President Joe Biden’s fiscal year 2023 budget request includes $773 billion in defense spending and Lloyd Austin, secretary of the Department of Defense and a 2022 Wash100 Award recipient, said the proposed DOD budget would help the Pentagon advance integrated deterrence, carry out operations aligned with priorities and modernize the Joint Force. ...
Sarcos Technology and Robotics (Nasdaq: STRC) has agreed to acquire RE2, a developer of mobile robotic systems and autonomy software, for approximately $100 million in cash and stock. The two companies aim to close the transaction in the second quarter of 2022 and offer a suite of technology products powered by artificial intelligence, machine learn...
Ramzi Musallam, CEO and managing partner of Veritas Capital, has been selected to receive a 2022 Wash100 Award. This marks his seventh consecutive selection to Executive Mosaic’s prestigious annual list of leaders who shape the government contracting landscape, a testament to his reputation as one of the most significant drivers of growth and inno...
Small satellite builder Terran Orbital has completed its merger with Tailwind Two Acquisition Corp. and the combination raised $255.4 million in gross proceeds via the transaction. Tailwind Two said Friday the combined entity will operate under the name Terran Orbital and officially go public Monday on the New York Stock Exchange. “The capital rai...
The defense subsidiary of Oshkosh (NYSE: OSK) has received an initial order from the U.S. Postal Service for 50,000 next-generation delivery vehicles worth $2.98 billion. Oshkosh Defense said Thursday the order includes at least 10,019 electric battery-powered vehicles and the remaining units will be built with low-emission internal combustion engin...
U.S. Transportation Command will conduct a pre-proposal conference in April at Scott Air Force Base in Illinois to provide industry stakeholders an opportunity to know more about the potential five-year, $151 million Managed Information Technology Services contract. The MITS contract will provide technical, program management and strategic guidance ...
Forty Republican members of Congress have called on President Joe Biden to include in his fiscal year 2023 budget request a 5 percent increase in defense spending above the rate of inflation in light of increasing national security threats facing the country. The House and Senate lawmakers wrote in a Wednesday letter to the president...
Executive Mosaic is honored to present Reginald “Reggie” Brothers, CEO of BigBear.ai, as a recipient of the 2022 Wash100 Award, which annually recognizes the top 100 “executives of consequence” for their impact, innovation, vision and achievements within the government contracting community and across the federal landscape. Brothers, a Go...
Raytheon Technologies (NYSE: RTX) has received a $93.55 million contract modification from the U.S. Navy to continue the company’s modernization, conversation and overhaul support for the MK15 close-in weapon system. The company’s missiles and defense unit is helping the service branch update CIWS and associated hardware, the Department ...
Bruce Caswell, president and CEO of Maximus, has been named a recipient of Wash100 Award for 2022, the fourth consecutive year he appears on Executive Mosaic’s annual list of leaders who shape the government contracting landscape from all public and private sector angles. Executive Mosaic CEO Jim Garrettson noted Caswell’s selection to the W...
