Cincinnati-based Cryptic Vector has appointed John Fant, a business development and operations executive, as chief growth officer. In a statement published June 9, Cryptic Vector CEO Sean Olding said Fant is a key addition to the company given his extensive experience in driving growth. “With John on board, we are well-positioned to expand our...
Patrick Markus shared on LinkedIn two weeks ago that he has been appointed vice president and general manager of the defense and government systems division at Hughes, an EchoStar subsidiary. The executive oversees the profit and loss division, driving the adoption of the company’s commercial communication technologies, inc...
Arlington Capital Partners has established GRVTY, its new platform company that will provide defense technology systems to meet the national security priorities of the Department of Defense, the Intelligence Community and the Department of Homeland Security. The Washington, D.C.-area private investment firm said Wednesday GovCon industry v...
The National Geospatial-Intelligence Agency has awarded a $200 million contract to 13 companies for commercial geospatial intelligence data and services. The agency said Wednesday the vendors selected for the Luno B commercial data indefinite-delivery/indefinite-quantity contract are as follows: Airbus U.S. Space & Defense BAE Systems Booz ...
Investment banking firm Evercore has issued its January report, highlighting the market performances of several U.S. defense and government services companies. The monthly update released by the firm’s aerospace, defense and government services team shows the enterprise and equity values, share performances and operating metrics of several U.S...
2024 has seen a number of significant mergers and acquisitions in the government contracting sector. With organizations seeking to expand their portfolios, increase competitive advantage and break into new markets, M&A activity has transformed the industry. From aerospace and defense to cybersecurity and technology innovation, these deals are re...
Tria Federal has appointed Ray Khuo, a veteran human resource executive, as chief human capital officer. In a statement published Monday, Tria Federal CEO Tim Borchert said Khuo’s experience and passion for developing people-focused organizations make him the perfect fit to help the company integrate Softrams’ employees. In mid-November, Tri...
The GovCon market is facing some degree of uncertainty as the presidential election approaches and a continuing resolution puts a pause on funding growth. But one thing GovCon leaders know for certain is that the defense and government markets are rife with opportunities and poised for significant growth. At the Raymond James 2024 Defense and...
The National Geospatial-Intelligence Agency has awarded 10 vendors spots on a potential five-year, $290 million contract to provide national security agency customers access to unclassified commercial GEOINT-derived computer vision capabilities, data and analytic services. NGA said Friday the Luno A commercial data indefinite-delivery/indefinite-qua...
A report by financial services company Raymond James (NYSE: RJF) shows that there were 76 mergers and acquisitions in the defense and space industry during the first quarter of 2024, a 55 percent increase from the same period the previous year and a 31 percent rise from the previous quarter. Defense and Space M&A Activity...
