Executive Mosaic’s GovCon Index ended higher Friday at $5,212.93 (+0.37%) as it continues to rebound from its worst weekly performance. The index, which tracks the stock performances of 30 major government contractors, advanced 1.05% for the week following positive returns since Wednesday. Wall Street’s post-election rally is over, although the ...
The Department of Defense has started seeking industry feedback on a draft request for proposal to develop a sustainable Advancing Artificial Intelligence Multiple Award Contract, or AAMAC. According to the special notice posted on SAM.gov Wednesday the multiple-award indefinite-delivery/indefinite-quantity contract aims to enhance the developm...
Unanet has bought GovPro AI for an undisclosed sum to add the latter’s artificial intelligence platform to its product portfolio to help government contracting companies and architecture, engineering and construction firms automate proposal writing. Using AI to Help GovCon Firms Automate Proposal Writing Unanet said Friday GovPro AI’s technology...
On the heels of the 2024 presidential election, the GovCon market is bracing for major change and transformation. Looking ahead to 2025, much is still in the air for the public sector, but there are still clear emerging themes and momentum in the market. Baird Managing Director Jean Stack, a Wash100 Award winner, dove into these market...
Leidos subsidiary Dynetics, a company specializing in hypersonics, has received a $670.5 million cost-plus-fixed-fee contract to supply the U.S. Army with the common-hypersonic glide body and thermal protection system. Dynetics Contract Scope Dynetics will perform work at its headquarters in Huntsville, Alabama. The project is expected to ...
Intellectual property plays a larger role in the government contracting market than you might think. IP has the power to raise your company’s valuation, unlock better M&A opportunities and even shape the global competition. GovCon Wire sat down with Keegan Caldwell, founder and global managing partner at Caldwell, to talk about the role I...
The U.S. Air Force has awarded five companies positions on a potential 10-year, $751 million contract for depot maintenance support services. The Department of Defense said Wednesday the Air Force Sustainment Center launched a competitive acquisition process for the Depot Onsite Contract Augmentee Teams Fifth Generation program, also called DOCAT 5,...
Snowflake has agreed to acquire Datavolo, a provider of a single platform developed to automate and manage structured and unstructured data flows between enterprise data sources. The artificial intelligence data cloud company said Wednesday the move is aimed at deepening its service in the ‘bronze layer’ of the data lifecycle and enabling data e...
Lockheed Martin has appointed Robert Toth as vice president of air mobility and maritime missions and Brian Dunn as vice president and deputy for strategy and business development at the missiles and fire control business. The executives announced their appointments via separate LinkedIn posts. Toth joined Lockheed in 2016 after years-long service i...
Cadmus, a technology-empowered strategic consulting firm serving government, commercial, and non-governmental organizations worldwide, has won an Asia Futures Activity contract valued at $150 million to provide services supporting the initiatives of the U.S. Agency for International Development. The Arlington, Virginia-based contractor sai...
