Leonid Capital Partners has received a credit facility worth $200 million from Chicago-based global alternative investment firm Victory Park Capital and will use it to support its inaugural institutional fund and a portfolio of loans to defense contractors. LCP is a Huntington Beach, California-based specialty credit fund founded in 2019 and is focu...
Rob Rainhart, formerly chief operating officer at HawkEye 360, was named president of the Herndon, Virginia-headquartered radio frequency and satellite systems developer. He will oversee programs, product development, technology delivery and human resources functions and guide the company’s strategy for expanding into the RF data and analytics...
Lite Coms has won a potential five-year, $500 million contract from the U.S. Navy to provide wideband satellite communications systems and related equipment and support for the U.S. Marine Corps. Marine Corps Systems Command is the contracting activity and received six offers for the firm-fixed-price, indefinite-delivery/indefinite-quantity contract...
Silvus Technologies has appointed to the role of chief operating officer Gorik Hossepian, former vice president and general manager of medium unmanned aircraft systems at AeroVironment (Nasdaq: AVAV). Hossepian is a 40-year veteran of the aerospace and defense industry, serving in companies such as Northrop Grumman (NYSE: NOC), Boeing (NYSE: B...
Serco‘s U.S. arm has secured a potential six-year, $125 million recompete contract to help the Naval Systems Engineering and Logistics Directorate design and engineer naval ships and associated systems. Serco Inc. said Thursday it will support combatant ship integration efforts for the U.S. Navy’s surface ships, boats, autonomous vehicle...
The U.S. Army Engineering and Support Center in Huntsville has released a draft solicitation for a potential 10-year, $3 billion multiple-award task order contract to provide energy and water conservation services at federal facilities. The fourth iteration of the Energy Savings Performance Contracts vehicle will cover services to help federal agenc...
Systems Planning and Analysis, a portfolio company of Arlington Capital Partners, has purchased space domain awareness platforms provider PRKK for an undisclosed sum as part of efforts to expand its offerings in the space and intelligence sectors. Established in 2006, PRKK is focused on providing cross-domain analyses and studies for the U.S. Space ...
Geoffrey Mattson, former senior vice president at LogRhythm, has joined Xage Security as CEO. Xage said Wednesday Mattson will take the helm of the cybersecurity software provider as it keeps up with the continuous growth in demand for its zero trust mesh platform, which pushed year-over-year revenue up by 420 percent in the first half...
Anduril Industries has acquired Blue Force Technologies, a Morrisville, North Carolina-headquartered manufacturer of unmanned aircraft, in a deal to expand the former’s fleet of autonomous systems. Following the transaction whose financial terms were not disclosed, Anduril said Thursday it will utilize Blue Force Technologies’ digital en...
Alka Bhave, a more than two-decade public sector professional, has joined Baltimore, Maryland-based digital services company Fearless as president of the newly established digital division. She will oversee the Fearless Digital team as the new division focuses on helping government and private sector clients address technology and organizational cha...
