Dallas-based investment firm CBRE Group has agreed to buy J&J Worldwide Services from Arlington Capital Partners for $800 million in cash as part of efforts to expand its capabilities in the public sector. J&J CEO Steve Kelley said the transaction will enable the company to continue expanding its platforms in support of military clients at m...
A $908 million order for Joint Air-to-Surface Standoff Missiles by the government of the Netherlands has been approved by the U.S. State Department. Lockheed Martin (NYSE: LMT) will be the prime contractor fulfilling the order, which specifies 120 units of AGM-158B/B-2 JASSM-ER all-up rounds and 15 AGM-158 Inert JASSMs along with their test instrume...
Executive Mosaic is thrilled to induct Peraton Chairman, President and CEO Stu Shea into the 2024 Wash100 list. Shea, an eight-time Wash100 Award winner, is recognized this year for spearheading continued company growth through major contract awards and for his outstanding attention to innovation. Vote for Stu Shea as your favorite GovCon leader...
Modernization is one of the U.S. Air Force’s top priorities, and USAF leaders have highlighted artificial intelligence as a major part of the service branch’s transformation efforts. Air Force Chief of Staff Gen. David Allvin expects the future to “be about human machine teaming,” and Secretary of the Air Force Frank Kendall recently sai...
The Army Futures Command was initiated in 2018 to prepare the U.S. Army for future fights and make sure it’s developing strategies that will be resilient to threats decades from now. At the Potomac Officers Club’s 10th Annual Defense R&D Summit on Wednesday, BG John Cushing, commanding general of U.S. Army Combat Capabilities Development C...
Science and technology are foundational elements of many U.S. Department of Defense initiatives and a key part of keeping pace with near-peer competitors. Though the nation has an expansive innovation ecosystem, there are still stovepipes that exist between S&T organizations, and according to defense experts, breaking down these barriers is nec...
V2X CEO and President Chuck Prow has been recognized for the tenth time by Executive Mosaic for the Wash100 Award. Prow continually impresses EM through his galactic growth of V2X and aggressive pursuit of new contract awards. The Wash100 Award is given to the group of 100 individuals EM deems the stand-outs and talents-to-watch in the...
U.S. Indo-Pacific Command is working on an information technology architecture that utilizes zero trust cybersecurity principles and is compatible with systems of other service branches and even international allies. The INDOPACOM Mission Network will be handled by the Joint Mission Accelerator Directorate, an office stood up in mid-December, a...
The State Department has approved the government of India’s request to purchase MQ-9B remotely piloted aircraft and associated equipment from the U.S. government under a potential $3.99 billion foreign military sales agreement. India asked to buy 31 MQ-9B SkyGuardian aircraft along with embedded GPS navigation systems, Hellfire captive air tra...
HII (NYSE: HII) released its fourth quarter and full-year 2023 earnings results on Feb. 1, 2024, reporting record revenues in both periods and a substantial backlog of approximately $48.1 billion as of Dec. 31, 2023. All of its three divisions reported higher volumes. HII President and CEO Chris Kastner said in a statement published Thursday,...
