The Department of State has approved a potential $3.5 billion foreign military sale of Standard Missile 6 Block I and Standard Missile 2 Block IIIC systems to Germany. RTX, which manufactures both missile families through its Raytheon business, is the principal contractor, the Defense Security Cooperation Agency said Friday. Germany requested up to ...
The U.S. Army has awarded Boeing a contract valued at $876.4 million for logistics, training and engineering services in support of 60 CH-47F Block II cargo helicopters. Work on the contract will be performed in Ridley Park, Pennsylvania, until Oct. 28, 2035, according to the Department of Defense. The Army Contracting Command in Redstone Arsenal,...
CHAOS Industries has raised $510 million in new funding to expand development and manufacturing of its sensing and timing technologies for defense applications. The round was led by Valor Equity Partners, with participation from existing investors 8VC and Accel, valuing the company at $4.5 billion, CHAOS said Thursday. The latest raise brings CHAOS&...
Babel Street has appointed Rob Lalumondier as chief revenue officer, adding a senior leader with experience in cybersecurity and threat intelligence as the company expands across the public sector, national security and commercial markets. In his new role, Lalumondier will oversee global revenue strategy, sales, channel operations and customer growt...
Shareholders at identity security company CyberArk have approved Palo Alto Networks’ proposed acquisition offer. Cyberthreats are escalating, and government data has become the new frontline of international conflict. Don’t miss your chance to join the conversation at the Potomac Officers Club’s 2026 Cyber Summit on May 21. Connect...
The $25 billion provided for the U.S. Coast Guard in the One Big Beautiful Bill Act is the largest investment in the service’s history, Homeland Security Secretary Kristi Noem told a packed ballroom on Wednesday during her keynote address at the Potomac Officers Club’s 2025 Homeland Security Summit. Noem, who received two standing ovat...
Veritas Capital announced that affiliates of its Vantage Fund have agreed to acquire artificial intelligence-enabled digital transformation services provider MetroStar Systems for an undisclosed sum. Join us for the Potomac Officers Club’s 2026 Artificial Intelligence Summit on March 19, featuring top voices from agencies and industry. Registe...
ARMADA Parent, a provider of ship repair and construction services for the U.S. Navy, has acquired Virginia-based Poseidon Industrial to expand its maritime modernization and technical service capabilities across defense programs. How Will the Acquisition Strengthen ARMADA? The acquisition adds Poseidon to ARMADA’s network of operating compani...
The Department of State has approved a potential foreign military sale of AIM-9X Block II Sidewinder tactical missiles and related support equipment valued at an estimated $318.4 million to the government of Denmark. RTX will serve as the principal contractor of the proposed FMS, the Defense Security Cooperation Agency said Wednesday. What Does the ...
A report by financial services company Raymond James reveals that 125 mergers and acquisitions took place in the defense and government market during the third quarter of 2025, a 30 percent increase from the same period the previous year. The November report was issued by Raymond James’ defense and government team, where Sam Maness, a...
