StandardAero, a portfolio company of global investment firm Carlyle (Nasdaq: CG), has acquired Aero Turbine from Los Angeles-based private equity firm Gallant Capital, for an undisclosed sum as part of a push to expand its maintenance, repair and overhaul capabilities. Established in 1978, Aero Turbine provides MRO services and consultative repair a...
Executive Mosaic’s GovCon Index had a weak start in August, evidenced by losses in the first seven trading days. Still, the index tracking the stock performances of 30 major government contractors recovered from the slump to register a second straight winning week this month. After alternating between gains and losses during the week and...
The Internal Revenue Service has awarded six companies positions on a potential five-year, $300 million blanket purchase agreement to provide non-information technology consulting support services for the agency’s wage and investment division. According to award notices published Thursday in the Federal Procurement Data System, the awardees ar...
Tanium, a converged endpoint management technology provider, has named Andy Nick as senior vice president of U.S. federal, according to the executive’s LinkedIn announcement. Nick brings to Tanium over eight years of leadership experience at Microsoft (Nasdaq: MSFT). His most recent role was managing director responsible for promoting the comp...
The State Department gave the green light for a potential $405 million foreign military sale to the government of Norway of Advanced Medium Range Air-to-Air Missiles–Extended Range and related equipment. The Defense Security Cooperation Agency said Thursday the possible deal, which will have RTX (NYSE: RTX) as the principal con...
Sierra Nevada has received a potential 12-year, $991.3 million contract from the U.S. Army to serve as the lead systems integrator for the military branch’s High Accuracy Detection and Exploitation System. The Army said Thursday that HADES is the service’s future long-range aircraft that will support aerial intelligence, surveillance and rec...
Second Front Systems has appointed technology industry executive Josh Bosquez as chief technology officer and Jason Weiss, former chief software officer at the Department of Defense, as CTO for the public sector. The software company said Thursday Bosquez succeeds Enrique Oti, who will transition to the role of chief strategy officer to advance stra...
NASA has added three companies to the potential $300 million Venture-Class Acquisition of Dedicated and Rideshare contract to provide space launch services for future agency missions. The space agency said Thursday Arrow Science and Technology, Impulse Space and Momentus Space were selected as part of the on-ramp process to the VADR indefinite-deliv...
The State Department has approved Romania’s request to purchase AIM-120 Advanced Medium Range Air-to-Air Missiles and related equipment. The Defense Security Cooperation Agency said Thursday it has notified Congress of the possible $592 million foreign military sale, under which RTX (NYSE: RTX) will serve as the principal contractor.&nbs...
The U.S. Space Force’s innovation arm has selected nine small companies as contract awardees under the Program Year 2024.2 Strategic Funding Increase initiative to help move their defense technologies from the developmental phase to full production and deployment. The PY24.2 cohort for the SpaceWERX STRATFI program accounts for $146 million in...
