Assets in global cryptocurrency funds rose from $24 billion in 2020 to $63 billion in 2021, Bloomberg reported Tuesday. Bloomberg Intelligence data shows that the number of investment vehicles tracking cryptocurrency globally climbed to 80 in 2021, up from 35 the previous year. “Globally, it’s obviously a phenomenon that’s starting to take off...
Eve, an urban air mobility platforms provider established by Embraer, has agreed to merge with blank check company Zanite Acquisition (Nasdaq: ZNTE) in a transaction that would take the former public and give the combined entity a pro forma equity value of $2.9 billion. The boards of directors of Embraer and Zanite have unanimously approved...
Nonprofit public service research corporation Analytic Services has acquired InTec, a service-disabled veteran-owned company that offers technical and management services to the federal government. ANSER said Thursday it made the acquisition to add systems engineering and integration, mission assurance, program management and intelligence operations...
The U.S. Air Force has awarded an $88.3 million contract to General Dynamics‘ (NYSE: GD) ordnance and tactical systems business to produce cannon guns for the F-16 weapon system. The AF Life Cycle Management Center will obligate $7.85 million in foreign military sales funds for the initial order of 20mm M61A1 Vulcan artillery from General...
President Joe Biden intends to nominate Frank Calvelli, a senior vice president at Booz Allen Hamilton (NYSE: BAH), to be assistant secretary of the Air Force for space acquisition. Calvelli has 34 years of intelligence community experience that includes service at the National Reconnaissance Office, the White House said Wednesday. He worked as NRO&...
NuScale Power has agreed to merge with blank check company Spring Valley Acquisition (NASDAQ: SV) in a transaction that would take the Fluor-backed (NYSE: FLR) company public and help commercialize its small modular reactor technology. Fluor said Tuesday it has invested over $600 million in NuScale since 2011 and expects to own about 60 percent...
Vikram Manikonda, an industry veteran with more than 20 years of experience in the government contracting industry, has been appointed chief technology officer of BlueHalo, effective Jan. 1. BlueHalo said Wednesday Manikonda spent more than two decades at the company’s technology innovation subsidiary Intelligent Automation Inc., where he most rec...
Michael Saylor, CEO of software company MicroStrategy (Nasdaq: MSTR), will give his perspective on the trends shaping the future of cryptocurrency during a fireside chat session at the Potomac Officers Club’s upcoming Digital Currency and National Security Forum. He co-founded MicroStrategy in 1989 with the goal of helping enterprises gain act...
Six companies have secured contracts worth potentially $40 million combined to help NASA’s Ames Research Center develop rotorcraft vertical lift technologies. Tasks under the five-year hybrid contracts are scheduled to commence on Tuesday and will continue through Dec. 20, 2026, the space agency said Wednesday. Contractors will provide resourc...
The U.S. Army has kicked off solicitations for a potential $93.6 million contract to acquire digital night vision technology as the service branch aims to transition to networked digital sensing. The Army said Wednesday in a SAM.gov notice it wants an open-architecture DNVT that combines night vision devices with sensors to support situational aware...
