Mergers and acquisitions deals are a feature of any industry where there are large enough companies and funds to support new combinations and ownership arrangements. They’ve become a particularly notable occurrence across markets in the 21st century, as large conglomerates buy up smaller operations. Government contracting is no different. Accordin...
Stellant Systems, a portfolio company of Arlington Capital Partners, has agreed to acquire the power systems technology product line of Comtech Telecommunications (Nasdaq: CMTL) for $40 million. The companies’ boards of directors have unanimously approved the cash transaction, which is expected to close by the end of October, subject to regula...
The Raymond James Defense and Government Conference held at Nationals Park in Washington, D.C. on Thursday brought together some of the most influential executives, government officials and thought leaders in the government and government contracting industry. During a panel discussion moderated by Raymond James Managing Director Andy McEnroe, fou...
The U.S. Department of Defense famously established the Joint Digital and Artificial Intelligence Office in 2022 to formally indicate their commitment to embracing AI. But the Pentagon hasn’t stopped there — in the nearly year and a half since the CDAO’s creation, defense officials have demonstrated a persistent interest in implementing — an...
The Naval Facilities Engineering Systems Command Pacific has awarded five companies a $98 million contract modification to continue providing the U.S. military with incidental construction and other global contingency services. AECOM (NYSE: ACM), Fluor (NYSE: FLR), KBR (NYSE: KBR), IAP and ECC joint venture and V2X (NYSE: VVX) will provide short-ter...
Rob Zitz, an executive with an impressive combination of public and private sector experience, has secured the chairman role in Executive Mosaic’s 4×24 Space Mission Assurance Group. It is Zitz’s 11th consecutive year leading the group, which is concerned with the government’s collaborative work with private industry to complete and exce...
The U.S. Air Force has announced its intent to increase the potential maximum value of an indefinite-delivery/indefinite-quantity contract that provides information technology products and support services for Strategic Command. A notice posted Tuesday on SAM.gov states that the Air Force plans to increase the Information Technology Capabilities Con...
Nine companies won spots on a combined $600 million contract from the U.S. Navy to perform new construction as well as renovation and repair of military facilities under the jurisdiction of the Naval Facilities Engineering Systems Command – Marianas. The indefinite-delivery/indefinite-quantity, design-build construction award includes renovati...
Vinita Fordham, a technology executive with over two decades of combined government and industry experience, has been named chief innovation officer at Bridge Core, a NewSpring Holdings platform company, Forum reported Tuesday. Fordham joined Bridge Core following a two-year stint as a research fellow at Deloitte Consulting‘s AI Institute for ...
Comtech (Nasdaq: CMTL) will provide professional engineering services and supply terrestrial and satellite networking communications technologies for the U.S. Army under a potential $544 million task order awarded under the Global Tactical Communications Systems II contract. The company said Monday it will support the project manager tactical networ...
