The Federal Aviation Administration has awarded a potential five-year, $437.4 million contract to ASRC Federal Advanced Research to provide second-level engineering services supporting the National Airspace System. Awarded on Tuesday as an 8(a) set-aside, the contract consists of a one-year base period followed by four one-year options. The award de...
Veritas Capital has closed its ninth flagship fund and related vehicles at $15.3 billion, expanding its capital base despite a challenging global fundraising environment. How Does Fund IX Compare to Prior Veritas Funds? The New York-based investment firm said Tuesday the Fund IX close represents a 40 percent increase over its predecessor fund, which...
By Chuck Brooks, president of Brooks Consulting International The future of innovation in both government and industry will not be distinguished by singular breakthroughs, but rather by the convergence and meshing of a number of different new technologies. Going forward, industries, national security, economic competitiveness, privacy and almost eve...
Parsons reported $6.4 billion in revenue for fiscal year 2025, while achieving record adjusted EBITDA and net income for the full year. How Did Parsons Perform Financially in Fiscal Year 2025? In an earnings release published Wednesday, the Chantilly, Virginia-based disruptive technology provider said total revenue of $6.4 billion showed a 6 pe...
Palo Alto Networks, a cybersecurity firm headquartered in California, has finalized its acquisition of identity security firm CyberArk in a transaction valued at approximately $25 billion. Palo Alto Networks said Wednesday that it will integrate the CyberArk Identity Security Platform into its Cortex and Strata platforms to deliver identity-aware se...
McLean, Virginia-based Xcelerate Solutions has promoted Chief Risk Officer Danny Olmes to president of aviation security. The company said Tuesday Olmes will lead strategic growth initiatives, operations and delivery efforts in support of the Transportation Security Administration’s programs and partnerships with federal agencies, industry par...
The General Services Administration has issued the initial list of 55 apparently successful offerors on the women-owned small business, or WOSB, pool of the Polaris governmentwide acquisition contract, or GWAC, for IT products and services. As agencies continue to refine major contract vehicles like Polaris, the broader conversation around federal I...
Parsons has received a potential five-year, $125 million task order from the U.S. Army to provide research, development and technical services for the service’s Combat Capabilities Development Command Army Research Laboratory, or DEVCOM ARL. The recent award reflects continued collaboration between the Army and industry to advance research and...
President Donald Trump has introduced a new website designed to provide patients with access to discounted prices on certain high-cost prescription drugs in the U.S. As the current administration rolls out TrumpRx.gov and highlights new efforts to reduce prescription drug costs, federal healthcare policy continues to evolve rapidly for both industry...
By Payam Pourkhomami, President & CEO of OSIbeyond CMMC Level 2 certification has shifted from a distant requirement to an immediate priority. With the DFARS acquisition rule now in effect, contractors without certification are not eligible for many defense contracts. Yet despite years of discussion about CMMC requirements, only a small fracti...
