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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 ...
The House on Thursday night turned down a stopgap spending measure backed by President-elect Donald Trump in a 174-235 vote, The Wall Street Journal reported. The revised legislation proposed funding the government through March 14, suspending the debt ceiling until January 2027 and providing more than $100 billion in funds for disaster relief and f...
Kristie Grinnell was appointed executive vice president and chief information officer at TD SYNNEX, effective Jan. 20. She came to TD SYNNEX after holding the CIO post at DXC Technology, the global distributor and aggregator for the IT ecosystem said Thursday. “Kristie brings a wealth of experience and a proven track record of transformational lea...
The Joint Program Executive Office for Chemical, Biological, Radiological and Nuclear Defense, or JPEO CBRND, through the General Services Administration, has started soliciting industry comments on its draft request for proposal regarding the procurement of commercially available CBRN items and equipment. JPEO CBRND Contract Scope According to...
Gladstone Investment and Proteus Enterprises have signed a definitive agreement to acquire Michigan-based engineering services and systems integration provider Ricardo Defense. The transaction is expected to close by the end of 2024, Gladstone Investment said Thursday. The companies did not disclose additional details about the sale, but Glads...
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...
The Professional Services Council has elected DLH President and CEO Zachary Parker, Amentum CEO John Heller and CGI Federal President Stephanie Mango as its board officers for 2025. PSC said Thursday Parker and Heller will continue to serve as the council’s board chair and vice chair, respectively, while Mango will continue as secretary. In ...
Textron’s Bell subsidiary has received a potential five-year, $557 million contract from the U.S. Navy to provide spares, repair and logistics support for rotors and drive components of the service branch’s H-1 light attack helicopter fleet. The Department of Defense said Thursday work will occur in Fort Worth, Texas, and Cherry Point, North Car...
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...
Northrop Grumman has won a U.S. Navy contract worth approximately $3.5 billion to provide mission-systems integration support for E-130J, the service branch’s new nuclear command, control and communications aircraft. The Navy said Wednesday E-130J will replace the E-6B Mercury aircraft in performing the take charge and move out, or TACAMO, mission...
