Francisco Partners is reportedly selling a majority stake in Forcepoint’s government-focused cybersecurity unit to fellow private equity firm TPG (Nasdaq: TPG) for approximately $2.45 billion, The Wall Street Journal reported Sunday. The price of the deal between the two technology investment companies is more than double the amount Francisco ...
Conn Doherty, former vice president of strategic campaigns at Raytheon Intelligence & Space, has been appointed to vice president and general manager roles at Collins Aerospace. Doherty announced his new post Monday on LinkedIn and will be responsible for Collins Aerospace’s battlespace management command and control and autonomy platforms...
The federal government allocates substantial financial services amounting to millions and even billions of dollars to procure a diverse range of services encompassing defense, weaponry, healthcare, cybersecurity, space missions, and more. Federal agencies enter into contracts with private companies that offer these specialized services to accomplish...
Tamim Aslamy, a more than two-decade defense market veteran, has assumed the chief financial officer role at Raytheon Solipsys, an RTX (NYSE: RTX) subsidiary focused on developing command and control platforms for military and homeland security use. He announced his new role in a LinkedIn post Monday and comes to Solipsys from RTX, where he...
Tony Calderon, formerly a chief financial officer within Raytheon Intelligence & Space, has been appointed vice president of finance for the integrated mission systems unit at L3Harris Technologies (NYSE: LHX). He announced his new position in a LinkedIn post published Sunday and will oversee the financial performance of an organization that off...
DOD Adds $20B to Information Analysis Center Multiple-Award Contract; Tiffanny Gates Named Capitol Meridian Operating Partner; Raytheon Technologies Adopts RTX Name; Q&A With Parsons’ Carey Smith Click to Unmute ...
RTX (NYSE: RTX), formerly Raytheon Technologies, has secured a potential $118 million contract from the U.S. Army to update a common sensor payload for MQ-1C Gray Eagle unmanned aircraft systems, Inside Defense reported Wednesday. Dennis Teefy, project director for the Army’s sensors aerial intelligence, said the updated CSP system features a ...
The Department of Defense announced a $20 billion increase to the potential value of a contract vehicle for technology research and development services to the Department of Defense Information Analysis Center. DOD on Wednesday listed the modification awardees under its IAC Multiple-Award Contract, saying the ceiling boost brings the program’s...
D-Fend Solutions has named two vice presidents and one general manager to help the counter-drone technology provider accelerate its growth initiatives in the U.S. market. The company on Tuesday announced the appointments of S. Danny Rajan as U.S. general manager, Michael Langman as vice president of strategic partnerships and Brett Feddersen as VP o...
Pratt & Whitney, a subsidiary of Raytheon Technologies (NYSE: RTX), will provide F-135 propulsion system spare parts and associated equipment to U.S. and international defense customers under an $888 million contract modification from Naval Air Systems Command. This award covers the procurement of parts; modules; packaging, handling, shipping an...
