LevelBlue has agreed to acquire Trustwave, a provider of cybersecurity and managed detection and response services, from the MC2 Security Fund, which is sponsored by The Chertoff Group. Robert McCullen, chairman and CEO of LevelBlue, said Tuesday that the transaction is a pivotal moment not just for his company but for the entire cybersec...
Parsons has acquired Chesapeake Technology International, a Bluestone Investment Partners portfolio company, for approximately $89 million as part of a push to expand its electromagnetic warfare and all-domain offerings for the U.S. defense market. Parsons said Tuesday the transaction aligns with its strategy of broadening its portfolio of critical ...
The Department of Homeland Security has decided to cancel the FirstSource III and PACTS III contract vehicles for IT support and professional services, respectively, in alignment with recent executive orders. In March, President Donald Trump signed an executive order to consolidate federal procurement of goods and services within the General Se...
Guidehouse CEO Scott McIntyre was presented with his ninth consecutive Wash100 Award during a recent visit from Executive Mosaic CEO Jim Garrettson. The Wash100 Award, established by Garrettson in 2014, recognizes 100 top government and government contracting executives for their exemplary leadership, innovative drive and forward-thin...
TransDigm Group has agreed to acquire Simmonds Precision Products from defense contractor RTX for approximately $765 million in cash. TransDigm said the transaction is subject to U.S. regulatory approvals and other customary closing conditions and is expected to be financed through existing cash on hand. Kevin Stein, president and CEO of TransDigm, ...
AI technologies such as generative AI could help small GovCons improve efficiency in light of weak growth forecasts, according to a Deltek executive. The Deltek Clarity 2025: Government Contracting Industry Study found that small GovCons are negative on future growth in the U.S. and could take drastic measures such as consolidation or divestiture i...
Arlington Capital Partners has signaled plans to raise its seventh fund, which could exceed the size of any of its previous funds, The Washington Business Journal reported Friday. Two years ago, Arlington Capital closed its sixth fund at $3.8 billion. In 2019, the investment firm secured $1.7 billion for its fifth fund. In a filing...
The Army Materiel Command has tapped Northrop Grumman to manufacture more 120mm M1002 tank training ammunition. The company secured a new order under a firm-fixed-price contract valued at up to $354.9 million, according to an award notice posted on SAM.gov. Details of Northrop’s Ammo Manufacturing Contract From Army The r...
Hewlett Packard Enterprise and Juniper Networks have reached a settlement with the Department of Justice, paving the way for HPE to finalize its proposed $14 billion acquisition of the networking products provider. HPE President and CEO Antonio Neri welcomed the agreement with DOJ, saying it maintains the transaction’s intended benefits to sha...
Andy Green, president of the mission technologies division and executive vice president of HII, has accepted the 2025 Wash100 Award from Jim Garrettson, CEO of Executive Mosaic. The Wash100 Award is conferred annually to 100 government and government contracting leaders for driving innovation and growth within their respective organizations and thei...
