Allied Motion Technologies (Nasdaq: AMOT) has acquired electrical drive systems provider FPH Group for an undisclosed sum as part of efforts to expand its presence in the defense market. “This acquisition is an excellent strategic fit as it provides us with a deeper penetration within defense applications including the necessary manufacturing lice...
Raytheon Technologies‘ (NYSE: RTX) missiles and defense business will manufacture 1,300 anti-aircraft weapons for the U.S. Army under a four-year, $624 million contract. The company said Friday that funds for the order will come from an emergency spending package that offers additional aid to Ukraine and seeks to replenish the U.S. weapons sto...
Semiconductor company Broadcom (Nasdaq: AVGO) has agreed to acquire multicloud services provider VMware (NYSE: VMW) in a cash-and-stock transaction valued at approximately $61 billion as part of Broadcom’s strategy to establish a leading infrastructure technology company. The boards of directors of both companies unanimously approved the deal that...
The State Department has approved the request of the Australian government to procure high mobility artillery rocket systems and related launcher equipment for approximately $385 million under the Foreign Military Sales program. The potential transaction includes 20 M142 HIMARS, 30 M30A2 guided multiple launch rocket systems, 10 M57 Army tactical mi...
Paul Leslie, retired chairman and CEO of Dovel Technologies, has joined the board of directors of Redhorse to provide consulting support and strategic guidance to the executive team as the company pursues growth initiatives. He will bring to Redhorse’s board his leadership experience, business insight and technical expertise in the field of fe...
GovCon Expert Steve Orrin, chief technology officer and senior principal engineer at Intel Federal, recently spoke with GovCon Wire regarding the challenges that government agencies and federal organizations are facing to implement zero-trust architectures and refocus their data security. In addition, GovCon Expert Steve Orrin also discussed the v...
Maxar Technologies (NYSE: MAXR) has secured a potential 10-year, $3.24 billion contract to provide commercial satellite imagery to the National Reconnaissance Office in support of U.S. defense and intelligence community missions. The Electro-Optical Commercial Layer contract is intended to help NRO continue to meet imagery acquisition requirements t...
In a recent Executive Spotlight interview, ExecutiveBiz spoke with Tim Patterson, chief growth officer of Intelligent Waves, to discuss his leadership approach as well as his management style and core values for building company culture. He also talked about innovation in the age of disruption and the emerging technologies influencing the federal go...
The Defense Health Agency has issued $1.4 billion in contract modification to 33 small businesses to extend ordering period of the Medical Q-Coded Services program for another year. The action on the indefinite-delivery/indefinite-quantity contract raised the total cumulative face value of the MQS strategic sourcing program to $8.9 billion, the Depa...
The federal government gives away hundreds of billions of dollars in contracts each year. In fact, government spending on contracts amounted to $682 billion in 2020, which is the highest one recorded in the last five years. However, spending data is hard to find, and it isn’t easy to get an accurate picture of where...
