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Shield AI, an artificial intelligence-focused aerospace and defense technology company, closed its Series E round after raising an additional $60 million in funding from the U.S. Innovative Technology Fund to support the development of its AI pilot for military and commercial aircraft. The new capital brings the total value of the company’s fi...
A Veritas Capital affiliate has bought Chromalloy parent company Sequa from Carlyle (Nasdaq: CG) in a move aimed at expanding the New York-based technology investor’s portfolio with aftermarket services for aviation, energy and defense customers. In a statement published Tuesday, Ramzi Musallam, CEO and managing partner of Veritas, highlighted...
Coming out of his undergraduate work in chemical engineering at the University of Tennessee, Kent Wilcher considered three industries: oil and gas, pharmaceuticals and defense. After some brief deliberation, his answer was fairly easy. He decided to serve the defense industry because of his belief in its mission—he wanted something highly technica...
Michael Buscher, a defense and intelligence industry veteran, has been appointed executive director of enterprise operations at counter-unmanned aerial systems developer Fortem Technologies. He will be based out of the company’s new office in Washington, D.C., and will coordinate Fortem’s business development strategies and engagem...
The U.S. Army has begun seeking bids for a potential $293.8 million follow-on contract to procure commercial-off-the-shelf technologies for the service branch’s enterprise installation access control system. The Automated Installation Entry Next procurement effort covers the deployment of the AIE system to additional Army installations outside...
Richard Syretz, former chief operating officer of Ideal Innovations Inc., has been promoted to president of the Arlington, Virginia-based company. He will oversee the professional services business and directly report to Bob Kocher, founder and CEO of I3, the company said Monday. Kocher said Syretz will help expand the company’s client base and dr...
The U.S. Air Force has started to seek industry feedback as the service plans to conduct another on-ramp process for a potential 10-year, $46 billion contract vehicle for weapons, digital and model-based systems engineering, Agile processes, open systems architecture and enterprise analytics. The Air Force Lifecycle Management Center’s armam...
HII (NYSE: HII) has named Leo Denault, former CEO and current executive chair of energy company Entergy Corp., to the military shipbuilder’s board of directors. The four-decade industry veteran is known for leading Entergy’s transformation efforts to become one of the country’s clean power generation fleet operators, HII said Frida...
The Army West Point’s Black Knights defeated the U.S. Naval Academy’s Midshipmen by a final score of 20-17 in the 123rd edition of the football rivalry game between the two military academies, The Washington Post reported. Saturday’s event at the Lincoln Financial Field stadium in Philadelphia marked the first Army-Navy matchup to reach ov...
After the government contracting industry experienced a surge in mergers and acquisitions a few years ago, the market has cooled in recent times. This is partly due to cautionary business behaviors in response to accelerated inflation. According to Howard Seeger, founder, managing partner and CEO of advisory firm Deep Water Point, in today’s lan...
