The U.S. Marine Corps and Naval Information Warfare Center Pacific will set up a technology lab in late January to allow engineers and other experts to develop prototypes into scalable, deployable 5G networks to support warfighters operating in denied and contested environments, USNI News reported Tuesday. “We want a lab that can answer questions ...
The State Department has approved Egypt’s three foreign military sales requests worth approximately $5.3 billion combined for Abrams tank refurbishment, Hellfire AGM-114R missiles, Advanced Precision Kill Weapon Systems, or APKWS, and related equipment and support services. The Defense Security Cooperation Agency said Friday it has already not...
South Korea-based Hanwha Systems and Hanwha Ocean have closed their acquisition of U.S. shipbuilder Philly Shipyard for approximately $100 million to expand its footprint in the U.S. market for defense growth and commercial shipbuilding. David Kim, most recently executive vice president for Hanwha Defense USA, has been appointed CEO of the acquired ...
Raytheon has booked a $282.3 million contract from the U.S. Air Force for Small Diameter Bomb Increment II, GBU-53/B Production Lot 11. The Department of Defense said Thursday the RTX company will provide up rounds and containers for the StormBreaker munition. Production will be conducted at Raytheon’s facility in Tucson, Arizona. The con...
IT consulting firm Trace3 has acquired Zivaro for an undisclosed sum as part of a push to expand its government, public sector and critical infrastructure capabilities. Trace3 said Thursday the transaction will create a new business vertical called Trace3 Government and that it expects full integration to occur in the second quarter of 2025. The...
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...
