Everfox, formerly Forcepoint Federal, has established an executive advisory board consisting of top cybersecurity leaders who will help drive company strategy to continue its growth in the federal market. The Herndon, Virginia-headquartered cybersecurity company said Monday the inaugural members bring government agency, defense, and commercial exper...
Northrop Grumman generated $10 billion in sales during the third quarter of 2024, up 2 percent from the same period last year, and posted $11.7 billion in Q3 net awards with a record backlog of $85 billion. In an earnings release published Thursday, the Falls Church, Virginia-based aerospace and defense contractor said year-to-date sales rose...
At Fearless, a Baltimore-based digital services integrator, the power behind the tech they create comes from the people who build it. Fearless was founded in 2009, but the company hit a growth streak in 2022 after a strategic pivot towards digital services. Joe Paiva, the company’s COO, came to Fearless in March 2024 alongside Jacob Hsu,...
Raytheon has secured $676 million to continue manufacturing tube-launched, optically tracked, wire-guided TOW weapon systems for the U.S. Army. The awards comprise an annual production contract valued at $430 million from fiscal 2023 and an additional $246 million in 2024, Raytheon parent company RTX said Wednesday. Weapons Production in Tucso...
The GovCon market is facing some degree of uncertainty as the presidential election approaches and a continuing resolution puts a pause on funding growth. But one thing GovCon leaders know for certain is that the defense and government markets are rife with opportunities and poised for significant growth. At the Raymond James 2024 Defense and...
Anchored at $107.9 billion, the Department of Homeland Security’s fiscal year 2025 budget request represents a $4.5 billion increase over its FY 2024 request. With these allocations, which include $62.2 billion in discretionary funding, DHS aims to rise to evolving homeland security challenges shaped by new technologies and other shifts in todayâ...
Unmanned aerial systems, or UAS, have become essential assets across the defense landscape. In this Executive Spotlight interview, TCOM Vice President of Business Development Nigel Sutton shared how the company’s partnership with Aerostar and Equinox is changing the game for ISR missions and transforming how the government deploys UAS. Sutton...
NewSpring Holdings, the majority investment strategy of private equity firm NewSpring, has acquired Xpect Solutions, a Fairfax, Virginia-based provider of enterprise IT and security services to federal agencies. NewSpring said Tuesday Xpect becomes the third company in the federal platform of NewSpring Holdings, which invests in technology-enabled s...
Federal contractor Core4ce has acquired Azimuth as part of a push to expand its national security capabilities in intelligence, surveillance and reconnaissance, threat protection, artificial intelligence and machine learning and warfighter support. Core4ce said Tuesday Azimuth President and CEO Valerie Rossi will join the company as senior vice pres...
The Department of Defense is sharpening its focus on partnerships to stay ahead of peer and near peer competitors. While the U.S. has a strong defense industrial base, its allies “each have their own robust defense industries and will continue to be a cornerstone of the DOD’s concept of integrated deterrence,” Travis Langster,...
