Software investment firm Thoma Bravo has agreed to acquire portions of Boeing’s digital aviation solutions business in an all-cash transaction valued at approximately $10.55 billion. Boeing said Tuesday the deal will help strengthen its capital structure and is expected to be finalized by the end of 2025, subject to regulatory approval and oth...
Xcelerate Solutions has appointed Donald Ross as executive vice president of growth for Homeland Security and State Department. The defense and national security company said Tuesday Ross will leverage his three decades of experience in the transportation and security sectors to fulfill his new responsibilities of driving the expansion of Xcelarate&...
Lockheed Martin recorded a 4 percent year-over-year increase in fiscal 2025 first-quarter sales to $18 billion, a total backlog of $173 billion and Q1 net earnings of $1.7 billion, or $7.28 per share. In an earnings release published Tuesday, the Bethesda, Maryland-based aerospace and defense contractor said its cash from operations was $1.4 billion...
Erika Dinnie, a longtime General Services Administration leader, has joined MetTel as vice president of federal strategy and planning. She confirmed her new role in a LinkedIn post Monday. Erika Dinnie’s Public Sector Career The executive brings to MetTel extensive experience from the GSA, where she served in leadership roles for ov...
Agentic AI is catching a lot of attention among government officials for its potential to streamline services and improve how bureaucracies do business. But what exactly is agentic AI and how does it work? Think of agentic AI as digital agents working on one’s behalf. Instead of relying on humans to constantly issue instructions, agentic ...
By Kim Koster, Vice President of Industry Marketing at Unanet Government contractors face mounting pressure to deliver more with less. With increasingly complex requirements and shrinking margins for error, resource management has become more than a strategic function. It’s now an operational necessity. But many companies still operate wi...
General Dynamics NASSCO has secured a potential $138.7 million firm-fixed-price contract to provide maintenance, modernization and repair services to the USS Oak Hill, or LSD 51, dock landing ship. Maintaining USS Oak Hill Mission Readiness The Department of Defense said Friday the company will deliver services associated with labor, supervisio...
Private equity firm Turn/River Capital has acquired SolarWinds through a $4.4 billion transaction that turns the IT management software provider into a privately held company. In a joint release published Wednesday, the companies said SolarWinds shareholders received $18.50 in cash per share under the transaction. Upon the deal’s closing, Sola...
Maxar Space Systems has appointed technology executives Frank Pelkofer and Melissa Kornspan as chief operating officer for spacecraft production and COO for operations transformation, respectively. In separate LinkedIn posts published Wednesday, Pelkofer and Kornspan said they look forward to partnering to further advance space technology. According...
Defense technology company Shield AI has acquired Crowdbotics’ Data Driven Readiness, or DDR, software tools for an undisclosed sum to expand its capability to deliver end-to-end artificial intelligence-enabled defense autonomy platforms to customers. Integrating DDR With Shield AI’s Hivemind Autonomy Stack Shield AI said Tuesday it will...
