QuantiTech, a portfolio company of private equity firm Sagewind Capital, has rebranded as Axient to reflect its combined capabilities in multidomain test and analysis, digital engineering, mission engineering and operations, advanced technologies and other areas in support of the missions of defense and civilian agency clients. The rebrand includes ...
Honeywell International (NYSE: HON) has agreed to merge its quantum solutions business with Cambridge Quantum Computing into a new company that will focus on offering software and hardware products to support computation requirements in areas such as cybersecurity, finance and material science. Charlotte, North Carolina-based Honeywell said Tuesday ...
Airbus‘ U.S. space and defense business arm will continue providing logistics support services for the U.S. Army’s UH-72 Lakota light utility helicopters under a one-year, $119.8 million contract modification. Work in Grand Prairie, Texas, will be extended through June 30, 2022, and the Army Contracting Command will fund the work extensi...
Astra has agreed to acquire Apollo Fusion for approximately $145 million as part of efforts to expand its space launch services to medium-Earth, geosynchronous and lunar orbits. “In addition to increasing Astra’s total addressable market for launch services, the acquisition of Apollo Fusion accelerates Astra’s ability to efficiently deliver an...
BigBear.ai has agreed to merge with special purpose acquisition company GigCapital4 (Nasdaq: GIG) in a deal that will take the Columbia, Maryland-based data analytics company public with an enterprise value of approximately $1.57 billion. Both parties expect to complete the transaction in the third quarter of 2021 and Reggie Brothers, CEO of BigBear...
Oshkosh’s (NYSE: OSK) defense arm has won a potential six-year, $942.9 million contract from the U.S. Army to build and deploy a medium caliber weapon system for the Stryker armored fighting vehicle. Army Contracting Command received three offers for the cost-plus-fixed-fee, firm-fixed-price contract and expects work to conclude on June 2, 2027, t...
General Dynamics‘ (NYSE: GD) mission systems business has secured a $72.8 million contract with the U.S. Navy to retrofit 10 unmanned underwater vehicles designed to provide countermeasures against mine threats. The company said Thursday it will modify five systems of the Block 0 Knifefish surface mine countermeasure UUV, which would then be m...
GovCon Expert Chuck Brooks, a highly esteemed leader to the cybersecurity and government contracting (GovCon) sectors as well as an influential member of Executive Mosaic’s GovCon Expert program, has released his latest article with the program. Previously, Brooks summarized the most significant trends in cyber that are impacting the federal lands...
During GovCon Wire Events’ AI: Innovation in National Security Forum, the most important private and public sector leaders will discuss how emerging artificial intelligence (AI) technology is radically transforming the national security space. AI has already become an integral element of national security goals, priorities and overall strategy. De...
Versar, a program management business supporting federal government and commercial clients and a portfolio company of private investment firm Kingswood Capital Management, has purchased BayFirst Solutions for an undisclosed sum as part of portfolio expansion initiative across the information technology and intelligence service areas. “We look ...
