Private equity firm TELEO Capital Management acquired Flatirons Solutions, a technical content management platforms provider for defense and aerospace industries, from Presse Participations. Investment bank KippsDeSanto & Co. advised Flatirons on the transaction and said Monday the deal highlights trends in the aerospace and enterprise technolog...
Two new Deltek reports say that information technology modernization, data proliferation and the current national security threat landscape are among the factors that will drive IT investments within defense and intelligence community agencies. The company said it expects the DOD contractor addressable IT market to grow at a compound annual rate of ...
As the U.S. Space Force enters its third year of operation, its leaders are prioritizing acquisition reform among the key transformational shifts the organization is expected to undergo in its pursuit of innovative technologies, advanced capabilities and more interoperable systems. Gen. Nina Armagno, director of staff for the Space Force, cited ...
Boom has received a $60 million Strategic Funding Increase contract from the U.S. Air Force to continue research and development of a supersonic aircraft platform. The additional funds will support work on the Overture airliner envisioned to carry 65 to 88 passengers, travel at twice the speed of current commercial planes and use sustainable aviatio...
Melissa Hathaway, a thought leader in the fields of digital risk management and cybersecurity, has been added to the list of featured speakers for an upcoming virtual event, hosted by Executive Mosaic’s Potomac Officers Club, that will explore the national security aspect of cryptocurrency. She will serve on a panel during POC’s “Digit...
The Professional Services Council has appointed Serco Inc. CEO Dave Dacquino and Dawne Hickton, executive vice president and chief operating officer at Jacobs’ (NYSE: J) critical mission solutions business, to the executive committee of the trade association. Dacquino and Hickton, both 2021 Wash100 Award recipients, were among the five newly elect...
Justin Taylor Justin Taylor, Greg Forrest and Mike Harasimowicz of Lockheed Martin (NYSE: LMT) said accelerating the ethical application of artificial intelligence is key to achieving the potential of AI in addressing national security challenges and helping the government carry out its missions. The Bethesda, Maryland-based aerospace and defense co...
President Joe Biden has nominated Navy Vice Adm. Frank Whitworth, director of intelligence, J-2, Joint Staff, to serve as head of the National Geospatial-Intelligence Agency. Whitworth would retain the rank of vice admiral if confirmed for the NGA director position, the Department of Defense said Monday. He previously served as commander of the Join...
Ryan McCarthy, former secretary of the U.S. Army and 2020 Wash100 inductee, has joined the board of directors at command and control technology provider Tomahawk Robotics. The Army veteran brings defense acquisition and technology experience as Tomahawk Robotics aims to help military customers deploy its C2 software to unmanned systems, the company ...
U.S. Special Operations Command is looking to award L3Harris Technologies (NYSE: LHX) a $297.2 million contract modification to fully execute a capital equipment replacement program for legacy manpack radio systems. SOCOM awarded the original six-year, $255 million indefinite-delivery/indefinite-quantity contract for AN/PRC 167 radios to Harris Corp...
