Private equity investment firm Advent International and Maxar Technologies (NYSE: MAXR) are expected to continue their planned merger after the Westminster, Colorado-based geospatial intelligence services provider did not receive a competing alternative offer during the go-shop period that expired Tuesday. In December, Advent agreed to acquire Maxar...
Scientific Systems Co. has appointed the role of products division senior vice president to Tom Frost, former general manager of unmanned ground systems at Teledyne Technologies (NYSE: TDY). Frost, who has nearly 23 years of experience in the robotics industry, will be responsible for the strategic growth and daily operations of the products team, S...
As global tensions rise and competition intensifies, the Department of Defense is making a clear pivot toward “hard target” adversaries. The impacts of this shift are echoing across the DOD and the intelligence community, and government leaders are looking at their strategies, capabilities and technologies from new perspectives. “We’ve reall...
The U.S. Patent and Trademark Office within the Department of Commerce is soliciting comments on the current state of artificial intelligence technologies and issues related to inventorship. The USPTO is asking the public to submit written responses to a list of questions related to the use of AI and machine learning in the invention creation...
Acorn Growth Companies, a middle-market defense and aerospace investor, has finalized its sale of Black Sage Technologies to private equity firm Highlander Partners. The transaction, which comes nearly four years after Acorn bought Black Sage, is part of the latter’s expansion strategy, Acorn Growth said Tuesday. Oklahoma-headquartered Acorn G...
The Department of Defense Chief Digital and Artificial Intelligence Office has published an update to its long-term open call for new technologies to support the adoption of artificial intelligence/machine learning as well as data and digital analytics. The invitation was launched in cooperation with the U.S. Army Contracting Command – Rock Is...
Shane Sims, vice president of Army C5ISR programs at Science Applications International Corp. (NYSE: SAIC) since October 2021, has transitioned to a new role as VP of SAIC’s logistics and supply chain unit. “I am always looking to grow professionally and understand new aspects of defense acquisition businesses and this new position helps...
HII (NYSE: HII) saw its fourth-quarter revenue for 2022 rise by 5 percent to $2.8 billion compared with the prior-year period’s $2.67 billion, and recorded 10.7 billion in full-year revenue, up 12.1 percent from the previous year. The military shipbuilder said Thursday it recorded approximately $3.2 billion in Q4 new contract awards and ended the...
Robert Lightfoot, executive vice president of Lockheed Martin’s space business area, has been named to Executive Mosaic’s 2023 Wash100 list of highly esteemed leaders who shape the government contracting narrative at the intersection of federal and commercial sectors. This marks the third time that he has been recognized as a Wash100 Award winne...
Maxar Technologies (NYSE: MAXR) will provide satellite imagery products and services to U.S. allies under a five-year, $192 million contract from the National Geospatial-Intelligence Agency. The indefinite-delivery/indefinite-quantity contract is intended to support NGA’s Foreign Commercial Imagery Program covering synthetic aperture radar, 3D...
