Avion Solutions has acquired Synectic Research & Analysis, a technology-based company that offers test planning and analysis services for space and missile defense programs. The financial terms of the transaction were not disclosed. Avion Solutions said Friday SRA’s capabilities align with its existing portfolio of offerings, enabling seam...
Capitol Meridian Partners has raised $900 million from around 30 investors for its inaugural fund or Capitol Meridian Fund I. The committed institutional investors included endowments, foundations, pension funds, insurance companies, family offices and so-called “fund-of-funds.” CMP, a Washington, D.C.-based investment firm, said Monday the sour...
Google Public Sector CEO Karen Dahut has been named to Executive Mosaic’s prestigious 2024 Wash100 list for accelerating cyber and technology innovation and for spearheading growth through partnerships with other government contractors. This marks Dahut’s fourth year of Wash100 recognition. Participate in GovCon’s most exciting race — the ...
Lockheed Martin (NYSE: LMT) has disclosed a nonbinding proposal to acquire spacecraft manufacturer Terran Orbital (NYSE: LLAP) for more than $500 million, SpaceNews reported Friday. The defense contractor offered to pay $1 in cash for each share of Terran Orbital’s outstanding common stock, buy the company’s outstanding warrants for over...
Executive Mosaic’s GovCon Index slipped 0.15% to $4,844.11 to begin March but still managed to eke out a slim 0.1% week-on-week gain. The index that tracks the performance of 30 major publicly traded companies in the government contracting industry never had a losing week since January 26. Wall Street achieved several milestones before the weekend...
BigBear.ai (NYSE: BBAI) completed its purchase of fellow artificial intelligence company Pangiam Intermediate Holdings for an estimated $70 million in stock. Pangiam CEO Kevin McAleenan and two-time Wash100 inductee will become president of the combined company, which will leverage BigBear.ai’s capabilities in predictive analytics and computer...
Boeing (NYSE: BA) has secured a five-year, $680.1 million indefinite-delivery/indefinite-quantity contract from the U.S. Navy to provide software and hardware enhancement services for the F/A-18E/F Super Hornet and EA-18G Growler aircraft of the service branch and the Royal Australian Air Force. Under the contract, the Department of Defense said Th...
Alexandria, Virginia-based aftermarket services provider VSE (Nasdaq: VSEC) has agreed to acquire Turbine Controls Inc. for approximately $120 million as part of efforts to expand its original equipment manufacturer authorized repair capabilities and presence in the aviation maintenance, repair and overhaul services market. TCI’s “divers...
AAR Corp. (NYSE: AIR) has finalized its acquisition of Triumph Group’s (NYSE: TGI) product support business, which provides maintenance, repair and overhaul services for critical aircraft components in the defense and commercial markets. “The completion of this acquisition scales AAR’s repair capabilities, expands our footprint in ...
Executive Mosaic is pleased to announce that Lou Von Thaer, president and CEO of global research and development organization Battelle, has been named a Wash100 awardee for 2024. The Wash100 award is an accolade conferred annually to the 100 most influential and impactful leaders within the GovCon industry. Vote for Lou Von Thaer as one...
