Vincent DiFronzo, senior vice president of SAIC’s Air Force, Combatant Command and Department of Defense Agency unit, has been appointed chair of Executive Mosaic’s 4×24 DOD Group. The 4×24 leadership series is the government contracting industry’s premier executive networking program. Designed to promote the sharing of ide...
A General Dynamics‘ (NYSE: GD) subsidiary has secured a $967 million contract modification to continue design, development and lead yard support services associated with the U.S. Navy’s Virginia-class fast-attack submarines. General Dynamics Electric Boat will conduct contract work in Connecticut, North Carolina, Rhode Island and Virgini...
ECS Federal has secured a potential $190.2 million contract from the U.S. Army for the development and demonstration of artificial intelligence capabilities. According to an award notice posted on SAM.gov, the broad agency announcement for the Project “Runaway” has an initial value of $65.7 million that has the potential to reach the ceiling amo...
Altaeros has secured a five-year, $99 million indefinite-delivery/indefinite-quantity contract to deliver autonomous aerostat systems and support services to Customs and Border Protection. The contract covers the provision of the ST-Flex Guardian Class autonomous aerostat designed to carry more than 60 kgs of payload with a maximum flight altitude o...
Huntington Beach, California-based Leonid Capital Partners is closing its inaugural private credit fund with approximately $240 million in capital that will be used to support investments in companies in the national security market. The oversubscribed Leonid Opportunities Fund I generated capital commitments from current and new institutional inves...
It’s that time of the year: the Potomac Officers Club is ready to reveal initial details about its annual, definitive gathering on all things autonomous technology, the Artificial Intelligence Summit. 2024’s edition has been set for Feb. 28 and registration is now open. The 2024 AI Summit is the fifth consecutive iteration of an e...
Arlington Capital Partners has acquired payment software provider Avenu Insights & Analytics from private equity firm Mill Point Capital in an effort to expand its portfolio with product offerings for state and local government customers. The financial terms of the transaction were not disclosed and Arlington Capital said Monday that Paul Colang...
Congress on Saturday passed a continuing resolution to avert a government shutdown and extend federal funding at current levels through Nov. 17, The Wall Street Journal reported. The Senate cleared the bipartisan stopgap funding measure by an 88-9 vote several hours after the House voted 335-91 to approve the bill, paving the way for President...
Defense technology company Cyberlux has acquired Datron World Communications, a provider of tactical communication products, in an effort to broaden its market offerings. According to a Datron press release issued Friday, Cyberlux CEO Mark Schmidt described the acquisition as “a game-changer” for both parties that will lead to “a s...
BAE Systems has partnered with Systecon‘s U.S. arm to deploy the latter’s software suite to boost life cycle support and maintenance planning for the former’s defense portfolio. BAE Platform and Services, Combat Mission Systems will use Systecon North America’s Opus Suite life cycle management software to make data-driven de...
