Ridgeline International has agreed to acquire System High for an undisclosed sum as part of efforts to establish a scaled provider of high-end security offerings designed to protect the country’s weapons systems, critical operations and intelligence missions. According to a joint release published Wednesday, the companies expect the transactio...
The U.S. Navy has awarded Boeing’s Insitu subsidiary a $102.3 million contract modification to supply 21 RQ-21A Blackjack and 47 ScanEagle unmanned aircraft systems. Contract Scope The Department of Defense said Tuesday the modification includes the procurement of associated payloads, support equipment, turrets, spares, training and tools for both...
Michele St. Mary has been selected as the new chief legal officer and general counsel at Amentum, effective immediately. The advanced engineering and innovative technology services provider said Monday that St. Mary would oversee its legal, ethics, compliance, contracts and security functions worldwide. She will be responsible for corporat...
BAE Systems has secured a new contract valued at $251 million from the U.S. Navy to supply critical system engineering and on-site technical support to the AEGIS Technical Representative organization. The company said Monday that the deal will support not just the U.S. Navy, but also the Missile Defense Agency and foreign military sales customers.&n...
Alaska Native corporation Chenega has named Terry Nihart, a retired U.S. Army colonel, as president of its security strategic business unit, or SSBU. In a LinkedIn post published Monday, the company said Nihart succeeds Tim Lamb, who is retiring after 21 years of service as a key corporate leader at Chenega. “I am truly humbled...
Anduril Industries, a defense technology contractor, has secured a firm-fixed-price, indefinite-delivery/indefinite-quantity contract worth $99 million from the U.S. Air Force for prototyping projects for the Phase III of the Thunderdome Small Business Innovation Research, or SBIR, initiative. Lattice-Driven Prototyping Projects The Department ...
The GovCon Index registered four daily losses in five trading sessions for two straight weeks. On Friday, the index, which tracks the stock performances of 30 major government contractors, fell -1.64% to $4,576.02. This represents four consecutive weekly losses since the last two weeks of January. Defense stocks have taken a hit because of policy...
Artificial intelligence platform provider Virtualitics has promoted Rob Bocek, a defense technology industry veteran, to chief revenue officer. The Pasadena, California-based company said Thursday Bocek will drive AI innovation across federal and global markets, strengthen partnerships and help scale platforms that support customers’ missions....
Iridium Communications reported fiscal 2024 fourth-quarter revenue of $213 million, up 9 percent from the prior-year period, and saw its total revenue for the full year increase 5 percent to $830.7 million. In an earnings release published Thursday, the McLean, Virginia-based satellite communications company said Q4 and full-year net income were $36...
Chugach Government Solutions has hired Christopher Buffoni as senior vice president and chief financial officer. The company said Thursday that he would oversee its financial activities, support the execution of its strategic growth plans and boost its financial performance. “I have dedicated my career to supporting the brave and noble m...
