The U.S. Army has awarded General Electric (NYSE: GE) a potential five-year, $1.13 billion contract to provide T700 series turbine engines for the service branch. The Department of Defense said Wednesday Army Contracting Command at Redstone Arsenal in Alabama is the contracting activity and received one offer for the firm-fixed-price contract throug...
Everfox, formerly Forcepoint Federal, has agreed to acquire London-based Garrison Technology in a transaction that expands its portfolio of cybersecurity platforms designed to help government and enterprise customers protect their digital infrastructure. Herndon, Virginia-based Everfox said Wednesday it expects the acquisition to close in the summer...
Blue Delta Capital Members has appointed industry executives Letitia Long, Lisa Disbrow and Anne Altman as members of the growth stage venture capital firm’s advisory board. “Their unparalleled expertise and leadership in both government and private sectors will bring invaluable insights to our portfolio companies,” Blue Delta said Wednesd...
An RTX (NYSE: RTX) subsidiary has received a $506.7 million contract to build three instruments and provide related services for NASA’s next-generation satellite constellation for land observation. Raytheon will perform design, engineering analyses, fabrication, testing, delivery and support services for the Landsat Next instruments that will ...
Tyto Athene has appointed John Coleman, former President of Peraton’s citizen security and public services sector, as chief operating officer, and named Michael Polmar, formerly chief growth officer at Bart & Associates, as CGO. Coleman will oversee Tyto’s business operations and guide strategic initiatives across the enterprise, while P...
Timothy Yost, an industry executive with nearly three decades of financial leadership and strategic expertise, has joined BlueVoyant as chief financial officer. The company said Tuesday Yost will be responsible for developing and executing BlueVoyant’s financial and strategic plans to help guide its strategy and growth. Prior to joining BlueVo...
Medical device manufacturer Arthrex has received a five-year, $471 million contract from the Defense Logistics Agency to deliver orthopedic procedural packages and supplies to military and government customers. The DLA Troop Support in Pennsylvania awarded the indefinite-delivery/indefinite-quantity contract on a sole source basis and will fund the ...
Accenture (NYSE: ACN) has promoted executives Angie Park, Karthik Narain and Bhaskar Ghosh to senior leadership positions in a string of leadership appointments. The company said Tuesday Park, head of business and commercial finance at Accenture, will succeed the retiring KC McClure as chief financial officer, effective Dec. 1, and join the global m...
Drone technology provider Red Cat Holdings (Nasdaq: RCAT) has signed a letter of intent to acquire FlightWave Aerospace Systems to expand its portfolio of unmanned aerial system offerings for intelligence, surveillance and reconnaissance operations. FlightWave will bring its Edge 130 Blue military-grade tricopter for long-range inspection, mapping, ...
A report by financial services company Raymond James (NYSE: RJF) indicates that 79 mergers and acquisitions occurred in the defense and government market during the second quarter of 2024, a 6.7 percent increase from the prior-year period. The June report was issued by Raymond James’ defense and government investment banking team, where 2024 W...
