Artificial intelligence software developer C3.ai (NYSE: AI) netted $651M from an initial public offering Wednesday and its shares rose 120.2 percent by the end of first trading day, Investor’s Business Daily reported Thursday....
Baird hosted its 2020 Government & Defense Conference on Thursday, a full day virtual event featuring a wide variety of experts across government, academia and industry to present their insights regarding the latest M&A trends and market value drivers influencing the defense and federal market. Jean Stack also highlighted market themes, incl...
Raytheon Technologies (NYSE: RTX) has secured a potential seven-year, $99M contract to build special mission processors for the U.S. Special Operations Command's MC-130J Commando II and AC-130J Ghostrider aircraft platforms....
Investment firm CCP Capital Strategies has acquired technology company Executive Information Systems for an undisclosed sum. Washington, D.C.-based EIS has been supplying software and related platforms to public sector clients for more than two decades in support of their missions....
The U.S. Army plans to issue a final request for proposals for the Optionally Manned Fighting Vehicle program’s concept design phase later this month in an effort to find a Bradley Infantry Fighting Vehicle replacement, Defense News reported Wednesday. The report said Army officials briefed industry on the potential $4.6B OMFV procurement effort a...
A new Deloitte analysis forecasts global spending on defense programs to grow about 2.8 percent in 2021 as countries continue to build up their military capabilities in response to increasing geopolitical tensions amid the COVID-19 pandemic....
A J.F. Lehman & Co. investment affiliate has purchased Atlanta-based CodeMettle, a communication network and data management software provider to both the defense and commercial sectors, for an undisclosed sum....
DynCorp International, which Amentum acquired last month, will compete for task orders to help the U.S. Air Force maintain rotary-wing aircraft platforms, flight equipment and weapon systems through a potential $835M indefinite-delivery/indefinite-quantity contract. The military branch named DynCorp among the five awardees on the Rotary Wing Mainten...
Kathy Warden – chairman, CEO and president of Northrop Grumman (NYSE: NOC) and a 2020 Wash100 winner -- has been appointed to succeed Kelly Ortberg as chairman of the Aerospace Industries Association's board of governors. AIA named Mike Petters, president and CEO of Huntington Ingalls Industries (NYSE: HII) and a previous Wash100 awardee, as...
Boston-based enterprise artificial intelligence company DataRobot has received an investment from and expanded its partnership with cloud-based data warehousing company Snowflake (NYSE: SNOW) to advance product integration and go-to-market initiatives to deliver improved user experience and help customers derive insights from data using AI. DataRobo...
