Mobix Labs (Nasdaq: MOBX) has offered to acquire EMCORE (Nasdaq: EMKR), a provider of inertial sensors and systems for land, sea, air and space applications in the aerospace and defense market. The Irvine, California-headquartered fabless semiconductor company said Monday its all cash proposed offer is $3.80 per share, representing a more than 200 p...
Business aviation broadband connectivity provider Gogo (Nasdaq: GOGO) has signed a definitive agreement to acquire in-flight connectivity company Satcom Direct for $375 million in cash. Gogo said Monday the transaction, which is expected to be completed before the end of 2024, will expand its footprint in the business aviation market and provi...
Executive Mosaic’s GovCon Index closed 0.43% higher at $5,366.84 on Friday for another winning week. The index, which tracks the stock performances of 30 major government contractors, had the same pattern in the last three weeks: three daily gains and two daily losses. Besides the 1.38% advance for the week, GCI is now up 14.96%...
The Department of Veterans Affairs has awarded General Dynamics Information Technology a potential five-year, $230.9 million contract to provide information technology support services for VA-designated executives, executive assistants and other end users. According to an award notice published Thursday on the Federal Procurement Data System, VA’s...
Government technology company Raft has appointed four military leaders to its newly established federal advisory board to provide guidance and insights as it pursues growth and expands in the U.S. defense and national security sector. Raft said Thursday the federal advisory board members will provide strategic counsel, establish new partnerships and...
U.S. government representatives have been largely bullish, at least publicly, about the benefits of artificial intelligence, particularly generative AI, while also acknowledging its risks and misuses. In order to try and organize and set up parameters for its use, the Office of Management and Budget issued a memo requiring agencies to put gover...
James Milam was elevated to the role of senior vice president of business development operations at CACI International (NYSE: CACI), the executive announced on LinkedIn Thursday. He will oversee a multidisciplinary team focused on capture management, proposal management, strategic pricing, price-to-win, government-wide acquisition contract...
A Dell Technologies (NYSE: DELL) subsidiary has won a Department of Defense contract worth approximately $794.6 million to provide Adobe Enterprise software licenses, related upgrades, modernization and maintenance support services for users across DOD. DOD said Thursday the Defense Information Technology Contracting Organization at Scott Air Force ...
Tiffanny Gates, operating partner at Capitol Meridian Partners and former CEO of Novetta, was appointed chairman of the board of directors of Clarity Innovations. The company said Thursday Gates is responsible for providing Clarity leadership with advice on strategic growth, product development and merger integration. Gates’ career includes ti...
The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $422.2 million contract valued to provide logistics, sustainment, project management and engineering services in support of the Czech Republic’s F-35 Joint Strike Fighter program. Work on the foreign military sale will be performed in undisclosed locations within and outside the con...
