Enduring Shield offering in the service branch’s Indirect Fire Protection Capability Increment 2 progra...
Lockheed Martin (NYSE: LMT) has received a $1.01 billion sole-source contract from the Space and Missile Systems Center to provide logistics services supporting the Space Based Infrared Surveillance system. SMC expects Lockheed to complete the requirements under the fixed-price-incentive-fee, cost-plus-incentive-fee and cost-reimbursement contract b...
The State Department has approved Australia’s request to buy 29 AH-64E Apache attack helicopters, built by Boeing (NYSE: BA), along with associated equipment and support services under a potential $3.5 billion foreign military sales agreement with the U.S. government. The transaction also includes 29 Modernized Target Acquisition Designation S...
