Greg Agnew, a partner at Acorn Growth Companies and a two-decade financial services industry veteran, has been appointed to lead the private equity firm’s mergers and acquisitions group. He will also succeed the retiring Robert Hinaman as head of Acorn’s Washington, D.C. office, the company said June 30. Agnew will oversee intermediary r...
Seven small businesses have won spots on a potential seven-year, $349 million contract to help the U.S. Army Corps of Engineers build oil and gas pipelines and other related structures. USACE received 19 bids for the firm-fixed-price contract via an online-based solicitation process and the agency will determine funds and work locations upon issuanc...
A Comcast (Nasdaq: CMCSA) business unit has won a potential $75.8 million Commercial Ethernet Gateway Region 6 contract to help Department of Defense mission partners connect to DOD’s global military information network. Comcast’s government services group will replace legacy multiplexing-based circuits with new ethernet connections in t...
John Sherman, acting chief information officer at the Department of Defense, said the recently announced replacement to the Joint Enterprise Defense Infrastructure cloud contracting program is planned to leverage direct awards to multiple vendors of enterprise cloud services, DOD News reported Wednesday. The initial awards under the Joint Warfightin...
Stu Shea, chairman, president and CEO of Peraton, was presented his 2021 Wash100 Award, the most esteemed and respected award in all of government contracting (GovCon), by Executive Mosaic CEO Jim Garrettson last week during a recent visit to the company’s office. This marks the fourth consecutive year and fifth overall that Stu Shea has...
Defense companies will likely continue to pursue mergers and acquisitions as geopolitical issues evolve, even though defense spending remains essential flat for the rest of 2021, according to PwC’s midyear outlook report. The professional services firm reports the aerospace and defense industry saw record values and volumes of M&A activity...
Planet Labs, an Earth imagery provider to the government and business sectors, has agreed to join forces with special acquisition purpose company dMY Technology Group (NYSE: DMYQ) in a merger deal that would take the satellite operator public and give it a post-transaction equity value of $2.8 billion. San Franciso-based Planet said Wednesday it mai...
Huntington Ingalls Industries (NYSE: HII) has agreed to buy Alion Science and Technology from Veritas Capital for approximately $1.65 billion in cash as part of a push to expand its technical capabilities and portfolio of national security platforms. HII said Tuesday it expects the transaction to conclude in the second half of 2021 and help...
The Department of Defense decided to end the prolonged court battle over the Joint Enterprise Defense Infrastructure program by dropping the JEDI cloud contract and announced plans to launch a new procurement effort to meet its cloud computing requirements. DOD said Tuesday the decision was due to a more mature cloud conversancy, industry advancemen...
Karl Borden, former director of legacy and emerging programs at System High, has been appointed as the Chantilly, Virginia-based company’s vice president of science and technology protection. The 25-year security professional will manage employee and customer relations in his new position and lead S&T innovation efforts aimed at supporting...
