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....
The U.S. Navy has awarded contract modifications to nine companies, raising the total ceiling of an existing training systems support contract vehicle to $2.51 billion. The Potomac Officers Club’s 2026 Navy Summit will showcase how emerging technologies are driving the next wave of naval innovation and operational advantage. Register toda...
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...
Leidos has finalized its $2.4 billion acquisition of ENTRUST Solutions Group, expanding its energy infrastructure business as utilities face rising demand, grid modernization requirements and resilience challenges. The company said Monday the transaction doubles its presence in the energy infrastructure market and strengthens its position as a provi...
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...
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&#...
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...
