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...
The Potomac Officers Club, the government contracting industry’s premier events and media organization, has packed March 2024 with a wide range of exciting events featuring subject matter experts on relevant GovCon topics. With two summits, a forum and a fireside chat, this month is full of opportunities for you to hear from influential figures i...
We’re now over a month into the popular vote contest for the 2024 Wash100 Award and we’ve arrived at the most exciting week yet for new developments. After weeks of domination by public sector officials, the government has receded into the background as private industry is surging ahead. Three new names also catapulted into the top...
Intel (Nasdaq: INTC) has launched Altera as a standalone company focused on pursuing growth in the field programmable gate array market and delivering artificial intelligence capabilities designed to help clients facing complex technological challenges. “As customers deal with increasingly complex technological challenges and work to differentiate...
DCS has promoted Jim Belcher from operations and systems engineering department manager to vice president of ground vehicle systems. The employee-owned company said Thursday that he will be the program manager for the $2.1 billion Technical Engineering Services contract it landed with the Ground Vehicle Systems Center of the U.S. Army Combat Capab...
