During Potomac Officers Club’s Trusted Workforce Forum, elite private and public sector executives will discuss the future of Trusted Workforce 2.0, major initiatives and policies to accommodate future technology-driven Trusted Workforce capabilities and how private industry can assist with reducing the security clearance backlog. William Lietza...
Duluth, Georgia-based special purpose acquisition company Spartacus (Nasdaq: TMTS) and geolocation technology provider Nextnav have entered into a merger agreement that would take the latter public and bring its potential market capitalization to $1.2 billion. The boards of directors for both companies gave unanimous approval of the transaction, wit...
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...
