The U.S. Air Force plans to increase the ceiling amount of a potential eight-year, $2.6 billion contract for global engineering and construction support services by approximately $1.8 billion. Raising the ceiling value of the Worldwide Engineering and Construction indefinite-delivery/indefinite-quantity contract to $4.4 billion will cover the remain...
Bill Cull, a 25-year public sector sales leader, has been named vice president of federal at Austin, Texas-based cybercrime analytics company SpyCloud. In this capacity, he will oversee SpyCloud’s growth strategy, build up the company’s government client base and channel program with system integrators, value-added resellers and distributors and...
IBM (NYSE: IBM) has launched a $500 million venture fund intended for artificial intelligence-focused early-stage and hyper-growth startups. The company said Tuesday IBM Enterprise AI Venture Fund will support the advancement of generative AI technology and research while expanding the company’s AI partnership ecosystem. The investment is...
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...
