New York-based private equity firm OceanSound Partners has closed a single-asset continuation fund worth approximately $1.15 billion in connection with the divestment of its portfolio company, SMX Group. Apollo S3 serves as the lead investor in the continuation fund, which will provide incremental capital and enable OceanSound to support SMX’s acq...
Randy Resnick, director of the Zero Trust Portfolio Management Office within the Department of Defense’s Office of the Chief Information Officer, has been named to the 2024 Wash100 list for his work advancing and synchronizing zero trust efforts and initiatives across the DOD enterprise. This marks Resnick’s debut on Executive Mosaic’s Wash10...
Boeing (NYSE: BA) has received a potential $657.1 million contract modification from the U.S. Navy to support the production and delivery of two more MQ-25 Stingray System Demonstration Test Article aircraft. The modification includes related tooling and communication systems changes to the aerial refueling drone and seeks to definitize obsolescence...
The Honorable Doug Bush, assistant secretary of the Army for acquisition, logistics and technology, has been confirmed to speak at the Potomac Officers Club’s 9th Annual Army Summit on June 13. Each year, the Annual Army Summit brings together top Army officials and industry experts to explore the near- and long-term challenges and priorities sha...
Leidos (NYSE: LDOS) has secured a potential 10-year, $631.2 million contract to help the U.S. Army develop, acquire and provide life cycle support to tactical aerial intelligence, surveillance and reconnaissance sensors and integrated systems. Army Contracting Command will determine work locations and funding for each order under the Development, In...
Chesapeake Technology International has purchased Asymmetric Technologies in a transaction that expands its portfolio of products and technology transition and hardware development capabilities to meet edge communications and flight autonomy requirements of Department of Defense and national security customers. Established in 2011, Asymmetric has be...
Booz Allen Hamilton (NYSE: BAH) has named Lisa Bishop, formerly vice president overseeing analytics support to Department of Defense elements in Europe, as a senior VP and appointed Patrick Biltgen, formerly principal, as a VP. In her new role, Bishop will lead a team tasked with providing defense intelligence services to customers in the Washington...
In today’s digital world, staying at the forefront of cybersecurity practices is critical for national security. Continuous increases in both the number and variety of cyberattacks now characterize this domain, and the U.S. government has taken many steps to keep pace with this constantly transforming environment. Hear public and private sector cy...
By Payam Pourkhomami, President & CEO of OSIbeyond The Department of Defense has been battling digital threats for decades, striving to fortify the defense industrial base. To achieve this, numerous cybersecurity requirements have been introduced for organizations that process or store controlled unclassified information, or CUI. Among these req...
A General Dynamics (NYSE: GD) business and Northrop Grumman (NYSE: NOC) have won positions on a potential five-year, $3.05 billion contract to provide medium caliber training cartridges for the U.S. Army. Army Contracting Command received two bids for the cost-plus-fixed-fee, fixed-price contract through an online solicitation and will obligate fund...
