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...
A new McAleese & Associates report says the U.S. has reached a “point of no return” in the retrograde from Afghanistan following the handover of Bagram airfield to Afghan national security forces. Jim McAleese, founder of McAleese & Associates and three-time Wash100 winner, reported the U.S. military is close to fully withdrawing troops ...
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...
