Software investor Insight Partners has named seven public sector leaders to its newly created government advisory board to advise the private equity firm on investment strategy and programs meant to further build up its portfolio companies that are supporting government clients. “Our inaugural GAB members come with different experiences across the...
Perkins Technical Services will provide power supplies to the U.S. Army under a potential five-year, $90.1 million contract from the Defense Logistics Agency’s land and maritime organization. The sole-source, firm-fixed-price contract has a base performance period of three years and a pair of one-year options, the Department of Defense said Th...
A new McAleese & Associates report indicates that defense stock prices have spiked 18 percent to 20 percent year-to-date and outperformed the S&P 500 as sector investors react to the Russian invasion of Ukraine. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, noted investors see a 10 percent spike in Depar...
Robert Geckle, chairman and CEO of Airbus U.S. Space & Defense, was featured in a recent Executive Spotlight interview published Wednesday. He talked about company projects, such as building the militarized version of the H-145 aircraft, that he considers “most rewarding.” Geckle also discussed his strategic goals for the year, the m...
Craig Faller, a retired U.S. Navy admiral, has joined the board of advisers of Sigma Defense Systems. Sigma Defense CEO Matt Jones said in a statement published Thursday that Faller brings to the advisory board his vision for integrating capabilities, operational concepts and technology and provide strategic guidance on the company’s platforms and...
Rick Lober, vice president and general manager of defense and intelligence systems division at Hughes Network Systems, was featured in a recent Executive Spotlight interview published Tuesday. He shared how the company has been able to drive digital transformation efforts to stay ahead of innovation in the federal landscape. Lober also discussed the...
The Missile Defense Agency has awarded Northrop Grumman (NYSE: NOC) and Owl Cyber Defense Solutions positions on a potential five-year, $249.1 million contract to provide development, testing and implementation support for the Foreign Military Sales Cross Domain Solutions program. FMS CDS is an information assurance method that seeks to deliver the ...
Paul Meyer, president of Department 22 at Raytheon Technologies‘ intelligence and space business, was featured in a recent Executive Spotlight interview published Tuesday. He said Department 22 was formed in response to customers’ call to boost the speed of innovation amid the Department of Defense’s implementation of its Joint All...
A consortium that comprises Thales, Leonardo, Indra Sistemas and Hensoldt will provide tactical data link communication systems to U.S. and European military customers under a five-year, $338.8 million contract. Naval Information Warfare Systems Command in California awarded the contract to Paris-based Euromids as part of the Multifunctional Informa...
The State Department has approved Egypt’s request to procure Boeing-built (NYSE: BA) Chinook helicopters and associated equipment from the U.S. government under a potential $2.6 billion transaction. The Defense Security Cooperation Agency said Thursday the proposed foreign military sale includes 23 CH-47F cargo aircraft units along with machin...
