Cybersecurity and compliance firm Summit 7 has added four executives — Kevin Boucher, Shane Shipley, Armando Ordonez and Amanda Patterson — to its leadership team to support growth initiatives. The leadership expansion at Summit 7 comes as the government contracting community continues to focus on cybersecurity and compliance priorities....
RTX subsidiary BBN Technologies has secured a potential five-year, $125 million contract from U.S. Transportation Command to provide a suite of tools to support the development of simulation and modeling environments. What Is the Scope of the USTRANSCOM IDIQ Contract? The Department of War said Monday the indefinite-delivery/indefinite-quantity cont...
Sierra Space has appointed Jeff Schrader, former executive at Lockheed Martin, as chief strategy officer. The Louisville, Colorado-headquartered company said Monday that Schrader will spearhead initiatives, including corporate development and mergers and acquisitions, to support Sierra’s growth and expansion. “As we accelerate the busine...
Rahul Dubey, vice president of global regulated markets solutions at CyberArk, said federal agencies should treat artificial intelligence agents as a new class of privileged identities to mitigate emerging security risks. “AI agents have access to an organization’s most sensitive resources, which makes them privileged identities. And alt...
Overmatch Ventures has raised a $250 million second fund to expand investments in early-stage companies focused on defense, space and deep technology sectors. What Is the Investment Focus for Fund II? The venture capital firm said Tuesday the oversubscribed raise, which builds on its $70 million debut fund, will be utilized to expand Overmatch&...
Performance Drone Works has raised more than $110 million in a Series B financing round to scale military drone production, strengthen engineering capabilities, expand product offerings and support future growth initiatives and other strategic programs. The latest funding round reflects continued investment activity across the defense technology and...
The Department of State has released a sources sought notice for a potential follow-on to the Diplomatic Platform Support Services, or DiPSS, indefinite-delivery/indefinite-quantity contract. What Is the Purpose of the Notice? According to the notice published Thursday on SAM.gov, the State Department’s global acquisitions office is solic...
Government IT services contractor Aretum has promoted Amy French, most recently chief accounting officer, to chief financial officer. Vienna, Virginia-based Aretum said French will oversee the company’s financial strategy, accounting, treasury, planning and analysis, and compliance functions as CFO. She will also continue working with Aretum&#...
HII has appointed Christie Miller and Christian Ortego to vice president roles at its Newport News Shipbuilding division as the company continues leadership transitions supporting its naval shipbuilding operations. Miller will be promoted to vice president of communications, while Ortego will join as vice president and chief counsel, HII said. Both ...
Shield AI has agreed to acquire simulation software company Aechelon Technology as part of efforts to expand its technological capabilities. The San Diego-based defense and aerospace technology company said Thursday it is also raising $1.5 billion in a Series G funding round at a post-money valuation of $12.7 billion, alongside $500 m...
