Raytheon Technologies‘ (NYSE: RTX) missiles and defense business will engineer the combat system of the U.S. Navy’s Zumwalt-class guided missile destroyers under a one-year, $308.5 million contract option. The funds will also cover miscellaneous items and travel activities that support work on the fleet’s mission systems and equipm...
Cybersecurity firm Forcepoint is looking to divest its government security unit for over $2 billion and is working with Citigroup on the potential sale as the company looks to focus on building up its commercial business, Reuters reported Wednesday. Sources said no deal has been signed since discussions over the potential sale are still in...
Heidi Shyu, undersecretary for research and engineering at the Department of Defense and a 2023 Wash100 awardee, said that DOD will introduce a new “effort” to facilitate industry collaboration in bringing commercial space platforms to the U.S. warfighter mission, Breaking Defense reported Tuesday. “The goal of this effort is to incorporate [t...
Aretum, the newly established mid-tier platform company of Renovus Capital Partners, has acquired Arlington, Virginia-based federal contractor Miracle Systems. Miracle and Renovus portfolio company Panum Telecom will operate under Aretum, which is focused on delivering technology platforms, management consulting and mission support services to the D...
Josh Forman, formerly a senior vice president at Core4ce, has been appointed vice president of business development at Slingshot Aerospace, according to a LinkedIn post. He will oversee the space simulation and analytics company’s BD initiatives in the Department of Defense market. Forman served in the U.S. Navy as an intelligence specialist e...
Aerojet Rocketdyne (NYSE: AJRD) has secured a $215.6 million cooperative agreement from the Department of Defense to modernize and expand its facilities at three sites that produce rocket propulsion systems as part of efforts to help DOD meet the increasing demand for tactical missile systems. The company will use the funds from the agreement to...
Defense Counterintelligence and Security Agency Director William Lietzau received his 2023 Wash100 Award from Executive Mosaic CEO Jim Garrettson during a recent visit to DCSA headquarters. This marks Lietzau’s first Wash100 recognition, which he earned through his outstanding demonstration of leadership in reforming the country’s...
A By Light subsidiary has secured a three-year, $500 million contract from the U.S. Army to produce a virtual platform for military aviation and ground units to conduct combined training activity. The service branch tapped Cole Engineering Services Inc. to build the Reconfigurable Virtual Collective Trainer system under the firm-fixed-pric...
In recent years, the U.S. government has seen a notable increase in contracting work – a shift that has caused the Defense Contract Audit Agency’s workload to grow rapidly. To keep up with the accelerated pace of today’s federal contracting activities, the DCAA has begun to reevaluate its methods and embrace change to transform into an...
Seven companies were given spots on a five-year, $145 million contract to support training, education strategy development and research projects of the U.S. Army Combined Arms Center. The contractors will compete for task orders to assist Army CAC in the creation of training and education strategies for current and future warfighters, the Depa...
