The State Department has approved a potential $2.53 billion foreign military sale of M1A2 Abrams main battle tanks and related equipment to the government of Romania. The potential FMS deal includes 54 M1A2 System Enhancement Program version 3 vehicles, 54 M1A1 structures, four M88A2 Hercules combat recovery vehicles, four M1110 joint assault bridge...
According to Young Bang, principal deputy assistant secretary of the U.S. Army for acquisition, logistics and technology, the service branch is engaging in multiple efforts to join forces with small businesses, which offer a number of new warfighting capabilities. One of these programs is Project Vista, which he noted during a panel discussion at ...
Saab has acquired Silicon Valley, California-headquartered artificial intelligence company CrowdAI in a move to expand its portfolio with AI and machine learning capabilities. Devaki Raj Under the deal, future operations of the acquired company will primarily occur in San Diego, California, and Devaki Raj, CEO and co-founder of CrowdAI, will join Sa...
Frontgrade Technologies, a portfolio company of Veritas Capital, has acquired radio frequency amplifier technology provider Aethercomm in a deal aimed at complementing Frontgrade’s aerospace and defense electronics portfolio. The acquired entity will operate as Frontgrade Aethercomm and be led by Todd Thornton as general manager, the parent co...
The federal government allocates substantial financial services amounting to millions and even billions of dollars to procure a diverse range of services encompassing defense, weaponry, healthcare, cybersecurity, space missions, and more. Federal agencies enter into contracts with private companies that offer these specialized services to accomplish...
Thirty-seven vendors have won spots on a potential 10-year, $32.5 billion multiple-award contract for the design, development, production and sustainment of training systems. The Training Systems Acquisition IV indefinite-delivery/indefinite-quantity contract covers analysis, installation, integration and testing support for aircrew, maintenance and...
BAE Systems has received a $463.2 million contract from the U.S. Army to maintain 155 mm lightweight towed howitzers for domestic and foreign military customers. The firm-fixed-price award covers the provision of catalog parts and manpower services to support the life cycle sustainment of the U.S. and Australian M777A2 howitzer fleet and Canada̵...
Veritas Capital CEO and Managing Partner Ramzi Musallam was bestowed his 2023 Wash100 Award plaque by Executive Mosaic CEO Jim Garrettson during a recent visit to Veritas’ New York City headquarters. Musallam has been recognized for eight consecutive years by EM’s organizational leadership for his unstinting vision, innovation and reliabilit...
Space is at its largest inflection point in decades, and as commercial space activity continues to rise, United States government leaders are taking a page from industry’s book on how to drive more rapid innovation, especially in the face of increasing global competition. While technology and acquisition processes are typically at the center of th...
Photo Contributor: Tsuguliev/Shutterstock The defense industry is one of the world’s largest and most competitive industries. The U.S. federal government agencies under the Department of Defense are actively procuring defense products and upgrading existing systems with the latest technology to strengthen the nation’s military fo...
