A report by financial services company Raymond James (NYSE: RJF) indicates that 79 mergers and acquisitions occurred in the defense and government market during the second quarter of 2024, a 6.7 percent increase from the prior-year period. The June report was issued by Raymond James’ defense and government investment banking team, where 2024 W...
The U.S. Space Force has awarded 20 small enterprises positions on a potential $1 billion contract to develop a next-generation ground system for military satellites, SpaceNews reported Friday. Rapid Resilient Command and Control is a small business set-aside program that seeks to build a ground system on a commercial cloud architecture to support s...
U.S. Department of the Army Secretary and 2024 Wash100 Award winner Christine Wormuth made it clear at this year’s South by Southwest festival in March that the service branch is operating under a software-first directive. She specifically noted that “the Army’s success on future battlefields will depend on [its] ability to rapidly updat...
Amentum has received a potential five-year, $256 million follow-on contract from NASA to provide program, engineering, project management, science and operations support services for the space agency’s Ames Research Center in California. NASA said Friday Southeastern Universities Research Association will serve as a subcontractor to Amentum on the...
Frank Varga, formerly chief operating officer at Apogee Engineering, has been promoted to president and CEO of the Colorado-headquartered national security and defense technology and services provider. He succeeds Wes Georges, founder of Apogee, and helps drive the growth of the company’s capability offerings for the federal and government mar...
BAE Systems has secured a $95 million contract to equip the U.S. Navy’s P-8A Poseidon multi-mission maritime aircraft with electronic warfare advanced countermeasure pods to protect against missile threats. The pods will provide the maritime patrol plane with early threat detection and countermeasures to detect and counter incoming threats and...
Herndon, Virginia-based federal systems integrator Tyto Athene has agreed to acquire managed cybersecurity services provider MindPoint Group for an undisclosed amount as part of efforts to expand its cyber capabilities and broaden its presence in the federal civilian market. Tyto Athene said Tuesday it expects the acquisition to conclude at the end ...
Multinational information technology company HP (NYSE: HPQ) has completed its acquisition of Maryland-based CyberCore Technologies for an undisclosed sum and will run the acquired company as a subsidiary of HPI Federal. In a LinkedIn post published Monday, CyberCore said it will continue to operate as a standalone company and channel partner and wil...
The U.S. Army Corps of Engineers has selected eight contractors out of the 29 vendors that submitted their bids online to offer architecture and engineering general design support. AECOM‘s (NYSE: ACM) technical services business, Burns & McDonnell Engineering Company, CEMS Engineering, EXP Federal, HDR Engineering, Merrick-RS&H joint v...
Maurizio Surdo, an information technology and program management professional, has joined LinTech Global, a subsidiary of staffing and IT services provider Dexian, as vice president of business development. He announced his move to LinTech through a LinkedIn post published Friday. In this capacity, Surdo will help facilitate the delivery of IT and e...
