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 ...
Accenture’s (NYSE: ACN) federal services arm has agreed to acquire analytics company Novetta from global investment firm The Carlyle Group (Nasdaq: CG) for an undisclosed sum as part of efforts to expand its artificial intelligence, cloud and cyber capabilities in support of missions of defense, intelligence and law enforcement agency clients. Acc...
Unanet has rolled out a customer relationship management product designed to help government contractors gain insight into business opportunities and prepare proposals based on market intelligence data. The CRM for GovCon technology offers industry users access to project information from the GovTribe market research platform such as active solicita...
Cybersecurity Maturity Model Certification (CMMC) is required for any potential government contractor to win contracts from the Department of Defense (DOD). The federal government requires cybersecurity certification to protect crucial information technology (IT) assets against hacking from hostile actors and mismanagement due to poor IT system prac...
President Joe Biden has unveiled a $715 billion budget request for the Department of Defense for fiscal year 2022, which reflects a 1.6 percent rise from the FY 2021 enacted amount of approximately $703.7 billion. The proposed defense budget proposal includes $27.7 billion in funds for nuclear modernization efforts, including $3 billion for B-21 Lon...
