Stellant Systems, a portfolio company of Arlington Capital Partners, has completed its acquisition of Comtech Telecommunications‘ (Nasdaq: CMTL) power systems technology product line. Comtech’s net cash proceeds from the transaction amount to approximately $32.5 million, which were partly used to pay down outstanding debt on its existing...
The 2023 Homeland Security Summit | Potomac Officers Club is happening on Nov. 15, 2023. Catch your favorite speakers discussing about national security and how they plan to twart foreign threats by clicking here. The MQ-9 Reaper drones have revolutionized surveillance and targeting capabilities in the 21st century. With advanced technology a...
Artificial intelligence company BigBear.ai (NYSE: BBAI) has agreed to acquire vision AI technology provider Pangiam Intermediate Holdings in an all-stock transaction valued at approximately $70 million. Columbia, Maryland-based BigBear.ai said Monday it expects the deal to close in the first quarter of calendar year 2024 and expand its portfolio of ...
James Parys, formerly a senior vice president at Parsons (NYSE: PSN), has been appointed VP of strategic capture command and control and intelligence at Ultra Intelligence & Communications, according to a recently published LinkedIn post. The former U.S. Navy operations specialist most recently served as SVP of mission solutions growth and VP of...
Oshkosh‘s (NYSE: OSK) defense business will produce and deliver Joint Light Tactical Vehicles to the U.S. Air Force, Army and Marine Corps under a potential two-year, $208.9 million contract modification. Work will occur in Oshkosh, Wisconsin, and is expected to conclude by Sept. 25, 2025, the Department of Defense said Friday. Army Corps of Engin...
Peraton has won a potential eight-year, $2.8 billion task order to provide enterprise operations and maintenance services for U.S. Special Operations Command, G2Xchange reported Friday. USSOCOM received three offers for the third iteration of the Special Operations Forces Information Technology Enterprise Contract EOM task order through a full and o...
KBR (NYSE: KBR) delivered a strong and well-rounded performance in Q3 2023, and its president and CEO, Stuart Bradie, described the nine percent all organic at the revenue line as a terrific performance. In the three months that ended Sept. 29, 2023, revenue increased to $1.77 billion from $1.62 billion in Q3 2022. The provider...
Iron Mountain (NYSE: IRM) has agreed to acquire information technology asset disposition services provider Regency Technologies for approximately $200 million as part of efforts to expand its IT asset remarketing and recycling capabilities. “This strategic transaction represents a significant milestone in our efforts to strengthen Iron Mountain’...
Leidos (NYSE: LDOS) has announced key leadership changes and realigned its operating groups into five sectors, effective Jan. 1, as part of efforts to execute its long-term strategy and drive innovation. Gerry Fasano, president of Leidos’ defense group and a four-time Wash100 awardee, will transition to the role of chief growth officer with oversi...
After 10 years of operation, the Defense Health Agency has reorganized its internal structure with the aim of better serving the internationally stationed joint forces of the U.S. On Oct. 1, DHA ushered in the first phase of its restructure with the introduction of nine Defense Health Networks, or DHNs, replacing its previous 20 direct reportin...
