Karman Space & Defense has completed an initial public offering, or IPO, raising over $500 million in capital in its stock market debut. Trive Capital said Thursday Karman plans to use the net proceeds from the IPO to buy complementary businesses or technologies, fund capital expenditures and support other general corporate initiatives. Karman C...
RTX business Raytheon has received a U.S. Navy contract modification worth approximately $141 million for the procurement of Standard Missile-2 and spares. Scope of Contract Modification The Department of Defense said Thursday the contract action combines purchases for the governments of Japan, Australia, Spain, Germany and the Netherlands under the...
Frontgrade Technologies has acquired Crescend Technologies’ defense solutions division IDSI for an undisclosed sum to expand its portfolio of high-power radio frequency amplifier technologies and deliver comprehensive platforms to help address the evolving challenges facing customers in the aerospace and defense sectors. In a statement publish...
T2S Solutions has completed the acquisition of Blue Marble Communications, Business Wire reported Tuesday. The Belcamp, Maryland-based advanced technologies provider aims to bolster its presence in the space technology market with the acquisition of Blue Marble, a company that offers high-performance space-qualified technology. Enhancing T...
The U.S. Navy has awarded a potential $243.9 million contract to eight companies for tactical combat and electronic warfare systems research and development services. The Department of Defense said Monday the selected contractors are as follows: Applied Technology of King George, Virginia Cutlass Systems Engineering of Laurel, Maryland Envision...
Kevin Tupper, a 30-year industry veteran with extensive experience in artificial intelligence, shared on LinkedIn Friday that he has been appointed chief architect of AI transformation and federal AI evangelist at Microsoft. The Microsoft executive will be tasked with driving AI adoption and innovation within the federal sector, including ...
Andrew Howard, a 15-year industry veteran, shared on LinkedIn Thursday that he has been appointed vice president of corporate capabilities and solutions at Astrion. The executive will be responsible for developing an enterprise-wide strategy to drive the company’s growth in the federal sector. He will also oversee Astrion’s por...
The U.S. Army has selected 10 companies for a potential 10-year, $4.19 billion contract to produce and supply lighter-than-air systems, tethered platforms and elevated sensors to the service branch. The Department of Defense said Thursday the Army Contracting Command at Aberdeen Proving Ground in Maryland launched an online solicitation and received...
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...
McAleese & Associates will host the 16th Annual Defense Programs Conference on March 18 at the Grand Ballroom of Crystal Gateway Marriott in Arlington, Virginia. DPC25 The 2025 edition of McAleese’s Defense Programs Conference will bring together top Department of Defense leaders, policymakers and industry experts to discuss the top defens...
