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Rheinmetall AG has completed its acquisition of American vehicle manufacturer Loc Performance Products for $950 million. The Dusseldorf, Germany-headquartered defense contractor said Monday the transaction would expand its presence in the United States, the world’s largest defense market, and strengthen its capability to deliver high-volume milita...
Lou Von Thaer, president and CEO of Battelle, received his 2024 Wash100 Award from Executive Mosaic CEO Jim Garrettson. The Wash100 Award annually recognizes executives with significant impact throughout the government contracting sector. Through the award, 100 influential government and industry leaders are acknowledged for spearhea...
Precision Talent Solutions has launched a new service designed to help customers find and hire business development professionals in the government contracting industry. PTS said Monday its BD Expert Search service uses the company’s recruitment technology and personalized assessments to help connect clients to candidates and speed up the recr...
Cybersecurity company SIXGEN has acquired software development firm Kyrus Tech to expand its capability to deliver advanced platforms and services designed to meet the complex needs of national security customers across multiple aspects of the digital domain. SIXGEN said Monday it will add to its talent pool approximately 80 engineers and subject ma...
With a new presidential administration on the horizon, government healthcare initiatives could be taken in any number of directions. However, through periods of change, trust that the industrial base serving the government’s needs is the common denominator you can count on. As the healthcare sector evolves, contractors play a central role in drivi...
Kenneth Traub, a 30-year industry veteran, has been unanimously elected executive chairman of the board of directors of Comtech Telecommunications. The global technology company said Traub, who also serves as senior executive of Comtech, will bring extensive experience in driving strategic, financial, operational and governance improvement...
The Department of the Navy has started soliciting industry comments on its draft request for proposal for the procurement of Advanced Aircraft Research, Development, Test and Evaluation, or AARTD and E, support services. AARTD and E Contract Scope According to the notice posted on SAM.gov Tuesday, the draft RFP details support services for perf...
Executive Mosaic’s GovCon Index ended positive after the Thanksgiving break, rising 0.5% to $5,203.60. While it was a modest 0.18% week-on-week loss from Nov. 25-29, it was the third-straight monthly loss for the index tracking the stock performances of 30 major government contractors. Its last winning month was August. Wall Street added month-end...
IBM has won a 15-year contract from the General Services Administration to provide technology-managed service for the next-generation platform of E-Gov Travel Service. GSA said Wednesday it expects the new travel and expense management platform, called ETSNext, to provide government travelers better access to a mobile interface, charge card integrat...
Federal consulting firm Markon has acquired JY Systems for an undisclosed sum as part of efforts to expand its software, systems and cyber engineering capabilities in support of government cybersecurity and signals intelligence missions. Markon said Friday it will operate the Maryland-based IT and cybersecurity services provider as an independent su...
