Mach Industries has raised $100 million in a round of Series B financing led by Khosla Ventures and Bedrock. Establishing ‘Asymmetric Unmanned Capability’ The defense manufacturing company said Tuesday it will use the capital to expand its flagship factory Forge Huntington; scale its tactical engine division Mach Propulsion; and advance ...
Monique Shivanandan has been named a member of the board of directors at Iridium Communications. The global voice and data satellite communications provider said Tuesday Shivanandan will serve as an independent director under prevailing regulations. She will be part of the Compensation Committee. Matt Desch on Shivanandan’s App...
Defense technology company Raft has acquired N3bula Systems for an undisclosed sum to advance mission-critical defense modernization to support the next generation of unified joint force operations. Raft said Tuesday the acquisition establishes a unified artificial intelligence and data backbone designed to transform fragmented military systems into...
NeoSystems has appointed Jeff Huckle as chief operating officer to strengthen its relationship with Microsoft, with a focus on collaborations related to cybersecurity, cloud hosting and Cybersecurity Maturity Model Certification compliance. Huckle, a seasoned technology executive with over 25 years of experience in sales, consulting, digital transfo...
Andy McEnroe, managing director at Guggenheim Securities, received the 2025 Wash100 Award from Executive Mosaic CEO Jim Garrettson. The seasoned government investment banker was recognized with his first Wash100 accolade for his significant market insights and impactful contributions to key mergers and acquisitions in the government a...
OpenAI has received a potential $200 million other transaction agreement from the Department of Defense’s Chief Digital and Artificial Intelligence Office, or CDAO, to build frontier AI prototypes designed to address critical national security challenges in warfighting and enterprise areas. DOD said Monday work on the prototype OTA will primar...
American Electronic Warfare Associates has booked a $466.7 million cost-plus-fixed-fee contract from the U.S. Navy to provide advanced aircraft research, development, test and evaluation, or AARDT&E, services for the service branch and non-Department of Defense partner nations. Scope of the Contract The DOD said Monday the indefinite-delive...
Global alternative asset manager Tikehau Capital has agreed to buy ruggedized displays provider ScioTeq from private equity firm OpenGate Capital through its aerospace and defense fund. According to a joint release published Monday, the firms expect the transaction to close by the fourth quarter of 2025. Upon the deal’s closing, OpenGate will ...
Lockheed Martin has named Craig Martell, a two-time Wash100 Award recipient, as its new vice president and chief technology officer, effective Monday. Martell will bring over two decades of experience in both the government and private sectors, including at the Department of Defense and commercial technology organizations, Lockheed Martin said Monda...
Core One Solutions has named Mac Curtis, former chairman of the board at Cubic and a nine-time Wash100 Award recipient, to its board of directors. Core One said Tuesday Curtis brings to the board his deep leadership experience in the government services sector. Patrick Moniz, CEO of Core One Solutions, welcomed the addition of Curtis...
