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Private equity firm Arcline Investment Management has completed its purchase of aerospace and defense contractor Kaman for approximately $1.8 billion, or $46 per share in cash. With the completion of the acquisition, Bloomfield, Connecticut-based Kaman has stopped trading its common stock on the New York Stock Exchange, according to a joint release ...
HII (NYSE: HII) has received a $120.3 million contract modification from the U.S. Navy to create a special incentive program to improve the quality of life for sailors stationed at the company’s facility in Newport News, Virginia. The modification was made under a previously awarded contract for the design and construction of the future USS...
Large language models are artificial intelligence tools that are trained on mass amounts of data and can understand and respond to user prompts. Current LLMs are known for their ability to generate text, but these models are now evolving to be able to create images and video. The ability of LLMs to break down huge...
The Integrated Tactical Network, better known as the ITN radio, is a “critical component” of the U.S. Army’s Unified Network Plan. It provides voice and data communication capabilities to tactical units in challenging environments to form a converged and reliable tactical network. Given that the U.S. Army’s current and future combat ...
Iridium Communications (Nasdaq: IRDM) presented its Q1 2024 financial results, in which total revenue reacched $203.9 million, although slightly lower by 0.7 percent from a year ago. Notably, the voice and data satellite communications provider’s net income increased 101.1 percent year-over-year to $19.65 million, while the subscriber base g...
The National Oceanic and Atmospheric Administration has awarded 18 companies positions on a 10-year, follow-on contract for professional, technical and scientific services in the oceans domain. NOAA competed the ProTech 2.0 Oceans Domain contract as a total small business set-aside program with 19 offers received during the first phase and 19 propos...
Artificial intelligence has unlocked a myriad of threats and opportunities in the last two years with the acceleration of technological innovation in the AI space. Today, generative AI tools and large language models are still nascent and risky — but government leaders are seeing promise for the technology’s future. Defense Intelligence Agency C...
The Wash100 Award popular vote contest — a friendly yet fiery match-up between the government contracting industry’s most exceptional talents — has been going on for nearly three months now, but this week may have been its most exciting yet. The number one seed, Booz Allen Hamilton’s Judi Dotson, is hanging on to her spot, but there...
Godspeed Capital Management has partnered with Special Aerospace Services to establish a new platform focused on delivering space engineering, missile defense, hypersonics and communications technologies to U.S. defense and intelligence community agencies and commercial space clients. Heather Bulk, co-founder and CEO of SAS, will lead the new platfo...
The U.S. Army has started soliciting information from stakeholders to help inform its acquisition approach for the planned Army Contracting Command Enterprise for Sourcing Services procurement program, also known as ACCESS. ACCESS will be the successor to the multiple-award Responsive Strategic Sourcing for Services indefinite-delivery/indefinite-qu...
