Leonid Capital Partners has received a credit facility worth $200 million from Chicago-based global alternative investment firm Victory Park Capital and will use it to support its inaugural institutional fund and a portfolio of loans to defense contractors. LCP is a Huntington Beach, California-based specialty credit fund founded in 2019 and is focu...
Redhorse Corporation CEO and two-time Wash100 Award winner John Zangardi has been reappointed as chair of Group 2 Leadership for Executive Mosaic’s 4×24 executive leadership program. 4×24 is a series of networking and dinner events that provide an important forum for senior industry executives to collaborate with and learn...
BAE Systems was awarded a $797 million initial order to proceed with full-rate production of the Armored Multi-Purpose Vehicle for the U.S. Army. The service branch said Thursday the contract value could reach $1.6 billion if it exercises options to order additional units of the AMPV, which is designed to replace the M113 family of...
Fintech financial services provider Array US and software company Verato were awarded spots on a $330 million indefinite-delivery/indefinite-quantity contract from the Defense Counterintelligence and Security Agency for credit reporting services. Both contractors will compete for delivery orders under the potential 10-year IDIQ to support DCSA’...
HII (NYSE: HII) has won a seven-year, $78.7 million contract to provide independent advice and assessment support for the Missile Defense Agency’s initiative to develop an integrated and layered system for intercepting adversary missiles. The Department of Defense named Alion Science and Technology the awardee of the competitive cost-plus-fixe...
The National Institute of Standards and Technology has started to solicit proposals from industry sources that could provide data and analysis on semiconductor credit ratings, research and financial data. The Department of Commerce’s CHIPS program office will use the information to assess potential financial and credit risks associated with loan a...
ManTech will integrate and maintain systems for the U.S. Army Combat Capabilities Development Command’s C5ISR Center under a five-year, $622 million task order. The company said Thursday it will help the center update analytics capabilities, engineer software and implement technology insertions. Program areas covered by the task order include ...
Quantum computing is not a new field by any means, but its impact and potential are still largely unknown. In the next few decades, experts believe quantum developments will have significant, game-changing implications in a myriad of fields, and the capabilities quantum unlocks will be critical for the country’s technological power. However, quant...
Although the United States Army has been strategically prioritizing the “Army of 2030” recently, the service’s modernization goals don’t stop there. Today, Army leaders are looking even further into the future and preparing for fights well beyond the next decade. During his keynote address at the Potomac Officers Club’s 8th Annual Arm...
To maintain preparedness for current and future conflicts, the U.S. Army has embraced the “Army of 2030,” a momentous modernization effort designed to shift the service branch’s priorities to fit the characteristics of today’s international competition and deploy the technologies necessary to succeed in the evolving battlefield. The pla...
