The federal government allocates substantial financial services amounting to millions and even billions of dollars to procure a diverse range of services encompassing defense, weaponry, healthcare, cybersecurity, space missions, and more. Federal agencies enter into contracts with private companies that offer these specialized services to accomplish...
Honeywell (Nasdaq: HON) has agreed to purchase the heads-up-display product line from Swedish defense technology manufacturer Saab in an effort to advance its avionics and safety portfolio of offerings. Saab’s HUD assets will be integrated into Honeywell Anthem, the aerospace business’ first cloud-native cockpit system customizable for a...
Sintavia, a maker and supplier of thermodynamic components for defense and aerospace applications, has secured a strategic investment from Lockheed Martin (NYSE: LMT). Florida-based Sintavia said Wednesday it will use the equity investment to further advance the development and testing of its thermodynamic designs and components used in multicircuit...
Jim Kenney, senior director of finance at HightPoint Digital since January, has been promoted to the chief financial officer position at the Herndon, Virginia-headquartered information technology company. He will report directly to HighPoint President Jay Jones and manage the overall financial and accounting operations and strategy for the company&#...
Eleven companies will continue providing the U.S. Transportation Command with logistics services under a Multimodal Transportation Program contract modification. The award has a combined option value of $178.5 million and a 24-month additional period that could bring the potential contract value to $457.2 million if exercised, the Defense Department...
Shea Ferring was elevated to the role of chief technology officer at Firefly Aerospace, where he recently served as senior vice president of engineering responsible for leading its four key launch vehicle product activities. In a LinkedIn post Wednesday, the AE Industrial Partners portfolio company highlighted Ferring’s contribution to the Fir...
A division of General Dynamics’ (NYSE: GD) information technology business has received two contracts worth approximately $580 million for software development and cybersecurity services. The multiyear contracts awarded to GDIT’s intelligence and homeland security division in April expand the company’s portfolio in cybersecurity, cloud...
The United States’ semiconductor chip manufacturing output has been steadily slipping over the last few decades, jeopardizing the country’s power in an increasingly critical industry on the global stage. But one key piece of legislation, the CHIPS and Science Act of 2022, aims to rewrite this narrative and place the U.S. back on top. The CH...
SES’ space and defense subsidiary will provide global X-band satcom services to the Department of Defense under a five-year, $134 million blanket purchase agreement. The U.S. Space Force formally awarded the contract to DRS Global Enterprise Solutions, which SES Space & Defense acquired in 2022, the satellite communications company said We...
John Newman, former senior account executive of federal financials at Amazon Web Services, has joined Parasoft as senior vice president of the software testing automation company’s aerospace and government solutions division. He will oversee efforts to build strategic partnerships to help customers adopt artificial intelligence-based tools for...
