NASA has awarded indefinite-delivery/indefinite-quantity contracts with a potential cumulative value of $4.82 billion to four companies to provide support services for the Near Space Network. The agency said Friday the contractors will aid in the expansion of the Near Space Network’s commercial direct-to-Earth capabilities, which enable...
South Korea-based Hanwha Systems and Hanwha Ocean have closed their acquisition of U.S. shipbuilder Philly Shipyard for approximately $100 million to expand its footprint in the U.S. market for defense growth and commercial shipbuilding. David Kim, most recently executive vice president for Hanwha Defense USA, has been appointed CEO of the acquired ...
LiDAR, or light detection and ranging, has emerged as a pivotal technology in various industries, offering unparalleled precision in mapping and imaging. However, its strategic use in military applications and critical infrastructure has raised significant concerns regarding national security, particularly as adversarial nations like China adva...
Gladstone Investment and Proteus Enterprises have signed a definitive agreement to acquire Michigan-based engineering services and systems integration provider Ricardo Defense. The transaction is expected to close by the end of 2024, Gladstone Investment said Thursday. The companies did not disclose additional details about the sale, but Glads...
IT consulting firm Trace3 has acquired Zivaro for an undisclosed sum as part of a push to expand its government, public sector and critical infrastructure capabilities. Trace3 said Thursday the transaction will create a new business vertical called Trace3 Government and that it expects full integration to occur in the second quarter of 2025. The...
2024 has seen a number of significant mergers and acquisitions in the government contracting sector. With organizations seeking to expand their portfolios, increase competitive advantage and break into new markets, M&A activity has transformed the industry. From aerospace and defense to cybersecurity and technology innovation, these deals are re...
Firestorm Labs has secured a $100 million Small Business Innovation Research Phase III contract from the U.S. Air Force for small unmanned aerial systems, research and development and support services. The Department of Defense said Wednesday that under the decentralized indefinite-delivery/indefinite-quantity contract, the San Diego, Californ...
Firefly Aerospace will launch six scientific experiments and technology demonstrations on the lunar surface for NASA. The Cedar Park, Texas-based company secured a $179 million contract under the Commercial Lunar Payload Services initiative, which tasks American companies to conduct space missions in support of the Artemis campaign, NASA said Wednes...
The Senate voted 85-14 on Wednesday to pass a defense bill that would authorize $895.2 billion in fiscal year 2025 funding for national defense. The Senate Armed Services Committee said Wednesday the FY 2025 National Defense Authorization Act, or NDAA, would authorize $849.9 billion for the Department of Defense and $33.3 billion for the Department...
Until surprisingly recently, U.S. state and local governments have had a limited awareness of populations and demographics; it’s unclear who lives where and especially what their health needs might be. This becomes glaringly apparent when a weather disaster hits. When Hurricane Sandy pummeled the northeast in 2012, followed by several other disast...
