The Missile Defense Agency has awarded Northrop Grumman $540.9 million in funding to support the company’s development of the Glide Phase Interceptor, a technology to detect and intercept hypersonic weapons. Work on the weapon countermeasure platform will be performed in Chandler, Arizona, until November 2029, the Department of Defense said Wednes...
Lynx Software Technologies, a portfolio company of private equity firm OceanSound Partners, has acquired Core Avionics & Industrial, a provider of development tools, software libraries and deployable software packages for secured graphics processing unit-based computing. In a statement published Wednesday, Lynx CEO Tim Reed said the company is e...
GovCon Wire sat down with QinetiQ U.S. President and CEO Shawn Purvis, a four-time Wash100 Award winner, to discuss the company’s remarkable transformation over the past three years, recent strategic hires and its expanding technology portfolio. Here’s what she told us in her Executive Spotlight interview: GovCon Wire: You̵...
The last few decades have seen a steady uptick in autonomous defense systems like unmanned aircraft, ground vehicles and drones. But Russia’s invasion of Ukraine and the resultant ongoing conflict has put these tools on the world stage as a central focus. While Russia implements Iranian drones to prey upon Ukrainian energy production, Ukraine exec...
Kongsberg Defence and Aerospace has secured a $960.8 million firm-fixed-price contract from the U.S. Navy to provide the service branch with Naval Strike Missiles over a five-year period. The Naval Sea Systems Command said Tuesday the Over the Horizon – Weapons System NSM will help boost coastline defense, deterrence and interoperability as well a...
Godspeed Capital Management, a lower middle-market private equity firm focused on defense and government offerings, has announced the successful final close of Godspeed Capital Fund III at its hard cap. The firm said Monday that Fund III was oversubscribed, with existing as well as new investors showing strong support. Strong Investor Support for Fu...
The Department of Defense has awarded Verizon a 24-month task order extension to continue providing critical communications capabilities to the U.S. government under the Global Network Solutions program. The original GNS contract awarded in 2016 now has a cumulative amount of over $98 million, Verizon said Monday. The extension aims to create ...
By Heinz Pfriemer, Global Head of Defense and Security at SAP Gartner in May reported that half of organizations expect to use artificial intelligence in contracting by 2027. The 101 procurement leaders surveyed anticipated a productivity boost of more than 20 percent within 18 months of doing so. That generated a buzz in the procurement...
Tampa, Florida-based Repkon USA has secured a $435 million contract to design, construct and commission a production facility for trinitrotoluene, or TNT, in Graham, Kentucky, for the U.S. Army. The five-year, sole-source contract is aimed at reestablishing domestic production of the chemical compound needed for manufacturing ammunition, such ...
Newly formed aerospace manufacturing holding company Velocity One has agreed to merge with EMCORE, a provider of inertial navigation solutions to the aerospace and defense industry. EMCORE said Friday the cash transaction with a purchase price of $3.10 per share was cleared by its board of directors and will see the company become a wholly...
