Satellogic, an Argentina-based satellite imagery provider to the government and commercial markets, has agreed to merge with New York-based CF Acquisition Corp. V (Nasdaq: CFV) in a transaction with an enterprise value of $850 million. The Argentine satellite operator, also known as Nettar Group, intends to trade on the Nasdaq under the ticker symbo...
“Technology innovation is the battlefield of today.” Amid the pandemic, the Department of Air Force indicated in its fiscal 2019/2020 Acquisition Biennial Report how it developed innovative strategies to carry on with its missions and integrate digital engineering into its operations. From executing the pioneer end-to-end demonstration of the Ad...
Executive Mosaic CEO Jim Garrettson presented the fifth overall Wash100 Award, the most prestigious and sought-after award in all of government contracting (GovCon), to Stu Shea, chairman, president and CEO of Peraton, during a recent visit to the company’s office. For his 2021 Wash100 Award, Shea was recognized for his leadership in Peraton...
As the role of information technology (IT) grows throughout the federal government, the U.S. Air Force wants to streamline and optimize its acquisition process through digital transformation. The service branch is currently working to incorporate digital engineering, agile software development and open system architectures to achieve its acquisition...
CAE (NYSE: CAE) has closed its $1.05 billion acquisition of the military training business from L3Harris Technologies (NYSE: LHX) while Renk AG completed its $400 million cash purchase of L3Harris’ combat propulsion systems unit and related assets. The two deals were first announced in March and completed Friday, three days after Christopher K...
Kyndryl, an independent managed infrastructure services provider spinning out of IBM (NYSE: IBM), has announced the members of its senior leadership team, operating model and global structure as it works to deliver mission-critical technical capabilities and support customers’ digital transformation efforts. Rick Ruiz, a veteran sales and technolo...
Raytheon Technologies (NYSE: RTX) will begin manufacturing Next Generation Jammer Mid-Band pods for the U.S. Navy’s electronic warfare aircraft fleet after the company received a $172 million low rate initial production contract. Naval Air Systems Command has ordered three NGJ-MB ship sets along with associated equipment, technical data and go...
The State Department has approved a $445 million foreign military sale of heavy tactical vehicles, manufactured by Oshkosh‘s (NYSE: OSK) defense segment, to the Kuwaiti government. The order is for 517 Heavy Expanded Mobility Tactical Trucks and Heavy Equipment Transporters to support cargo transport, vehicle recovery and resupply operations b...
Stephen Ambrose, a 40-year veteran in science and technology, will oversee the climate initiatives of Science Applications International Corp. (NYSE: SAIC) as chief climate scientist, a newly created role. He will lead the projects of SAIC focused on data science, artificial intelligence and machine learning aimed at helping government clients addre...
The U.S. Air Force is enacting major digital transformation initiatives in an attempt to streamline and optimize its acquisition process. Such as incorporating digital engineering, agile software development and open system architectures that will provide better access to emerging technology, reduce acquisition timelines. During Potomac Officers Clu...
