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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...
Are you ready to gain unparalleled insights, forge important connections and lead the future of defense contracting? Time is ticking! Today, June 17, is the final deadline to register for the 2025 DOD Summer Series, a trio of groundbreaking GovCon events from Potomac Officers Club. For the first time in the organization’s history, yo...
Archer Aviation has sold $850 million worth of shares to bring in additional funding for the electric vertical take-off and landing aircraft, or eVTOL, Integration Pilot Program. The Santa Clara, California-based company said Thursday it sold 85 million shares of its Class A common stock at $10 each in support of President Donald Trump’s ...
Brian Petro announced on LinkedIn Friday that Lockheed Martin has appointed him as its new vice president of program finance for missiles and fire control. The long-time Lockheed Martin executive will direct all financial aspects for programs within the MFC business unit, including business development, execution, forecasting and reporting...
Redwire has finalized its acquisition of Edge Autonomy as part of a push to establish a multidomain space and defense technology company. In January, AE Industrial Partners-backed Redwire struck a $925 million cash-and-stock deal for Edge Autonomy to create a combined entity focused on advancing integrated autonomous operations for defense and natio...
Micron Technology has announced plans to invest approximately $200 billion in semiconductor manufacturing and research and development efforts in the U.S. as part of a push to improve domestic memory supply and drive U.S. innovation and technology leadership. The company said Thursday the investment includes $30 billion in additional funding to buil...
Oshkosh Defense has been awarded a $792.4 million contract modification by the U.S. Army to continue manufacturing the Family of Medium Tactical Vehicles A2 variants. Scope of the FMTV A2 Contract The Department of Defense said Wednesday the Wisconsin-based company secured a three-year contract extension to continue producing the FMTV A2,...
CNBC reported Tuesday Palmer Luckey, founder of Anduril Industries, said the defense technology company will go public. When asked about plans for an initial public offering, Luckey told CNBC’s Closing Bell: Overtime in a video interview that Anduril is “definitely going to be a publicly traded company.” “We are running this ...
