Shield AI has secured $100 million in equity and obtained $200 million in debt from Hercules Capital leading to the expansion of its Series F funding round. The defense technology company and artificial intelligence pilot builder said Friday it has raised $500M in total since securing an initial $200M in the same funding round in...
The Defense Finance and Accounting Service made a modification to Ernst & Young’s potential $200 million work to provide audit services and financial statement preparation to the Department of the Air Force. Under the contract modification, the project, which is expected to be completed by the end of 2024, has a base performance period of...
Nathan Associates, an Arlington, Virginia-based international economic and analytics consulting firm, has secured a position on a potential five-year, $800 million contract to provide services for the U.S. Agency for International Development’s regional and bilateral programs in Latin America and the Caribbean. USAID announced Nathan as an awa...
Iron Bow Technologies has received a potential $1.39 billion contract from the Department of Veterans Affairs to provide integrated platforms and services in support of VA’s connected care technologies. VA announced the contract award in a SAM.gov notice published Tuesday. The Connected Care Integrated Network program is a single-award, indefi...
The Defense Security Cooperation Agency has notified Congress of a proposed $1 billion military training contract extension with the government of Saudi Arabia. The move was announced Friday following the State Department’s approval of the foreign military sale, which will require deploying 339 U.S. government or third-party personnel to Saudi...
The National Institutes of Health has awarded five companies positions on a potential $500 million contract vehicle to provide professional support services for the Advanced Research Projects Agency for Health. Amentum, Booz Allen Hamilton (NYSE: BAH), ECS Federal, Noblis and Strategic Analysis are the awardees on the Strategic Technical ARPA-H Tale...
Jeff Bezos-owned space company Blue Origin and private equity firm Cerberus have made bids for United Launch Alliance, a joint venture of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT), The Wall Street Journal reported Thursday. Some people familiar with the matter said ULA has also drawn interest from aerospace and defense contractor Textron (NY...
The U.S. Navy has awarded Bechtel Plant Machinery Inc. a pair of cost-plus-fixed-fee contracts worth $889 million in total for naval nuclear propulsion components. The first contract is worth $706 million while the second is valued at $183 million, with both having an expected completion date of September 2033, the Department of Defense said Thursda...
Pragyansmita Nayak, chief data scientist at Hitachi Vantara Federal, said federal agencies should learn how to navigate the repository of artificial intelligence use cases as they work on strategies to incorporate AI into their workflows and align such strategies with their specific requirements. In an opinion piece published Thursday in Federal Tim...
AAR Corp. (NYSE: AIR) will acquire Triumph Product Support from Triumph Group (NYSE: TGI) for $725 million in cash in an effort to scale its repair capabilities and expand its customer base and global footprint. Wood Dale, Illinois-based aerospace and defense aftermarket provider said Thursday Triumph Product Support services critical aircraft compo...
