Godspeed Capital Management has acquired Exceptional Software Strategies in a strategy to expand the private equity firm’s newly created cybersecurity and information technology platform that will focus on supporting defense and intelligence customers. Godspeed did not disclose the financial terms of the transaction and the company said Thursd...
Narda-MITEQ has acquired Maryland-based radio frequency and microwave technology supplier Intelligent RF Solutions as both companies aim to expand their market presence and product development capability. The deal marks the first acquisition for Narda-MITEQ, formerly owned by L3Harris Technologies (NYSE: LHX), since it became a portfolio company of ...
On Dec. 27, 2021 President Joe Biden signed into law the $770 billion National Defense Authorization Act for 2022, which gives a significant funding boost to critical Department of Defense initiatives including adopting emerging technologies, bolstering deterrence capabilities and modernizing military fleets. Of the NDAA’s total funding, $117...
The State Department has approved a potential $233 million foreign military sale of aircraft engine maintenance services and associated equipment to Greece. The government of Greece is in need of depot-level services to repair and maintain F100-PW-229 engines equipped on F-16 Block 52+/52+ jets, the Defense Security Cooperation Agency said Wednesday...
Two new Deltek reports say that information technology modernization, data proliferation and the current national security threat landscape are among the factors that will drive IT investments within defense and intelligence community agencies. The company said it expects the DOD contractor addressable IT market to grow at a compound annual rate of ...
As the U.S. Space Force enters its third year of operation, its leaders are prioritizing acquisition reform among the key transformational shifts the organization is expected to undergo in its pursuit of innovative technologies, advanced capabilities and more interoperable systems. Gen. Nina Armagno, director of staff for the Space Force, cited ...
U.S. Special Operations Command is looking to award L3Harris Technologies (NYSE: LHX) a $297.2 million contract modification to fully execute a capital equipment replacement program for legacy manpack radio systems. SOCOM awarded the original six-year, $255 million indefinite-delivery/indefinite-quantity contract for AN/PRC 167 radios to Harris Corp...
The Department of Defense is ramping up its modernization efforts with critical funding boosts and newly created senior executive roles to match the speed of rapid global developments and combat urgent pacing challenges. Defense spending for fiscal year 2022 has increased by five percent from the previous fiscal year’s defense policy measure. In D...
TYSONS CORNER, VA, Jan. 10, 2022 — Jonathan Alboum, a ServiceNow (NYSE: NOW) principal data strategist, has noted changes in federal workforces and citizen services over the last two years and outlined ways on how the government could keep its digital transformation momentum, ExecutiveBiz reported Wednesday. Alboum said the government should inves...
Cari Ossenfort, former corporate vice president for operational excellence and quality at Leonardo DRS, has been promoted to senior VP and general manager of the defense contractor’s naval electronics unit. She will lead a business that offers computing, data distribution, middleware enterprise and network support services to the U.S. Navy, th...
