Raytheon Technologies (NYSE: RTX) has been awarded a $99.5 million contract option to manufacture long-range strike missiles for the U.S. Navy’s over-the-horizon ship defense requirement. The company’s missiles and defense business will produce the OTH Weapon System, which includes a launching mechanism and a fire control suite, under th...
DC Capital Partners Management has made an investment in Valkyrie Enterprises and will combine the latter with the private equity firm’s portfolio company Hill Technical Solutions. Valkyrie has over 700 engineers, industry specialists and technical professionals who provide support to diplomatic and security missions at the Department of Defen...
Sigma Defense has acquired Sub U Systems for an undisclosed sum to expand technology offerings intended for tactical networking and communications. The combined company plans to offer a common hardware platform with software applications that support intelligence, surveillance and reconnaissance relay, analytics, artificial intelligence and edge com...
Dave Dacquino, chairman and CEO of Serco Inc., recently spoke with GovCon Wire regarding how his team and the rest of the company’s workforce have driven success in such a competitive sector as well as how Serco is driving value for its workforce and its customers. In addition, the two-time Wash100 Award winner also discussed Serco’s most si...
Lockheed Martin (NYSE: LMT) and Raytheon Technologies‘ (NYSE: RTX) Javelin Joint Venture received a pair of contracts worth potentially $309 million combined from the U.S. Army to produce anti-tank weapon systems. The partnership could manufacture more than 1,300 Javelin missiles with appropriations under the Ukraine Supplemental Appropriation...
Carlyle Group (Nasdaq: CG) is preparing to buy ManTech International (Nasdaq: MANT) and an acquisition of the Herndon, Virginia-based government services contractor by the global investment firm could be worth $4 billion, Bloomberg reported Sunday. Friday’s closing price for ManTech stock was $81.97, which gave the company a market value of $3...
Wireless infrastructure provider Mobilitie has acquired broadband company Signal Point Systems for an undisclosed amount in a move to bring connectivity services to U.S. military installations and other Department of Defense facilities. Mobilitie said Thursday it will integrate operations of the two companies to continue providing broadband communic...
President Joe Biden has nominated Maj. Gen. Michael Schmidt to serve as director of the Joint Strike Fighter Program Office in Arlington, Virginia. The Department of Defense said Thursday that Schmidt will receive a promotion to the rank of lieutenant general along with his new assignment. He is currently serving as program executive officer for...
Cardinal Health and Owens & Minor have received separate contract modifications potentially worth $3.38 billion combined from the Defense Logistics Agency to continue providing medical-surgical products to military and federal civilian customers. DLA exercised the second 30-month option period of indefinite-delivery/indefinite-quantity contracts...
LookingGlass Cyber Solutions has agreed to acquire business intelligence and strategic advisory firm Next5 for an undisclosed sum as part of efforts to pursue growth, expand its line of cybersecurity platforms and support its customers in navigating cyberthreats and meeting their missions. Bryan Ware, founder and CEO of Next5, will serve as CEO of L...
