BAE Systems has secured a three-year, $97.3 million contract modification to produce additional M109A7 self-propelled howitzers for the U.S. Army. The company will also continue to supply the service branch with M992A3 carrier, ammunition, tracked vehicles, the Department of Defense said Friday. BAE’s howitzer platform is designed to provide i...
The Department of Defense is ramping up its modernization efforts with critical funding boosts and newly created senior executive roles to match the speed of rapid global developments and combat urgent pacing challenges. Defense spending for fiscal year 2022 has increased by five percent from the previous fiscal year’s defense policy measure. In D...
Six large and small businesses have secured positions on a pair of contracts worth $977.4 million combined, to help the U.S. Navy maintain non-nuclear surface combatant and amphibious vessels that are visiting or stationed in the Norfolk, Virginia, port. Naval Sea Systems Command is procuring modernization, repair and maintenance services for six sh...
Rear Adm. Bruce Gillingham, surgeon general of the U.S. Navy, will keynote an upcoming Potomac Officers Club event to set the stage for a discussion of the country’s pandemic response and resilience initiatives. Gillingham was confirmed to the post in October 2019 and is dual-hatted as chief of the Navy Bureau of Medicine and Surgery....
Triman Industries, a portfolio company of AE Industrial Partners, has purchased Brighton Cromwell and Crestwood Technology Group for an undisclosed sum as part of a push to create a combined entity focused on military aftermarket distribution and supply chain management. The combined company will have approximately 200 employees and over 10 offices ...
Concept Plus has acquired US Information Technologies in an effort to expand its information technology offerings for the defense and federal civilian markets with complementary capabilities from the Chantilly, Virginia-based IT consultancy. The Fairfax-headquartered small business and its new subsidiary will provide agile development, application t...
Kevin Plexico, senior vice president for information solutions at Deltek and a 2021 Wash100 Award recipient, published his latest article as a part of Executive Mosaic’s GovCon Expert program on Wednesday. Previously, GovCon Expert Kevin Plexico discussed the major improvements that government contractors and their respective organizations have ma...
Trexon, a specialty connectivity equipment supplier backed by Audax Private Equity, has acquired tactical communications technology provider Power Connector Inc. for an undisclosed sum. Ohio-based Trexon said Tuesday the deal expands the company’s engineered products group with the addition of PCI’s interconnect systems designed for mili...
Centene (NYSE: CNC) has secured all required regulatory clearances to complete its acquisition of Magellan Health (Nasdaq: MGLN) and both parties expect the transaction to close on Jan. 4, Tuesday. “Our combined company will have expanded reach in a variety of specialty services and will provide increased access to behavioral health care during a ...
Virgin Orbit is set to kick off trading Thursday, Dec. 30, on Nasdaq after it completed its merger with blank check company NextGen Acquisition Corp. II (Nasdaq: NGCA). Shareholders at special purpose acquisition company NextGen approved the business combination on Tuesday and the combined entity will operate as Virgin Orbit Holdings and list its co...
