IBM (NYSE: IBM) has agreed to buy government technology services provider Octo from Arlington Capital Partners in a move to complement Big Blue’s IT and digital transformation offerings for the federal sector. Baird served as financial adviser to Arlington and Octo on the transaction. Financial terms of the deal were not disclosed and all the...
David Erickson, senior director of solutions architecture at Elastic (NYSE: ESTC), said open source technologies enable government agencies to control and query their data to glean insights quickly and speed up the decision-making process. “The real power of open source technologies was revealed when they cracked the code on being highly powered, ...
When Vectrus and The Vertex Company completed their merger to form V2X in July, the enterprise’s projected pro forma revenue was approximately $3.4 billion. As the year comes to a close, V2X now has a combined backlog of over $12 billion, which is three and a half times more than early estimates anticipated. Leading the merged entity’s...
Rocket Lab USA (Nasdaq: RKLB) has established a wholly owned subsidiary to offer spacecraft manufacturing, space systems capabilities and launch services to defense and intelligence community clients. Rocket Lab National Security will be based in the U.S. and will build on its parent company’s performance delivering separation systems, space solar...
The Department of Defense has stood up an office with the goal of helping technology developers find the capital they need to bring platforms to the military and national security markets. Defense Secretary and two-time Wash100 Award recipient Lloyd Austin said in a statement released Thursday the Office of Strategic Capital will work to address...
Collins Aerospace, a subsidiary of Raytheon Technologies (NYSE: RTX), has received a $99.5 million indefinite-delivery/indefinite-quantity contract from the U.S. Air Force to modernize and sustain a communication system on the service branch’s B-2 and B-52 aircraft and potential future platforms. The decade-long work under the sole-source acqu...
By Mick Fox Chief Operating Officer, TechnoMile Did you know there are currently more than 200 vendors in the Contract Lifecycle Management software market? Even with a clear understanding of the many benefits delivered by CLM tech — e.g., more effective risk and compliance management, greater contract profitability, improved delivery to customers...
The Department of Defense has released a zero trust cybersecurity framework outlining targeted efforts to secure the DOD Information Enterprise by reducing its attack surface, enabling risk management and facilitating data sharing. The DOD Zero Trust Strategy and Roadmap focuses on four high-level strategic goals: zero trust cultural adoption, DoD i...
By Cameron Chehreh It has become a cliché to say digital technology has transformed every aspect of our lives and that businesses need to embrace digital transformation to compete in the marketplace. It has likewise become conventional wisdom to note that government agencies must digitize internal processes and external service delivery to fulfill ...
MM Technologies has won a $553.7 million contract from NASA to provide financial support and related services at several research centers of the space agency nationwide. The Huntsville, Alabama-located small business will support missions, programs, projects and organizational offices at Armstrong Flight Research Center, Ames Research Center, ...
