South Korea-based Hanwha Systems and Hanwha Ocean have closed their acquisition of U.S. shipbuilder Philly Shipyard for approximately $100 million to expand its footprint in the U.S. market for defense growth and commercial shipbuilding. David Kim, most recently executive vice president for Hanwha Defense USA, has been appointed CEO of the acquired ...
The House on Thursday night turned down a stopgap spending measure backed by President-elect Donald Trump in a 174-235 vote, The Wall Street Journal reported. The revised legislation proposed funding the government through March 14, suspending the debt ceiling until January 2027 and providing more than $100 billion in funds for disaster relief and f...
LiDAR, or light detection and ranging, has emerged as a pivotal technology in various industries, offering unparalleled precision in mapping and imaging. However, its strategic use in military applications and critical infrastructure has raised significant concerns regarding national security, particularly as adversarial nations like China adva...
The Joint Program Executive Office for Chemical, Biological, Radiological and Nuclear Defense, or JPEO CBRND, through the General Services Administration, has started soliciting industry comments on its draft request for proposal regarding the procurement of commercially available CBRN items and equipment. JPEO CBRND Contract Scope According to...
Gladstone Investment and Proteus Enterprises have signed a definitive agreement to acquire Michigan-based engineering services and systems integration provider Ricardo Defense. The transaction is expected to close by the end of 2024, Gladstone Investment said Thursday. The companies did not disclose additional details about the sale, but Glads...
The Professional Services Council has elected DLH President and CEO Zachary Parker, Amentum CEO John Heller and CGI Federal President Stephanie Mango as its board officers for 2025. PSC said Thursday Parker and Heller will continue to serve as the council’s board chair and vice chair, respectively, while Mango will continue as secretary. In ...
2024 has seen a number of significant mergers and acquisitions in the government contracting sector. With organizations seeking to expand their portfolios, increase competitive advantage and break into new markets, M&A activity has transformed the industry. From aerospace and defense to cybersecurity and technology innovation, these deals are re...
Northrop Grumman has won a U.S. Navy contract worth approximately $3.5 billion to provide mission-systems integration support for E-130J, the service branch’s new nuclear command, control and communications aircraft. The Navy said Wednesday E-130J will replace the E-6B Mercury aircraft in performing the take charge and move out, or TACAMO, mission...
Heather Gerczak, chief administrative officer at Integral Federal, has been named chair of Executive Mosaic’s 4×24 Contracts Group. The 4×24 Executive Leadership Program unites senior industry executives and top government officials through a series of dinners designed to increase collaboration between public and private sector...
Firefly Aerospace will launch six scientific experiments and technology demonstrations on the lunar surface for NASA. The Cedar Park, Texas-based company secured a $179 million contract under the Commercial Lunar Payload Services initiative, which tasks American companies to conduct space missions in support of the Artemis campaign, NASA said Wednes...
