Allocore has completed its purchase of RiverNorth, expanding its reach across federal agencies and strengthening its position as a provider of loan, grant and fraud protection technologies for federal, state and local governments. Supporting Government Partners Through Fraud Protection Tech Enlightenment Capital-backed Allocore said Monday...
Serco Group’s U.S. arm has promoted Kim Joiner, most recently senior adviser to the chief technology officer, to the position of vice president of government relations. “Kim’s wealth of experience will be an incredible benefit to Serco. Her efforts to enhance our presence on Capitol Hill and within various Departments and Age...
The Department of State has approved the proposed foreign military sale of AIM-9X Block II Tactical Missiles and related equipment to Norway for $370.9 million. RTX will serve as the principal contractor for the transaction, the Defense Security Cooperation Agency said Friday. Weapon Sale to Norway According to the DCSA, the Norwegian gov...
Paul Hovsepian shared on LinkedIn Saturday that he has been named vice president of contracts and supply chain at QinetiQ. In his new VP role, Hovsepian will leverage his three decades of experience in contracts and procurement in various sectors, including commercial, government, international and domestic markets. He will spearhead...
CHAOS Industries raised $275 million during its recent Series C funding round. John Tenet, founder and co-CEO of CHAOS Industries, said Friday that the latest funding round reflects the company’s commitment to invest and deliver advanced defense technologies to strengthen national security. “CHAOS Industries is delivering transform...
Executive Mosaic CEO Jim Garrettson personally presented the 2025 Wash100 Award to Steve Escaravage, president of the defense technology group at Booz Allen Hamilton. The Wash100 Award is an annual celebration of the most significant and impactful executives transforming the government contracting sector, honoring these esteemed individuals since 20...
David Broadbent spent over two decades at Raytheon, working across various divisions and sharpening his expertise in defense, space, intelligence and commercial cyber in a slew of leadership positions. Toward the end of his run at that company, Broadbent developed a strong interest in the space environment, and was appointed president of space syst...
KBR has promoted Mark Kavanaugh, most recently a senior vice president, to president of defense, intelligence and space. Kavanaugh announced his new position in a LinkedIn post published Thursday. In this capacity, he will oversee KBR’s science and space, national security solutions, and defense and technology solutions, or DTS, portfolios und...
HII reported revenue decline of 2.5 percent to $2.7 billion in the first quarter of 2025 compared to $2.8 billion during the same period in 2024. The company said Thursday that the slightly lower Q1 revenue is caused by decreased demand across Newport News Shipbuilding, Ingalls Shipbuilding and Mission Technologies. Per Segment Revenue HII’s I...
The cybersecurity landscape is evolving at an unprecedented pace as technology continues to advance and cyber threats grow more sophisticated. GovCons are challenged to stay ahead by modern cybercriminals leveraging AI, ransomware and advanced phishing tactics. But these challenges present GovCons with business opportunities, according to one of the...
