An affiliate of private equity firm Lone Star Funds has completed its acquisition of ship repair services provider Titan Acquisition Holdings from global investment firm Carlyle (Nasdaq: CG) and Stellex Capital Management. The transaction was first announced in February. Titan is the parent company of three ship repair and marine fabrication service...
Modernization is currently a top priority for the U.S. Navy, and the service branch has already revamped its Navigation Plan to reflect the urgent need for cutting-edge capabilities. More recently, Navy Secretary Carlos Del Toro, a 2023 Wash100 Award winner, ordered the development of a 30-year infrastructure modernization plan, ...
Bill Edmunds, vice president of national intelligence at Science Applications International Corp. (NYSE: SAIC), has been elevated to a senior VP position. The industry veteran will lead a business unit that serves the national intelligence community and will report to Michael LaRouche, president of SAIC’s national security and space sector, th...
Peraton has won a potential 11-year, $1 billion contract to help the Department of the Interior manage the acquisition of secure cloud services for an initiative to transition into a single hybrid enterprise cloud cluster. DOI announced the award of the Cloud Hosting Solutions III indefinite-delivery/indefinite-delivery contract in a notice publishe...
SpaceX has secured a task order to launch small satellite payloads into orbit under NASA’s CubeSat Launch Initiative program. The two CSLI missions will launch onboard SpaceX’s Falcon 9 rocket no earlier than 2025 as part of the agency’s Venture-Class Acquisition of Dedicated and Rideshare initiative, NASA said Tuesday. Specific pa...
The peer and near-peer threat is top of mind for Pentagon officials and top decision makers. As global powers and major competitors continue to make technological advancements and jeopardize the United States’ dominance in key areas, defense leaders are honing in on a few elements that are proving to be critical for achieving and maintaining...
Parsons is going through a period of accelerated, unprecedented growth. After a first quarter that exceeded financial expectations, Parsons has raised its prediction for full-year 2023 revenue to $4.6 billion. Executive Mosaic spoke with Parsons Chairwoman, President and CEO Carey Smith, a five-time Wash100 Award winner, to lear...
Washington, D.C.-based private equity firm Arlington Capital Partners has purchased Pegasus Steel, a provider of fabricated steel structures used for building nuclear submarines, aircraft carriers and other vessels for the U.S. Navy. Tony Deering, founder and CEO of Pegasus Steel, and other members of the management team will continue to run the com...
Today, cybersecurity and infrastructure are intertwined – a single cyberattack can disrupt systems critical to Americans’ day-to-day activities. Incidents like the Colonial Pipeline attack, which resulted in a gasoline shortage that impacted millions, have shined a light on this relationship, and now, the U.S. government is more focused on cyber...
Lloyd Austin, secretary of the Department of Defense and a three-time Wash100 awardee, has cleared a memo ordering agencies to implement the six recommendations by a tiger team to accelerate and strengthen the foreign military sales process in support of the 2022 National Defense Strategy. The first three recommendations are improving DOD’s unders...
