OceanSound Partners has secured $1.49 billion in total capital commitments for its second fund, enabling it to pursue investments in technology companies serving government and highly regulated enterprise end markets. The New York-based private equity firm said Tuesday the oversubscribed OceanSound Partners Fund II closed above its target of $1 bill...
Raytheon, an RTX (NYSE: RTX) business, has secured a $525 million contract from the U.S. Navy for Evolved SeaSparrow Missile Block 2 and spares. RTX said Monday the ESSM Block 2 missiles’ enhanced maneuverability and performance will help boost the flexibility and capability of the U.S. and allied nations’ navies. The weapon sy...
Business aviation broadband connectivity provider Gogo (Nasdaq: GOGO) has signed a definitive agreement to acquire in-flight connectivity company Satcom Direct for $375 million in cash. Gogo said Monday the transaction, which is expected to be completed before the end of 2024, will expand its footprint in the business aviation market and provi...
Amentum has finalized its merger with Jacobs’ (NYSE: J) critical mission solutions and cyber and intelligence businesses to form a new publicly traded company focused on delivering advanced engineering and technology platforms and services to customers. Chantilly, Virginia-based Amentum said Friday it will start trading on the New York Stock E...
The U.S. Air Force has awarded Lockheed Martin‘s (NYSE: LMT) missiles and fire control business a $3.23 billion sole-source contract for the production of joint air-to-surface standoff missiles and long-range anti-ship missiles. The firm-fixed-price, undefinitized contract action covers JASSM Lot 22 and foreign military sales missile procureme...
The State Department has cleared Australia’s foreign military sale request for Advanced Anti-Radiation Guided Missiles-Extended Range and related equipment with an estimated value of $405 million. The Defense Security Cooperation Agency said Friday Australia will purchase 100 AARGM-ER with global positioning system precise positioning sys...
U.S. government representatives have been largely bullish, at least publicly, about the benefits of artificial intelligence, particularly generative AI, while also acknowledging its risks and misuses. In order to try and organize and set up parameters for its use, the Office of Management and Budget issued a memo requiring agencies to put gover...
The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $422.2 million contract valued to provide logistics, sustainment, project management and engineering services in support of the Czech Republic’s F-35 Joint Strike Fighter program. Work on the foreign military sale will be performed in undisclosed locations within and outside the con...
Leonardo DRS (Nasdaq: DRS) has won a potential $235.9 million contract from the U.S. Navy to produce, test and deliver AN/SPQ-9B radar systems. The Department of Defense said Tuesday Naval Sea Systems Command launched an online competitive procurement process and received two offers for the firm-fixed-price contract. The contract for the fabrication...
The U.S. government is investing heavily in collaboration, both inside and outside the nation’s borders. As the country works to revitalize its own industrial base, it is working side-by-side with allies and other international partners to stay ahead of competitors in today’s complicated geopolitical landscape. The Potomac Officers Club&...
