Boston-based J2 Ventures has secured $150 million for its new fund and will use the capital to further invest in technology and health care startups with products that could support military and government agency customers. The venture capital firm said Thursday the oversubscribed Argonne Fund attracted capital from financial institutions, including...
GovCon industry veterans Ron Fehlen and Jeff Schrader announced in separate LinkedIn posts that they have assumed new vice president roles within Lockheed Martin’s (NYSE: LMT) space business. Fehlen will serve as VP of mission architect for national security space at Lockheed Martin Space and Schrader will take on the role of VP of strategy...
The Department of the Air Force’s Office of the Chief Information Officer has released a new strategy that seeks to implement a zero trust approach as part of the DAF’s efforts to protect critical assets and strengthen its resilience against evolving cyberthreats. The DAF CIO announced the release of the Zero Trust Strategy in a...
Lockheed Martin (NYSE: LMT) has secured a potential $226.8 million contract from the U.S. Army to provide Army Tactical Missile System missiles and launching assemblies. The Department of Defense said Tuesday Army Contracting Command is the contracting activity. One offer was received for the hybrid contract through an online solicitation. Work will...
Thoma Bravo has acquired Everbridge, a Massachusetts-based critical event management and national public warning software provider, for approximately $1.8 billion, or $35.00 in cash per share. Everbridge will cease trading on the Nasdaq stock exchange as part of the deal, which secured approval from the company’s stockholders in late April, Th...
Cybersecurity company SIXGEN has acquired Secure Enterprise Engineering as part of a push to expand its software offerings, client relationships and technical talent needed to accelerate the delivery of cyber capabilities to digital warfighters in support of national security missions. SIXGEN said Tuesday it expects the acquisition to expand its sof...
The U.S. Air Force has awarded Sierra Nevada Corp. a $400 million indefinite-delivery/indefinite-quantity contract to provide airborne mission networking system kits for the service branch’s MC-130 aircraft fleet. Sierra Nevada will also perform contractor logistics support, engineering services, program management and field service representa...
Bob Marion, a retired U.S. Army lieutenant general, has been named senior vice president and corporate strategic adviser at CACI International (NYSE: CACI). He will advise the CACI leadership team on addressing critical industry and acquisition issues to help drive growth for the company’s national security business, the Reston, Virginia-based...
Amentum has appointed Nathan Rutledge, a finance executive with deep experience in building relationships with the investment community, as senior vice president and head of investor relations. In this capacity, Rutledge will oversee the company’s financial performance, business model and long-term strategy and all investor relations activities re...
Changeis has won a $103 million award for the second iteration of the Air Traffic Organization technical analysis and program support contract from the Federal Aviation Administration. The contractor said Tuesday it will provide ATO directorates with a range of technical analysis, planning and management support to help them deliver FAA mission. Ser...
