Artificial intelligence company BigBear.ai (NYSE: BBAI) has agreed to acquire vision AI technology provider Pangiam Intermediate Holdings in an all-stock transaction valued at approximately $70 million. Columbia, Maryland-based BigBear.ai said Monday it expects the deal to close in the first quarter of calendar year 2024 and expand its portfolio of ...
In the four and a half years since its inception, the Space Development Agency has challenged the status quo and provided the defense landscape with a glimpse of the Pentagon’s next era of innovation. As the Director of SDA, Dr. Derek Tournear has been a vocal champion of change, and he’s not afraid to be a...
KBR (NYSE: KBR) delivered a strong and well-rounded performance in Q3 2023, and its president and CEO, Stuart Bradie, described the nine percent all organic at the revenue line as a terrific performance. In the three months that ended Sept. 29, 2023, revenue increased to $1.77 billion from $1.62 billion in Q3 2022. The provider...
Enlightenment Capital-backed IntelliBridge has acquired RevaComm, a digital transformation firm that delivers technology products and agile DevSecOps to federal civilian and defense agencies. “The addition of RVCM to the IntelliBridge platform broadens the company’s technology capabilities, adding a suite of software products, a differentiat...
Mark Thompson, formerly a senior vice president at Arcfield‘s global defense and security solutions, has been promoted to president and general manager of the company sector, according to a recently published LinkedIn post. He will provide oversight of Arcfield’s four business units and 370 employees that offer cybersecurity, mission sup...
Leidos (NYSE: LDOS) has announced key leadership changes and realigned its operating groups into five sectors, effective Jan. 1, as part of efforts to execute its long-term strategy and drive innovation. Gerry Fasano, president of Leidos’ defense group and a four-time Wash100 awardee, will transition to the role of chief growth officer with oversi...
After 10 years of operation, the Defense Health Agency has reorganized its internal structure with the aim of better serving the internationally stationed joint forces of the U.S. On Oct. 1, DHA ushered in the first phase of its restructure with the introduction of nine Defense Health Networks, or DHNs, replacing its previous 20 direct reportin...
HII (NYSE: HII) released its recent financial results and achieved several milestones in the third quarter of 2023. In the three months that ended Sept. 30, 2023, total revenues during the quarter increased 7.2 percent to $2.81 billion versus Q3 2022, a new third-quarter record, while new contract awards hit $5.4 billion. The company said...
Seth Kindley, formerly a principal technologist at enterprise data security provider Pure Storage (NYSE: PSTG), has joined Hewlett Packard Enterprise (NYSE: HPE) as chief technology officer for the civilian federal sector. He announced his new role Thursday on LinkedIn and assumed the position following an almost seven-year career at Pure Storage. K...
Potomac Officers Club will kick off its exciting slate of monthly summits next year with the 10th Annual Defense R&D Summit on Jan. 31, 2024. To celebrate its first decade, the event will feature none other than Under Secretary of Defense for Research and Engineering Heidi Shyu as the opening keynote speaker. Shyu is one of...
