Parsons has acquired Chesapeake Technology International, a Bluestone Investment Partners portfolio company, for approximately $89 million as part of a push to expand its electromagnetic warfare and all-domain offerings for the U.S. defense market. Parsons said Tuesday the transaction aligns with its strategy of broadening its portfolio of critical ...
The Department of Homeland Security has decided to cancel the FirstSource III and PACTS III contract vehicles for IT support and professional services, respectively, in alignment with recent executive orders. In March, President Donald Trump signed an executive order to consolidate federal procurement of goods and services within the General Se...
Bethesda, Maryland-based Emagine IT has appointed Cedric Sims, a more than 25-year public sector leader, as CEO. In this capacity, Sims will oversee efforts to help deepen EIT’s commitment to plug-and-play innovation, mission-aligned delivery and operational efficiency in support of federal IT customers. EIT has provided secure, scalable platf...
TransDigm Group has agreed to acquire Simmonds Precision Products from defense contractor RTX for approximately $765 million in cash. TransDigm said the transaction is subject to U.S. regulatory approvals and other customary closing conditions and is expected to be financed through existing cash on hand. Kevin Stein, president and CEO of TransDigm, ...
Boeing has announced the appointment of Jesus “Jay” Malave as executive vice president and chief financial officer, effective Aug. 15. Malave will replace current CFO Brian West, who will become a senior adviser to Boeing President and CEO Kelly Ortberg and assist with the upcoming CFO leadership transition. Who Is Jesus “Jay”...
AI technologies such as generative AI could help small GovCons improve efficiency in light of weak growth forecasts, according to a Deltek executive. The Deltek Clarity 2025: Government Contracting Industry Study found that small GovCons are negative on future growth in the U.S. and could take drastic measures such as consolidation or divestiture i...
Hewlett Packard Enterprise and Juniper Networks have reached a settlement with the Department of Justice, paving the way for HPE to finalize its proposed $14 billion acquisition of the networking products provider. HPE President and CEO Antonio Neri welcomed the agreement with DOJ, saying it maintains the transaction’s intended benefits to sha...
The U.S. Navy has awarded General Dynamics Electric Boat a $1.85 billion undefinitized contract action modification to a previously awarded contract for long lead time material and preliminary construction efforts associated with Virginia-class Block VI submarines. The Potomac Officers Club’s 2025 Navy Summit is a premier gathering of naval an...
Senior Department of Defense officials and military leaders released on Thursday DOD’s $961.6 billion fiscal year 2026 proposed budget, which includes $848.3 billion in discretionary funding and $113.3 billion in mandatory funding through congressional reconciliation, DOD News reported. “This historic defense budget prioritizes strengthe...
Julia Martin has been selected to take on the interim CEO role and lead Advanced Technology International during the transition period. ATI said Thursday the board of directors appointed Martin to replace John Jansen, who recently resigned as CEO. Who Is Julia Martin? Martin is a longstanding executive at ATI, having been with the company ...
