Philadelphia-based private equity firm Renovus Capital Partners has acquired QualX for an undisclosed sum to support the latter’s growth initiatives and technology investment efforts to facilitate the delivery of new platforms and services to federal government clients. Renovus said Springfield, Virginia-based QualX provides records and inform...
The Potomac Officers Club’s first-ever GovCon International Summit on Oct. 10 will bring together experts in foreign relations, joint warfighting and more to weigh in on the global priorities of the United States and its allies. The event has a packed schedule, and you won’t want to miss the chance to hear from its featured speakers...
Science Applications International Corp. (Nasdaq: SAIC) recorded $1.82 billion in revenues, 2 percent organic growth and $1.2 billion in net bookings with a book-to-bill ratio of 0.6 during the second quarter of its fiscal year 2025. In an earnings statement published Thursday, the Reston, Virginia-based government technology services contractor sai...
The Department of Homeland Security has awarded AT&T (NYSE: T) a 10-year, $146 million contract for government emergency telecommunications service and wireless priority service. The award ensures that DHS components such as the Cybersecurity and Infrastructure Security Agency and other government offices will always have access to mission-criti...
RTI International and the Department of Defense have signed a cooperative agreement for the former to continue overseeing the Defense Science, Technology, Engineering and Mathematics Education Consortium, or DSEC. The nonprofit research institute said Thursday the potential 10-year, $190 million deal is intended to boost STEM education among K-16 st...
Saab Inc., the U.S. business arm of the Swedish aerospace and defense company, has booked a $494.4 million contract from the U.S. Army for the production of XM919 Individual Assault Munition, or IAM. The Department of Defense said Tuesday the firm-fixed-price contract, which covers an unspecified amount of XM919 IAM, was awarded to Saab by the...
The foreign military sales process, wherein international governments seek armaments and defense support from the U.S., is a complicated and highly bureaucratic system that stretches across multiple major agencies, not just the Department of Defense. Officials blame slow industrial base production, lack of Congressional funding and diffuse proc...
V2X (NYSE: VVX) has secured a contract to ensure the operational readiness of F-5 Adversary aircraft of the U.S. Navy. The company said Wednesday the indefinite-delivery/indefinite-quantity contract for F-5 maintenance is valued at $747 million and has a potential seven-year period of performance, including three 12-month options. Work will be perfo...
Cybersecurity private equity firm Option3 has announced that its newly created platform focused on accelerating zero trust adoption, ENIGMA, completed the purchase of Onclave Networks. “With this acquisition, Onclave becomes the foundation for the ENIGMA Zero Trust platform, with technology that is now also being adopted by customers such as t...
Bob Ritchie is a fast learner. The technologist started at SAIC as an intern fresh out of a Virginia Tech computer engineering degree and only three years later was the chief software architect assisting the U.S. Navy and Marine Corps, wherein he helped digitally transform preexisting Department of Defense tactical decision and command and control,...
