TransDigm Group (NYSE: TDG) has finalized its acquisition of Raptor Scientific for approximately $655 million in cash. The Cleveland, Ohio-based aircraft component supplier said Wednesday Raptor Scientific, a portfolio company of L Squared Capital Partners, is a global manufacturer of test and measurement products for aerospace and defense end marke...
CGI’s (NYSE: GIB) U.S. government arm has agreed to acquire Aeyon to expand its portfolio of technology offerings and relationships with U.S. military agencies and other critical national security customers. CGI Federal said Tuesday both parties expect the transaction to conclude in the fourth quarter of fiscal year 2024, pending regulatory cleara...
Leidos (NYDE: LDOS) has elevated Ron Keesing to the role of chief artificial intelligence officer, responsible for driving strategic company initiatives focused on developing and delivering AI products and services to customers. The chief AI officer has more than two decades of experience in AI, machine learning and analytics, and formerly served as...
Parsons (NYSE: PSN) has agreed to buy BlackSignal Technologies for approximately $200 million to broaden its cybersecurity, artificial intelligence and electronic warfare capabilities and its client base across the Department of Defense and Intelligence Community. Chantilly, Virginia-based Parsons said Tuesday it expects the transaction to be comple...
The U.S. Air Force has awarded 67 companies positions on a potential nine-year, $975 million contract to help the Air Force Rapid Sustainment Office optimize the operational readiness of deployed weapon systems. The Department of Defense said Tuesday the 771st Enterprise Sourcing Squadron at Wright-Patterson Air Force Base in Ohio received 68 offers...
The General Services Administration has released the list of 1,383 awardees under the small business set-aside track of the One Acquisition Solution for Integrated Services Plus contract program. GSA said Tuesday it plans to issue formal awards and notices to proceed for the OASIS+ Small Business contract by mid-August. Under the total small busines...
Kash Shaikh, former president, CEO and board of directors member at Virtana, has assumed similar roles at Securonix. As company president and CEO, Shaikh will draw from his more than three decades of experience in overseeing organizational modernization and developing technology for worldwide entities to advance Securonix’...
James Imanian, senior director of the U.S. Federal Technology Office at CyberArk (Nasdaq: CYBR), said government agencies looking to implement a zero trust architecture should understand the importance of privileged access management and its key role in such an approach. In an article published on Carahsoft.com, Imanian noted that privileged access...
Executive Mosaic’s GovCon Index ended the week slightly lower at $5,181.95 (-0.03%) after posting record closes on Monday, Tuesday and Thursday. Also, the index, which tracks the stock performances of 30 major government contractors, gained 2.53% week-on-week, the highest weekly gain since its launch in December 2023. The three major US stock inde...
Eleven companies were selected by the U.S. Navy for the procurement of machinery and systems services for naval vessels and land-based sites. The Department of Defense said Thursday the vendors secured spots on the indefinite-delivery/indefinite-quantity contract with a combined value of $496.1 million. The contract covers the procurement of h...
