Sierra Space has closed a $550 million equity investment led by LuminArx Capital Management, bringing the defense technology company’s valuation to $8 billion. The Colorado-based firm said Thursday the investment also drew participation from existing investors, including General Atlantic, Coatue, Moore Strategic Ventures and Andalusian Privat...
Lockheed Martin has appointed Mark Kvasnak, currently vice president and chief financial officer of the company’s rotary and mission systems, or RMS, business area, as VP of investor relations, effective March 16. The Bethesda, Maryland-based aerospace and defense contractor said Thursday Kvasnak will succeed Maria Ricciardone, who will remain VP ...
Tang Pham, a 2026 Wash100 Award recipient, will hold an expanded leadership role within AT&T‘s federal business, according to information sent to GovCon Wire on Friday. Building on his leadership as vice president of defense since March 2025, Pham will oversee AT&T’s national security segment, supporting the White House, the intellig...
The U.S. Army has awarded General Motors subsidiary GM Defense an $18.8 million firm-fixed-price contract to supply Infantry Squad Vehicles, or ISVs, and related equipment. The Potomac Officers Club’s 2026 Army Summit on June 18 comes as programs like GM Defense’s Infantry Squad Vehicle production contract advance Army moderniz...
Government contractors are increasingly looking to artificial intelligence to streamline capture and proposal development, hoping to increase their win rate. However, AI cannot streamline these processes without a strong foundation and user buy-in. Sam Cooper, senior solutions engineer at Procurement Sciences AI, discussed the pillars of successful ...
By Light Professional IT Services has appointed former Department of War cyber leader Jeffrey Jones as executive vice president for cyber. The Potomac Officers Club’s 2026 Cyber Summit on May 21 will bring together leading government and industry cyber experts to address escalating digital threats and zero trust progress ahead of the...
SentinelOne has appointed Sonalee Parekh, a veteran finance executive in the software and technology sector, as chief financial officer, effective March 24. As companies like SentinelOne strengthen leadership to drive innovation and growth in AI-powered cybersecurity, government and industry leaders continue to explore how emerging technologies are ...
B/CORE has strengthened its national security portfolio through the acquisition of Fuel Consulting, deepening its commitment to intelligence community and Department of War missions. How Will the Acquisition Expand B/CORE’s Capabilities? In a press release sent to GovCon Wire on Thursday, the national security technology company stated that the tr...
SES reported $2.94 billion in revenue for fiscal year 2025, reflecting the first year of financial consolidation following its acquisition of satellite operator Intelsat in July. Adjusted EBITDA reached $1.34 billion while adjusted free cash flow totaled $256.5 million for the year, SES said Monday. The acquisition of Intelsat expanded SES’s s...
The U.S. Navy has awarded Client Solution Architects, a global provider of integrated technology and operational support services, a three-year, $16 million contract to provide enterprise technical services. The Potomac Officers Club’s 2026 Navy Summit on Aug. 27 will gather senior Navy leaders, defense officials and industry executives t...
