Enlightenment Capital-backed Allocore has agreed to acquire RiverNorth for an undisclosed sum to expand its client base and improve its position as a key provider of loan, grant and fraud protection technologies for federal, state and local governments. Allocore said Tuesday it expects the acquisition to close on May 1, subject to customary closing ...
Christy Wilder, a seasoned strategic consultant, has been selected as the chief security officer at Peraton. The national security company said Thursday Wilder was selected after serving as an adviser to Peraton’s defense mission and health solutions sector. In her new role, the security expert will oversee the development and implem...
We last spoke to Davidson Technologies’ James Parys at our sister publication ExecutiveBiz about a year ago and the conversation centered around Combined Joint All-Domain Command and Control. Though Parys has transitioned to a new company since then, his faith in the capabilities of advanced technologies and how they can enable Depar...
The State Department has approved Qatar’s foreign military sale request for MQ-9B Remotely Piloted Aircraft, or RPA, and related equipment worth an estimated $1.96 billion. The Defense Security Cooperation Agency said Wednesday General Atomics Aeronautical Systems, Boeing, L3Harris, Leonardo S.p.A., Lockheed Marti...
The Air Force Materiel Command is seeking a consortium manager to support the Air Force Tactical Exploitation of National Capabilities, or AF TENCAP, a congressionally mandated, non-traditional, rapid-acquisition organization established to accelerate the delivery of new technologies to warfighters. According to a request for proposals posted on SAM...
Drew Hoffman has been named president and chief legal officer at Second Front Systems. The Delaware-based public-benefit software company said Friday Hoffman’s appointment, which is effective immediately, aligns with the company’s commitment to developing commercial innovation and driving growth in the national security sector ...
Redwire has secured all required regulatory approvals to close its acquisition of Edge Autonomy. The space infrastructure company said Friday the regulatory clearances include the completion of the U.S. antitrust review under the Hart-Scott-Rodino Act and foreign investment reviews in Canada, Latvia and the U.K. In January, Redwire struck a $925 mil...
The Defense Logistics Agency plans to award RTX a potential 20-year, $50 billion sole-source contract to provide systems, production and related support services for the Patriot missile defense system. According to a presolicitation notice published Thursday, DLA intends to issue a request for proposal by April 4 and award the indefinite-delivery/in...
RTX business Raytheon has received a U.S. Navy contract modification worth approximately $141 million for the procurement of Standard Missile-2 and spares. Scope of Contract Modification The Department of Defense said Thursday the contract action combines purchases for the governments of Japan, Australia, Spain, Germany and the Netherlands under the...
SAIC has appointed Jonas Lazo and Justin Magruder to new executive roles. Lazo confirmed Tuesday that he has assumed the role of chief technology officer for West Indo-Pacific, while Magruder now serves as the company’s partner and chief data officer for mission advisory services. Who is Jonas Lazo? Lazo is a military and gover...
