GE Aerospace said Monday that it will invest another $1 billion in U.S. manufacturing facilities and its supplier base to increase commercial and defense engine production and modernize company infrastructure. “Maintaining U.S. aerospace leadership requires sustained investment in our people, our facilities and the technologies that will defin...
CACI International has finalized its acquisition of ARKA Group in an all-cash deal valued at approximately $2.6 billion as part of a push to strengthen its market position and expand its space-based sensing and geospatial intelligence capabilities in support of national security customers. As companies like CACI expand their space-based sensing capa...
The U.S. Navy has awarded RSI Amentum Environmental Solutions, a joint venture between Amentum and RSI, a spot on its $999 million Demolition Projects Construction contract vehicle. Efforts such as NAVFAC’s investment in naval infrastructure underscore the Navy’s focus on modernization and operational readiness. Learn more...
The battle between the Department of War and artificial intelligence developer Anthropic is the hottest story in GovCon. The two parties are embroiled in a legal dispute over to which extent the department should be able to use a contractor’s technology in activities deemed legal and whether a contractor should be able to dictate how the...
The United States spends more on research and development than any other country analyzed, investing about 3.6 percent of its gross domestic product, according to a new report from Elsevier examining U.S. research and innovation performance. The analysis compares U.S. research output and investment trends with those of other global economies using d...
Vast has raised $500 million in a funding round led by Balerion Space Ventures to accelerate development of its Haven commercial space stations and support efforts to sustain long-term human presence in low Earth orbit. Recent investment activity in the commercial space sector, including Vast’s latest financing round, underscores continued mom...
AeroVironment has secured a three-year, $97.4 million contract through the U.S. Army’s Aviation and Missile Technology Consortium, or AMTC, to develop the Generative Environment for the Next Era of Spectral Imaging Stimulators, or GENESIS. Initiatives such as the GENESIS program highlight the Army’s efforts to modernize. Gain more i...
Lockheed Martin has received a U.S. Navy contract modification valued at $132.9 million to continue providing flight test support for the F-35 Lightning II fighter aircraft. Recent Navy contract actions with industry underscore the service’s continued focus on innovation, sustainment and operational readiness across key platforms. These priorities...
DCS is strengthening its position in the aerospace and defense markets with the acquisition of ARCTOS Technology Solutions. DCS said Thursday it will combine ARCTOS’ expertise in aerospace safety, propulsion, advanced manufacturing and technology transition with its engineering and technical services portfolio. “This acquisition ...
Sierra Space has closed a $550 million equity investment led by LuminArx Capital Management, bringing the defense technology company’s valuation to $8 billion. The Colorado-based firm said Thursday the investment also drew participation from existing investors, including General Atlantic, Coatue, Moore Strategic Ventures and Andalusian Privat...
