A Cerberus Capital Management affiliate has purchased Herndon, Virginia-based information technology contractor NetCentrics for an undisclosed sum to help drive the latter’s financial and expansion goals. NetCentrics received a capital investment from the New York City-based private equity firm in connection with the deal and appointed 25-year...
GovCon Wire Events hosted Thursday its AI: Innovation in Homeland Security Forum, which brought together government and industry leaders to examine how national security agencies can leverage AI technology to combat foreign and domestic adversaries and threats. Following a keynote address from DHS official John Cohen, GovCon Wire Events proceeded ...
Members of Congress want the intelligence community to invest more in commercial technology platforms and share data with the Defense Department as part of the Fiscal Year 2022 Intelligence Authorization Act. On Sept. 30, the House Intelligence Committee passed its version of the bill that authorizes IC spending levels 0.5 percent above the White Ho...
John Johnson, a retired U.S. Army lieutenant general and formerly a vice president at Raytheon Technologies (NYSE: RTX), has joined General Motors‘ (NYSE: GM) defense subsidiary as vice president of business development. In his new capacity, Johnson will aim to identify growth opportunities in the military vehicle, propulsion, power, autonomy ...
GovCon Wire Events hosted its AI: Innovation in Homeland Security Forum on Thursday which gathered private industry and government officials to discuss how cutting-edge AI technology is shaping the nation’s homeland security priorities, goals and general strategy as well as the role industry can play in the future of countering foreign adversari...
Singapore-based ST Engineering has agreed to acquire TransCore from Roper Technologies (NYSE: ROP) for $2.68 billion in cash. Nashville, Tennessee-based TransCore develops traffic management, tolling systems and related technologies for the transportation industry and is expected to record approximately $545 million in 2021 revenue, Roper said Sunda...
General Dynamics‘ (NYSE: GD) mission systems business has won a potential five-year, $275.6 million contract from the U.S. Navy for the design, development and testing of a maritime mine deployment system. The company will deliver a prototype of the Hammerhead system meant to detect and engage anti-submarine warfare targets, the Department of ...
Boeing (NYSE: BA) will update as many as five Chinook heavy-lift military cargo helicopters for the U.S. Army under a $391.4 million contract. The military service intends to procure CH-47F renew aircraft through the fixed-price-incentive contract and expects the planemaker to complete work on Sept. 30, 2025, the Department of Defense said Thursday....
Dynetics, a subsidiary of Leidos (NYSE: LDOS), has won a $237.4 million contract from the U.S. Army to develop launcher and interceptor prototypes for a ground-based weapon system intended to engage aerial threats such as subsonic cruise missiles and unmanned aircraft systems. Huntsville, Alabama-based Dynetics will provide 16 launchers and 60 inter...
TYSONS CORNER, VA, Sept. 27, 2021 — Kord Technologies, a KBR (NSYE: KBR) subsidiary, has completed a combat shoot-off at Fort Sill in Oklahoma as part of the Directed Energy Maneuver-Short Range Air Defense program, marking progress in its development of a directed energy system for U.S. Army, ExecutiveBiz reported Sept. 9. The demonstration showc...
