Redwire (NYSE: RDW) has purchased microgravity biotechnology developer Techshot in a move to complement the former’s space infrastructure offerings. Jacksonville, Florida-based Redwire said Tuesday that the transaction was in line with the company’s in-space manufacturing vision in low-Earth orbit. Headquartered in Floyd County, Indiana,...
Christopher Radich, regional vice president of public sector digital strategy at Salesforce (NYSE: CRM), said government agencies seeking to reduce their dependence on custom code and improve customer service should develop and implement a multicloud strategy that includes a combination of software-as-a-service, infrastructure-as-a-service and...
Fixed-Price Contracts The pricing of this group of government contracts will not change. However, there are times when a ceiling price, target price, or even both are used. It’s also worth noting that with fixed-price contracts, the risk is transferred to the contract. This is due to the fact that these government contracts are not...
Individuals or firms who enter into a contract with any government department or agency to perform a specified task, provide labor and materials, or sell goods and services, are known as federal contractors. A federal subcontractor is a business that works with another business that has direct government contracts. Both contractors and subcontractor...
James Stavridis, a 37-year U.S. Navy veteran, has joined the board of directors at Sunnyvale, California-based cybersecurity company Fortinet (Nasdaq: FTNT). The retired admiral works for The Carlyle Group as a managing director and vice chairman of the investment firm’s global affairs and chairs the board of trustees at the Rockefeller Founda...
TYSONS CORNER, VA, Oct. 6, 2021 — A vice president at Raytheon Technologies‘ (NYSE: RTX) intelligence and space business has talked about how the company provided assistance in analyzing and detecting fire patterns during an ongoing series of wildfires in California by employing its artificial intelligence technology that leverages ensemble ...
Systecon Group has won a contract to help the U.S. Army analyze the operational status of military vehicles and weapons systems using its’ proprietary AI and Predictive Analytics software. The company said it will implement predictive analytics technology that enables the Army to understand equipment condition and optimize the decision-making pro...
The Federal Aviation Administration has awarded several companies contracts worth more than $100 million combined to build technologies that could help reduce aircraft’s fuel consumption, noise and emissions. FAA said Friday the awards are part of the third phase of the agency’s Continuous Lower Energy, Emissions and Noise program, a public-priv...
Red Cat Holdings (Nasdaq: RCAT) has completed its purchase of Utah-based unmanned aircraft system manufacturer Teal Drones in an effort to expand into the military sector and pursue business growth opportunities. Following the closure of the all-stock acquisition deal, Red Cat will add Teal to its enterprise segment that also covers remote inspectio...
Joshua Frank, founder and managing partner of RSM Federal, is set to discuss his perspectives on the government contracting business, during ExecutiveBiz’s fireside chat session TODAY at 2 p.m. Eastern time. The three-decade GovCon market veteran authored the book “An Insider’s Guide to Winning Government Contracts: Real World Strategi...
