Shareholders at blank check company Genesis Park Acquisition (NYSE: GNPK) approved Wednesday the proposed combination with Redwire, a space infrastructure company. Holders of approximately 73 percent of Genesis Park’s outstanding shares as of Aug. 2, or about 97 percent of the votes cast at the special meeting, voted in favor of the merger agreeme...
BlackSky Holdings, a Herndon, Virginia-based geospatial intelligence provider, has received an equity investment from Palantir Technologies (NYSE: PLTR) to enable it to meet the customers’ demand for global monitoring services and further expand its capabilities. BlackSky said Wednesday it will also broaden the delivery of deep analytics and high-...
The service division of Fairbanks Morse Defense has secured $230 million in contracts to help Military Sealift Command maintain various ship classes and to repair emergency diesel generators for U.S. Navy submarines. A potential five-year $170 million contract with MSC will include technical support for command platforms such as T-AKR vehicle cargo ...
The Space Development Agency has sought proposals from industry to design and build satellites for the first tranche of the National Defense Space Architecture’s transport layer. SDA expects the Tranche 1 Transport Layer to support warfighter missions worldwide by providing initial warfighting capability, global communications access and persisten...
Seven companies have landed spots on a potential 10-year, $238 million contract to help the U.S. Marine Corps sustain current and future training equipment for the Fleet Marine Forces. Marine Corps Systems Command received 14 offers for the Electronic and Communication Services indefinite-delivery/indefinite-quantity contract, which includes a $127....
Italy-based shipbuilding company Fincantieri is in early-stage discussions with Leonardo to buy the latter’s naval gun manufacturing business, Defense News reported Friday. An Italian newspaper initially reported the talks, which could lead to an agreement by the end of 2021. Leonardo’s naval gun business, formerly called Oto Melara, produces 12...
IronNet, a cybersecurity company founded by U.S. Army veteran Keith Alexander, has completed its merger with LGL Systems Acquisition Corp. after the latter’s stockholders approved the business combination at a special meeting Thursday. Both parties first announced the deal in mid-March and McLean, Virginia-based IronNet will start trading on t...
Chris Weggeman, a retired U.S. Air Force lieutenant general, has joined Deloitte’s government and public services practice as a managing director within the cyber and strategic risk portfolio. Weggeman’s “deep understanding of the cyber threat environment will help Deloitte maximize our cyber security services for clients in the public and pri...
VTG has purchased Manassas, Virginia-based undersea warfare and unmanned system developer ASSETT in a deal that brings artificial technology applications to the former’s portfolio of naval systems. Financial terms of the deal were not disclosed and the acquired company will function as a center of excellence for product development within the ...
Rocket Lab USA started trading Wednesday on Nasdaq under the ticker symbol “RKLB” after completing its merger with blank check company Vector Acquisition that was first announced in March. The transaction’s completion came days after shareholders at the Vector Capital-backed special purpose acquisition company approved the business combina...
