2024 has seen a number of significant mergers and acquisitions in the government contracting sector. With organizations seeking to expand their portfolios, increase competitive advantage and break into new markets, M&A activity has transformed the industry. From aerospace and defense to cybersecurity and technology innovation, these deals are re...
The Senate voted 85-14 on Wednesday to pass a defense bill that would authorize $895.2 billion in fiscal year 2025 funding for national defense. The Senate Armed Services Committee said Wednesday the FY 2025 National Defense Authorization Act, or NDAA, would authorize $849.9 billion for the Department of Defense and $33.3 billion for the Department...
Amentum posted $8.4 billion in generally accepted accounting principles, or GAAP, revenues for fiscal year 2024 and reported $13.9 billion in FY 2024 pro forma revenues, reflecting a 4 percent year-over-year increase associated with new contract awards and growth on existing programs. In an earnings release published Monday, the Chantilly, Virginia-...
Guidehouse has appointed Shannon White, a partner at the consulting firm, as head of its defense and security segment, effective Jan. 1. The McLean, Virginia-based advisory firm said Monday Chris Clarke, a partner, will succeed White as head of Guidehouse’s homeland security and law enforcement practice while Bryan Miller, also a partner, will lea...
Kevin Youngquist was named vice president of sales for public sector at SoftBank Group-backed data security software firm Cohesity, the executive announced in a LinkedIn post Wednesday. Youngquist came to Cohesity from Veritas Technologies, which was acquired by the former to create the largest data protection software provider by market share. Read...
Ayar Labs has raised $155 million in a round of Series D financing led by Advent Global Opportunities and Light Street Capital. The San Jose, California-based company said Wednesday it will use the capital to support high-volume production of its in-package optical interconnects to help address the need for scalable artificial intelligence infrastru...
BAE Systems’ land and armaments business segment has received a U.S. Army contract worth approximately $656.2 million to produce M2A4 and M7A4 Bradley infantry fighting vehicles for the military branch. The Department of Defense said Wednesday Army Contracting Command at Detroit Arsenal in Michigan will obligate funds and determine work locations ...
A Textron business has secured a potential $106 million contract from the U.S. Navy for production and engineering support of Mine Sweeping Payload Delivery Systems. The company said Tuesday the award to Textron Systems is in support of Mine Countermeasure Mission Package, or MCMMP, PDS production, spares and engineering services. The MCMMP assists ...
Since Joseph Welch took on overseeing the U.S. Army’s DEVCOM C5ISR Center in 2021, he has been responsible for transforming the center’s science and technology portfolio by providing strategic organizational guidance. Welch will speak at the Potomac Officers Club’s 2025 Defense R&D Summit on Jan. 23. The event will feature ...
Parsons and V2X have established a joint venture, called Polar Science Alliance, to pursue the National Science Foundation’s potential $8 billion Antarctic Science and Engineering Support Contract, or ASESC. What Is ASESC? ASESC is a single-award, indefinite-delivery/indefinite-quantity contract meant to provide scientific research support ser...
