The State Department has approved Zambia’s request for Bell 412 Enhanced Performance Exportable Medium-Lift Transport Helicopters and related items valued at an estimated $100 million. The Defense Security Cooperation Agency said Monday it has notified Congress of the potential agreement with Bell Textron possibly serving as the principal...
Investment banking firm Evercore has issued its January report, highlighting the market performances of several U.S. defense and government services companies. The monthly update released by the firm’s aerospace, defense and government services team shows the enterprise and equity values, share performances and operating metrics of several U.S...
The U.S. Army has awarded Airbus U.S. Space & Defense a $315 million contract modification to provide logistics and engineering services in support of its fleet of UH-72 Lakota twin-engine helicopters. The Department of Defense said Tuesday that work on the contract will be performed in Grand Prairie, Texas, until Dec. 31, 2025. The Army...
IT services provider Agile Defense has closed its acquisition of IntelliBridge to expand its technology capabilities and integrated platforms in support of national security, defense and federal civilian missions. In a statement published Tuesday, Rick Wagner, CEO of Agile Defense and a six-time Wash100 awardee, said the acquisition enhances its tea...
The State Department has approved a request from Japan to purchase $3.64 billion worth of AIM-120D-3 and AIM-120C-8 Advanced Medium-Range Air-to-Air Missiles, or AMRAAM, and related equipment. Japan’s AMRAAM Foreign Military Sale Details The Defense Security Cooperation Agency said Thursday it has notified Congress of the potential foreign mi...
Gladstone Investment has completed its acquisition of Ricardo Defense, adding the latter to its growing portfolio of businesses. The private equity fund said Thursday it funded the transaction with equity and senior secured debt. In December, Gladstone Investment and Proteus Enterprises signed a definitive agreement to buy Ricardo Defense. Christoph...
The State Department has approved the two foreign military sale requests of the Taipei Economic and Cultural Representative Office in the United States for military communication systems and naval artillery systems enhancement valued at $265 million and $30 million, respectively. The Defense Security Cooperation Agency said it notified Con...
The State Department has approved Egypt’s three foreign military sales requests worth approximately $5.3 billion combined for Abrams tank refurbishment, Hellfire AGM-114R missiles, Advanced Precision Kill Weapon Systems, or APKWS, and related equipment and support services. The Defense Security Cooperation Agency said Friday it has already not...
Gladstone Investment and Proteus Enterprises have signed a definitive agreement to acquire Michigan-based engineering services and systems integration provider Ricardo Defense. The transaction is expected to close by the end of 2024, Gladstone Investment said Thursday. The companies did not disclose additional details about the sale, but Glads...
The Senate voted 85-14 on Wednesday to pass a defense bill that would authorize $895.2 billion in fiscal year 2025 funding for national defense. The Senate Armed Services Committee said Wednesday the FY 2025 National Defense Authorization Act, or NDAA, would authorize $849.9 billion for the Department of Defense and $33.3 billion for the Department...
