Intuitive Machines, provider of space technology and infrastructure services, has agreed to acquire Lanteris Space Systems, formerly Maxar Space Systems, from Advent International for $800 million. The transaction, which consists of $450 million in cash and $350 million in stock, is expected to close in the first quarter of 2026, Intuitive Machines ...
Seekr Technologies has named Lloyd Cope, an industry leader in enterprise and defense-focused artificial intelligence technologies, chief revenue officer. Seekr is sponsoring the Potomac Officers Club’s 2026 Artificial Intelligence Summit. Be part of the discussion on March 19 with top voices from federal agencies and the GovCon industry as th...
NT Concepts has appointed Mark Cabrey as CEO to lead the company as it shifts its focus toward accelerating the delivery of artificial intelligence-driven engineering, analytics and modernization capabilities for defense and intelligence customers’ critical national security missions. Who Is Mark Cabrey? Cabrey, who joined NT Concepts in 2019,...
Vulcan Elements has formed a $1.4 billion partnership with the U.S. government and ReElement Technologies to expand a fully domestic, vertically integrated supply chain for rare earth magnets. Boosting National Security & Defense Capabilities Vulcan said Monday it will build and operate a 10,000-metric-ton magnet production facility in the U.S.,...
Matthew Orsino has been named chief growth officer at Precise Systems. The Lexington Park, Maryland-based company said Monday Orsino will oversee business development, customer engagement and strategic initiatives across its defense and technology portfolios. “Matt’s proven leadership and deep understanding of the Department of Defe...
Adil Karim, an aerospace and defense executive, has been appointed chief technology officer at Antenna Research Associates, according to a press release the company sent to GovCon Wire. In his new role, Karim will leverage his experience in technical leadership and business development for complex defense systems. What Experience Does Adil...
AI is revolutionizing how the Department of Homeland Security performs its core mission: protecting the nation from its adversaries. By integrating advanced AI tools into missions such as threat detection, cybersecurity, border security and emergency response, the DHS is enhancing its ability to anticipate, identify and counter adversarial actors in...
KBR reported $1.9 billion in revenue during the third quarter of fiscal year 2025 and recorded $4.2 billion in Q3 bookings and options with a book-to-bill of 1.4x on a trailing 12-month basis. In an earnings release published Thursday, the Houston-based engineering contractor said Q3 net income was $115 million and adjusted earnings before interest,...
The Centers for Medicare & Medicaid Services has awarded six companies spots on a potential seven-year, $5 billion National Education Campaign and Outreach Contract, or NEC. Centers for Medicare & Medicaid Services Senior Adviser and Chief of Staff, Gita Deo, and Acting Director of Infrastructure Operations, Wade Zarriello, will serve a...
American Rheinmetall has named Mike Milner as CEO of its munitions business and Chris Haag as vice president for business development and strategy. The appointments aim to strengthen the company’s presence in North America, the defense firm said Thursday in a LinkedIn post. Who Is Mike Milner? Milner brings more than 35 years of defense...
