Defense Unicorns has raised $136 million in Series B funding and reached a valuation exceeding $1 billion. How Will Defense Unicorns Use the Funding? The San Antonio, Texas-based company said Tuesday that the capital will support further development of Unicorn Delivery Service, or UDS, a portable, airgap-native runtime platform for packaging, deploy...
A report by financial services company Raymond James reveals that 125 mergers and acquisitions took place in the defense and government market during the third quarter of 2025, a 30 percent increase from the same period the previous year. The November report was issued by Raymond James’ defense and government team, where Sam Maness, a...
Darktrace is expanding its executive committee with the appointments of Suman Raju as chief financial officer and Hein Hellemons as chief revenue officer. Raju and Hellemons will report to Darktrace CEO Jill Popelka, the company said Monday. “I’m thrilled to welcome Suman and Hein to the executive team,” Popel...
The One Big Beautiful Bill Act, signed into law on July 4, delivers an unprecedented $190.6 billion to the Department of Homeland Security and its components—doubling DHS’ near-term resources and creating one of the most expansive multi-year acquisition runways in its history. Most of the money is available through fiscal 2029, set...
The Immigration and Customs Enforcement has awarded BI, a Boulder, Colorado-based electronic monitoring systems provider, a potential $1 billion contract to provide support services as part of the fifth iteration of the Intensive Supervision Appearance Program, or ISAP V. Join top government and industry leaders at the Potomac Officers Club’s ...
The U.S. Coast Guard has awarded AttainX, VivSoft Technologies and Active Defense JV positions on the Agile C5ISC Operational & Modernization Pipeline for Application Support Services, or COMPASS, procurement contracts. The selections were announced through award notices published on the Federal Procurement Data System — Ne...
The Immigration and Customs Enforcement has issued a request for proposals for the fifth iteration of its Intensive Supervision Appearance Program, with a plan to award a potential $2 billion indefinite-delivery/indefinite-quantity contract. The request for proposals, posted on SAM.gov on Friday, stated that the contract will have a maximum performa...
The Potomac Officers Club’s 2025 Summer Series has been a smashing success—bringing together the top minds in GovCon and defense for conversations that matter. From advances in AI and cybersecurity to innovative strategies in defense modernization and federal contracting, each event has delivered meaningful insights, practical takeaways and ...
Parsons posted $1.6 billion in fiscal year 2025 second-quarter revenue, down 5 percent from the prior-year period, and ended the quarter with a total backlog of $8.9 billion with a book-to-bill ratio of 1.1x on net bookings of $1.5 billion. In an earnings release published Wednesday, the Chantilly, Virginia-based defense and infrastructure eng...
DOD’s space enterprise continues to evolve its acquisition strategy culture by cancelling contracts for poor performance and emphasizing delivering critical warfighting capability, not future promises, Maj. Gen. Stephen Purdy said Thursday at the Potomac Officers Club’s 2025 Air and Space Summit. Purdy, the acting assistant secretary of...
