Virgin Orbit and blank check company NextGen Acquisition Corp. II (Nasdaq: NGCA) have agreed to merge that would result in the satellite launch services provider becoming a publicly traded company with an enterprise value of approximately $3.2 billion. The boards of directors of Virgin Orbit and NextGen have cleared the transaction and both parties ...
Elinor Damo, formerly a director at Peraton, has joined the federal business of CGI (NYSE GIB) as vice president for consulting services. Damo announced her new role in a LinkedIn post and said that she will focus on CGI Federal’s Department of Homeland Security customers. She joined Peraton after its private-equity owner, Veritas Capital, acq...
Jerry McGinn, executive director of the Center for Government Contracting at George Mason University’s School of Business and a 2021 Wash100 Award winner, said the Department of Defense should continue its focus on intellectual property and security and address challenges related to those two factors to safeguard and further advance innovation. He...
Boeing (NYSE: BA) has secured a $487 million contract from the U.S. Army for the provision of engineering services and technical support to the service branch’s Apache AH-64 attack helicopters through Feb. 6, 2026. The cost-plus-fixed-fee contract awarded by the Army Contracting Command has task orders that will determine work locations and fu...
TYSONS CORNER, VA, August 23, 2021 — Srini Iyer, a senior vice president and chief technology officer at ManTech (Nasdaq: MANT), said exploring emerging technology trends and applications could help vendors and their federal customers identify the best possible approaches to modernizing government health information systems, ExecutiveBiz reported ...
TYSONS CORNER, VA, August 23, 2021 — BAE Systems‘ U.S. subsidiary developed an open architecture system-of-systems testbed to help military customers assess technologies and data management processes, GovCon Wire reported Aug. 6. The company said Aug. 5 its virtual SoS testbed functions as a system integration and engineering tool designed t...
Huntington Ingalls Industries (NYSE: HII) has closed its $1.65 billion cash acquisition of Alion Science and Technology as part of a growth strategy to expand HII’s technical service offerings in target markets. The Newport News, Virginia-based shipbuilder first announced the transaction to acquire Alion from private equity firm Veritas Capita...
General Dynamics‘ (NYSE: GD) information technology business has secured a potential four-year, $136.5 million contract to consolidate IT help desks for the U.S. Navy. The company will build a knowledge-based platform that uses artificial intelligence, natural language processing, machine learning and analytics technology to manage the branch&...
A Chenega Corp. subsidiary has secured a potential 10-year, $2.5 billion contract to provide professional contractor support services for the Securities and Exchange Commission. The Integrated Professional Acquisition Support Services 2.0 indefinite delivery/indefinite quantity contract awarded to C2 Alaska has a base term of five years and a five-y...
GlobalFoundries confidentially filed with the Securities and Exchange Commission for its planned initial public offering that could give the New York-based semiconductor company a valuation of approximately $25 billion, Reuters reported Wednesday. Reuters cited sources that say GlobalFoundries is expected to disclose its IPO filing in October and co...
