Rob Dao, a more than two-decade industry veteran, was appointed vice president of U.S. federal at Austin, Texas-headquartered cybersecurity technology company CrowdStrike (Nasdaq: CRWD), according to his LinkedIn announcement. Dao previously held the same post at vArmour and then at Tanium. Prior to those stints, he served as regional vice president...
Executive Mosaic’s GovCon Index inched lower Friday but the substantial gains in three of four trading sessions averted a fourth straight weekly loss. The index, which tracks the stock performances of 30 major government contractors, advanced 1.89% week-on-week to finish higher at $4,979.17. The S&P 500 (+0.6%) and Nasdaq Composite (+0.003%) h...
David Thompson, a retired U.S. Space Force general, has been elected to the board of trustees of The Aerospace Corp. In this capacity, he will share insights and provide guidance for Aerospace’s activities, particularly those related to the space enterprise, the nonprofit corporation said Thursday. “I’m thrilled to welcome Gen. Thompson to our...
Honeywell (Nasdaq: HON) has agreed to buy CAES from private equity firm Advent International in an all-cash deal valued at approximately $1.9 billion to expand its portfolio of defense technology platforms across ground, maritime, air and space domains. Charlotte, North Carolina-based Honeywell said Thursday it expects the acquisition to wrap up in ...
Data Link Solutions, a joint venture between BAE Systems and RTX (NYSE: RTX) subsidiary Collins Aerospace, has received a potential five-year, $999 million contract from the U.S. Navy to produce, retrofit and sustain Multifunctional Information Distribution System Joint Tactical Radio Systems terminals. The indefinite-delivery/indefinite-quantity co...
Northrop Grumman (NYSE: NOC) has secured a potential two-year, $189 million contract from the U.S. Air Force to provide Combat Air Forces Distributed Mission Operations services. The Department of Defense said Thursday the sole-source contract includes the development of a virtual environment designed to facilitate distributed training events, inclu...
Jon Hill, a retired U.S. Navy vice admiral and former director of the Missile Defense Agency, has been named vice president and general manager of the air dominance and strike weapons portfolio at Lockheed Martin‘s (NYSE: LMT) missiles and fire control division. “It is an honor to join the team that rapidly designs and builds...
The Defense Innovation Unit has begun the strategic allocation of its fiscal year 2024 budget worth approximately $983 million to advance its DIU 3.0 strategy aimed at accelerating and expanding the delivery of commercial technology platforms to warfighters. DIU said Thursday it will allocate its FY 2024 budget across four categories designed to acc...
Virtual Technologies Group has purchased information technology services provider Quotient to expand its suite of IT managed services for its client base and broaden its presence in the government contracting market. VTG said Thursday it made the acquisition using strategic capital from private investment firm Jacmel Partners. In addition to IT mana...
Peraton has won a position on the potential $1.4 billion Defense Enterprise HR Applications and Data Services blanket purchase agreement awarded by the Defense Manpower Data Center. The company said Wednesday the DEHRADS BPA covers support for DMDC in 25 task areas, including software development and sustainment, application rationalization and clou...
