Bluestone Investment Partners has made an investment in Precise Systems, a Maryland-headquartered provider of software development and other professional support services to the Department of Defense. The companies said Tuesday in a joint statement that Scott Pfister, former president and chief operating officer of Precise Systems, has been appointe...
Client Solution Architects, a digital transformation and information technology services consulting firm, has been expanding its presence in the federal IT market in recent years, bolstered by an investment from Blue Delta Capital Partners in July 2021. Executive Mosaic spoke with Tim Spadafore, CSA’s chief operating officer, to ga...
The Department of Defense has moved to update the rates of progress payments meant to help defense contractors mitigate the impacts of the COVID-19 pandemic. In March 2020, DOD issued a memo that increases the progress payment rates for large businesses from 80 percent to 90 percent and from 90 percent to 95 percent for...
An HII (NYSE: HII) business unit will help the U.S. Army Research Laboratory develop, test and evaluate defense systems under a five-year, $94 million task order. HII Mission Technologies will conduct R&D of sensors, weapons and other combat systems for use by mission partners of the Department of Defense, the company said Monday. The parent...
Bernhard Capital Partners has expanded its newly established government services platform by signing an agreement to buy Duotech Services for an undisclosed sum. Franklin, North Carolina-based Duotech provides maintenance and repair, remanufacturing and engineering platforms to support ground-based and aerial radar systems of U.S. defense customers ...
Over time, acquisition processes in the federal government, particularly in the Department of Defense and space realms, have become more flexible and amenable to specific situations and users. In the last half decade or so, veteran DOD servants say changes such as these and others have breathed new life into the development and production of...
U.S. Vice President Kamala Harris and other administration officials met with the chief executives of Alphabet, Anthropic, Microsoft (Nasdaq: MSFT) and OpenAI to discuss the importance of responsible innovation in the artificial intelligence field. The meeting came after the White House unveiled initiatives to ensure AI technology adoption will not ...
Raytheon Technologies (NYSE: RTX) has received a $45.4 million award from the Army Contracting Command to conduct analytics and systems support for an information technology architecture that U.S. and allied nations use to exchange intelligence data. The company will support the Cross-Domain Enterprise All-Source User Repository under the cost-plus-...
A partnership between Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTN) will manufacture man-portable, anti-tank guided munition systems for domestic and international defense customers under a U.S. Army contract worth potentially $7.2 billion. The award to Javelin Joint Venture has a base value of $1.02 billion and covers weapon pro...
Rapid technological advancements have made space more accessible than ever before, opening a new arena for competition between the U.S. and its adversaries. As space continues to grow in influence, the Department of Defense has made it a priority to ensure the security of the evolving domain. Though adversaries are actively working to dominate ...
