By Kevin Plexico, Senior Vice President of Information Solutions at Deltek In March, the Office of Management and Budget officially released the Biden Administration’s initial fiscal year 2024 discretionary budget request. This initial budget proposal includes a total of approximately $1.8 trillion in top-line discretionary budget requests fo...
Aretum, the newly established mid-tier platform company of Renovus Capital Partners, has acquired Arlington, Virginia-based federal contractor Miracle Systems. Miracle and Renovus portfolio company Panum Telecom will operate under Aretum, which is focused on delivering technology platforms, management consulting and mission support services to the D...
Elbit Systems (Nasdaq: ESLT) has secured a pair of contracts worth $202 million combined to deliver intelligence and electronic warfare aircraft and autonomous artillery systems to unnamed foreign customers. The company said Tuesday it will equip a commercial aircraft platform with an EW suite, designed to help the operator defend against communicat...
The Department of the Air Force has begun seeking proposals for the recompete of geospatial support and services to enhance shared situational awareness and improve decision-making processes in military combat operations. The GS&S 2.0 procurement effort will consist of approximately 10 indefinite-delivery/indefinite-quantity basic contracts, wit...
Michael Brasseur, a 26-year U.S. Navy veteran and a maritime robotics specialist, has joined the U.S. subsidiary of Swedish defense contractor Saab as vice president and chief strategy officer. The retired captain will be responsible for helping Saab Inc. address its strategic goals and customer requirements through collaboration with the government...
Aerojet Rocketdyne (NYSE: AJRD) has secured a $215.6 million cooperative agreement from the Department of Defense to modernize and expand its facilities at three sites that produce rocket propulsion systems as part of efforts to help DOD meet the increasing demand for tactical missile systems. The company will use the funds from the agreement to...
A By Light subsidiary has secured a three-year, $500 million contract from the U.S. Army to produce a virtual platform for military aviation and ground units to conduct combined training activity. The service branch tapped Cole Engineering Services Inc. to build the Reconfigurable Virtual Collective Trainer system under the firm-fixed-pric...
Seven companies were given spots on a five-year, $145 million contract to support training, education strategy development and research projects of the U.S. Army Combined Arms Center. The contractors will compete for task orders to assist Army CAC in the creation of training and education strategies for current and future warfighters, the Depa...
Xator, a subsidiary of Parsons (NYSE: PSN), will provide logistics support services to the U.S. government’s humanitarian assistance mission under a $750 million contract from the State Department. The three-year, single-award contract includes medical, transportation and identity-related work for aid delivery operations, Parsons said Wednesda...
The U.S. Army has awarded a potential $402 million contract to TRX Systems to produce second-generation devices that work to deliver assured positioning, navigation and timing capabilities to dismounted users. The indefinite-delivery/indefinite-quantity contract awarded under the third phase of the Small Business Innovation Research program includes...
