Military radar testing company Giga-tronics has agreed to acquire Gresham Worldwide, a BitNile Holdings subsidiary that manufactures electronic systems for defense applications, as part of a share exchange agreement. Giga said Tuesday it will combine its operations with Gresham to form an independent public company that will offer radio frequency an...
A Bechtel subsidiary will continue to manufacture naval nuclear propulsion components for the U.S. Navy under a pair of contract modifications worth $872 million combined. Naval Sea Systems Command will obligate to Bechtel Plant Machinery Inc. the full amount of the first award totaling nearly $622 million, the Department of Defense said Monday. The...
Castellum has signed a letter of intent to buy an East Coast-based government contractor with an annual revenue of $4 million. Castellum said Monday it expects the transaction to close in the first quarter of calendar year 2022, subject to the execution of a definitive purchase agreement, due diligence and other customary closing conditions. Mark...
Austal’s U.S. subsidiary has won a new contract to create a baseline design and conduct trade studies in support of the U.S. Navy’s Next Generation Logistics Ship program. Austal USA said it will act as the prime contractor for a new class of medium vessels intended to help the Navy equip naval assets such as...
TTEC Holdings (Nasdaq: TTEC) has agreed to buy citizen experience and smart city assets of ALJ Regional Holdings’ (Nasdaq: ALJJ) subsidiary Faneuil for an undisclosed sum. TTEC said Wednesday it expects the transaction to conclude in the first quarter of 2022, subject to the Federal Trade Commission’s competition clearance process and other cust...
The Potomac Officers Club hosted its Air Force IT Modernization and Digital Transformation Forum last Wednesday which joined elite U.S. Air Force and private sector leaders in spirited discussion on the critical modernization initiatives driving the Air Force’s current priorities, strategies and focus areas as the ongoing digitization of...
Dana Barnes, senior vice president of Palo Alto Networks’ Public Sector and 2021 Wash100 Award winner, has published his first article as a part of Executive Mosaic’s GovCon Expert program on Wednesday In his first piece, GovCon Expert Dana Barnes provided a breakdown of the four pillars for federal agencies to create a common foundation...
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...
