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...
The State Department has approved a request from South Korea to procure items intended to enhance its fleet of KDX-II destroyers. The potential foreign military sale, valued at an estimated $300 million, also covers related logistics supporting the nation’s KDX-II Class Destroyers Product Improvement Program, the Defense Security Cooperation ...
Guidehouse has appointed Shannon White, a partner at the consulting firm, as head of its defense and security segment, effective Jan. 1. The McLean, Virginia-based advisory firm said Monday Chris Clarke, a partner, will succeed White as head of Guidehouse’s homeland security and law enforcement practice while Bryan Miller, also a partner, will lea...
Mike Bosco holds more than 20 years of military and intelligence experience, but he ended up in government contracting somewhat by chance. Upon retiring from the military in 2012, he was intent on transitioning to federal civilian work, maybe in the Intelligence Community. However, perhaps surprisingly, it takes extensive time and enduring a lot of...
The Department of Defense’s budget for fiscal year 2024 was $824.3 billion, a sizable amount of which was devoted to acquisition and procurement from the industrial base. Thousands or perhaps even hundreds of thousands of companies, from two-person startups to multi-billion dollar enterprises in their own right vied for these contracts, which cove...
