Francisco Partners is reportedly selling a majority stake in Forcepoint’s government-focused cybersecurity unit to fellow private equity firm TPG (Nasdaq: TPG) for approximately $2.45 billion, The Wall Street Journal reported Sunday. The price of the deal between the two technology investment companies is more than double the amount Francisco ...
McLean, Virginia-based Xcelerate Solutions has expanded its leadership team with the appointment of Tim Conway as a member of the board, Anne-Marie Evans as chief financial officer and Michael Heller as vice president of human resources. Conway, a two-time Wash100 awardee, will bring to Xcelerate’s board his federal contracting industry experience...
David “Heat” Lyons, a retired U.S. Air Force colonel, has joined Scientific Systems Co. Inc. as vice president of business development. He will bring to the role over three decades of aerospace and defense industry experience as he oversees SSCI’s client base and new markets, the company said Thursday. Lyons, a global strike subjec...
Guided by Secretary Frank Kendall’s Seven Operational Imperatives – space order of battle, operationally focused advanced battle management systems, moving target engagement, tactical air dominance, resilient basing, global strike and readiness to deploy and fight – the U.S. Department of the Air Force is preparing to launch a number...
Boeing (NYSE: BA) will build 18 CH-47F Block I Chinook heavy-lift helicopters for South Korea and one additional unit for Spain under a potential $793 million deal made through a foreign military sales agreement with the U.S. Department of Defense. Block I helicopters are expected to be delivered in 2027 under the deal, which marks...
David Huisenga, former chief strategy officer at Sigma Defense Systems, has been appointed executive vice president and general manager of North American operations at Domo Tactical Communications. Huisenga has more than two decades of experience in communications system integration efforts for defense customers, DTC said Wednesday. At Sigma Defense...
The U.S. government is expected to receive an approximately $3 billion purchase request from Israel for 25 F-35 aircraft manufactured by Lockheed Martin (NYSE: LMT). Yoav Gallant, the Israeli defense minister, approved a proposal to expand the air force fleet to 75 stealth fighter jets by acquiring a third squadron of the “Adir” F-35 air...
VSE (Nasdaq: VSEC) has purchased global aftermarket components distributor Desser Aerospace for $124 million in cash as part of efforts to diversify its aviation segment. The Alexandria, Virginia-based defense contractor said Monday it also concluded the $30 million sale of Desser Aerospace’s Seginus Aerospace, AOG Aviation Spares and DAC Engi...
Laurence Grayer, a former DynCorp International general counsel, has been named executive vice president, general counsel and chief compliance officer at Sig Sauer. He brings more than two decades of experience in corporate compliance and governance and will help inform Sig Sauer’s business objectives, the Newington, New Hampshire-headquartere...
Kevin Toner, former managing director of treasury, economics and commerce at Mitre, has been elevated to the role of vice president of the organization’s Center for Government Effectiveness and Modernization. He will lead the team that supports work programs and emerging technologies under the federally funded Center for Enterprise Modernizati...
