The U.S. government estimates that a foreign military sale of 31 MQ-9B unmanned aerial vehicles and associated equipment to India would cost $3.07 billion. The Indian defense ministry on Sunday disclosed the estimated cost, saying the agency plans to compare the amount with the “best price” manufacturer General Atomics offered to other foreign b...
Lockheed Martin‘s (NYSE: LMT) venture capital arm has been expanding its investment scope in the past few years to help small businesses keep up with the volatility of the government contracting industry, Washington Business Journal reported Friday. Chris Moran, vice president and general manager of Lockheed Martin Ventures, told the Washingto...
A new Deltek analysis shows that agencies under the Department of Defense spent $239 million on other transaction agreements for cybersecurity-related activities between fiscal year 2020 and fiscal 2022. After a spending growth of nearly 21 percent from FY 2020 to FY 2021, DOD components’ spending on cybersecurity efforts using OTAs rose by 59...
Keri Panatier, a former McKinsey & Company senior manager with more than 20 years of industry experience, has joined Empower AI as vice president of proposals and growth operations, Forum reported Thursday. She will lead a team working on the Reston, Virginia-based company’s proposals, growth operations, partnerships and market i...
Forty-six companies have won spots on a follow-on $1 billion U.S. Air Force contract vehicle to develop testing and evaluation platforms for weapons systems. Contractors will compete for delivery orders to provide highly specialized technologies that could support the branch’s developmental and operational test requirements under the Test &...
Former U.S. Representative Will Hurd, a cybersecurity specialist with strong ties to the government contracting field and a two-time Wash100 Award winner, announced his presidential campaign Thursday on “CBS Mornings.” Hurd represented Texas’ 23rd congressional district from 2015 to 2021. During his time in office, he introd...
Kevin Phillips, chairman of ManTech, has joined the strategic advisory group of Washington, D.C.-based investment firm Paladin Capital Group. He will be part of the group that includes government veterans who provide advice to Paladin’s investment team on cybersecurity market trends, the company said Thursday. “After decades helping operatio...
In an age of rapidly intensifying global competition, the U.S. Department of the Navy (DON) is investing heavily in numerous initiatives guided by Navy Secretary Carlos Del Toro’s three enduring priorities: strengthening maritime dominance, empowering the DON’s people and strengthening partnerships. Since the release of these priorities in ...
The General Services Administration is set to exercise the five-year option term for the Alliant 2 governmentwide acquisition contract to provide federal buyers continued access to information technology platforms and services from industry. Agencies will continue to gain access to cybersecurity capabilities and other services from a pool of vetted ...
Broadtree Partners has purchased Joint Research and Development, a professional services provider headquartered in Stafford, Virginia, in a move to grow the private equity firm’s government contracting portfolio. Financial terms of the transaction were not disclosed and Broadtree said Thursday JRAD will join Sayres Defense, which the middle-ma...
