Shareholders at Viasat (Nasdaq: VSAT) approved the company’s proposed acquisition of Inmarsat that is expected to conclude in the second half of 2022, pending regulatory clearances and other customary closing conditions. Richard Baldridge, president and CEO of Viasat, said in a statement released Tuesday the approval by Viasat shareholders marks t...
In today’s increasingly online world, government agencies are harnessing the power of digitization and cyber capabilities to push modernization. Now, more and more critical government systems, infrastructure and operations are online — but are these components protected? Chuck Brooks, president of Brooks Consulting International and a member of ...
Leonardo DRS and Israel-based RADA Electronic Industries (Nasdaq: RADA) have agreed to merge in an all-stock transaction to form a public company focused on providing advanced sensing and force protection systems in the defense market. The boards of directors of both companies approved the deal and both parties expect to close the transaction in the...
Software startup Epsilon3 has secured $15 million in a round of Series A financing led by Lux Capital and will use the investment to expand its line of space project management platforms, SpaceNews reported Monday. Epsilon3 offers a web-based platform that offers collaboration tools customized for spacecraft manufacturing and operations and seeks to...
A Fincantieri subsidiary has secured a $536.9 million contract modification from the U.S. Navy to design and build the third ship in the Constellation class of guided-missile frigates. The Department of Defense said Thursday Fincantieri Marinette Marine will also provide digital environment support for the future USS Chesapeake (FFG 64) in addition ...
Lockheed Martin has received a pair of contract options worth $130.5 million combined to produce an additional eight simulators for the U.S. Air Force‘s Advanced Radar Threat System Variant 2 program. The award represents the third and fourth options on the ARTS-V2 development and test contract, which has a cumulative face value of $589.8 mill...
Quantum Computing Inc. (Nasdaq: QUBT) has closed its acquisition of QPhoton as part of efforts to launch and extend its full-stack quantum systems to government defense and security, fraud detection, underwriting and supply chain markets. QCI said Thursday it will combine its Qatalyst computational software with QPhoton’s quantum photonic system u...
Shareholders at Vectrus (NYSE: VEC) approved Wednesday the company’s proposed combination with Vertex and both parties expect the transaction to close in the third quarter of 2022. The combined entity will adopt the name V2X and trade on the New York Stock Exchange under the ticker symbol “VVX” upon the deal’s closing, Vertex said Wednes...
Spectral Energies has won an eight-year, $184.3 million contract to conduct studies for the turbine engine division under the Air Force Research Laboratory’s aerospace systems directorate. The Department of Defense said Wednesday the company will aim to advance propulsion technology for DOD platforms through the Innovative Combustion and Propu...
The U.S. Air Force has released a request for proposals for the second iteration of a potential five-year, $1 billion contract vehicle to build and update test and evaluation systems for munitions, spectrum improvements, electronic combat and C5ISR platforms. Test and Evaluation Technologies for Ranges, Armaments and Spectrum II is a multiple-award,...
