Veritas Capital has closed its ninth flagship fund and related vehicles at $15.3 billion, expanding its capital base despite a challenging global fundraising environment. How Does Fund IX Compare to Prior Veritas Funds? The New York-based investment firm said Tuesday the Fund IX close represents a 40 percent increase over its predecessor fund, which...
Naval Supply Systems Command has awarded 24 companies positions on the $55 billion follow-on Worldwide Expeditionary Multiple Award Contract Territorial Integrity of the U.S., or WEXMAC TITUS 2.2, vehicle. As NAVSUP moves forward with major contracting efforts such as the WEXMAC TITUS 2.2 vehicle, government and industry stakeholders continue to tra...
The Department of War’s U.S. Special Operations Command, or USSOCOM, has issued a sources sought notice to assess industry capabilities for a small cruise missile program following the successful completion of a prototype effort. What Is USSOCOM Seeking? According to the notice published Thursday on SAM.gov, USSOCOM’s Program Execut...
By Chuck Brooks, president of Brooks Consulting International The future of innovation in both government and industry will not be distinguished by singular breakthroughs, but rather by the convergence and meshing of a number of different new technologies. Going forward, industries, national security, economic competitiveness, privacy and almost eve...
BAE Systems has named Mona Bates as its new senior vice president and chief information and digital officer, effective Feb. 23, 2026. She will oversee the company’s enterprise technology and digital strategy and lead its IT organization, BAE Systems said Thursday. She will report to BAE Systems President and CEO Tom Arseneault, a four-time Was...
Marcus Lopez has been appointed chief operating officer of Akima, a provider of mission-focused services to the federal government, the company said Thursday. Who Is Marcus Lopez? Lopez is a seasoned operations executive and business strategist with over three decades of experience steering operational performance, expanding market presenc...
Peraton has appointed Bob Genter, a federal technology industry leader, as president and chief operating officer, effective Feb. 17. The latest appointment at Peraton comes as GovCon leaders continue to prioritize operational execution, growth strategy and mission delivery across the federal market. Those themes will take center stage at the Potomac...
The Department of the Air Force has launched the Resilient Analytic Platforms for Intelligence Delivery, or RAPID, advanced research announcement, also known as ARA, valued at a total of $237 million for the development of secure information sharing technologies for the armed forces and the intelligence community. The ARA is open for white paper sub...
Parsons reported $6.4 billion in revenue for fiscal year 2025, while achieving record adjusted EBITDA and net income for the full year. How Did Parsons Perform Financially in Fiscal Year 2025? In an earnings release published Wednesday, the Chantilly, Virginia-based disruptive technology provider said total revenue of $6.4 billion showed a 6 pe...
Sabel Systems Technology Solutions has appointed Stephen Vukovich, an IT implementation project manager, as interim senior vice president and president of its aerospace digital acceleration, or ADAx, business unit. In a LinkedIn post published Wednesday, the company said Vukovich assumes the role following the retirement of SVP Matthew Cho, who conc...
