The State Department has approved the request of the Taipei Economic and Cultural Representative Office in the U.S. to procure Altius 600M-V unmanned aerial vehicles and related equipment for approximately $300 million. The possible foreign military sale to Taiwan includes 291 Altius 600M-V systems, Altius 600 inert training UAVs, Pneumatic Integrat...
Astronics (Nasdaq: ATRO) will manufacture and deliver radio test set TS-4549/T to the U.S. Army under a five-year, $215.5 million firm-fixed-price contract. The technology company said Monday it will also perform program management and engineering to support the operational readiness of radio communication devices of the Army. Under the contract, As...
Blue Origin, CACI International (NYSE: CACI), General Atomics and Viasat (Nasdaq: VSAT) have received contracts from Space Systems Command to design and build space laser communication terminal prototypes. The contractors will prototype size, weight, power and cost-optimized optical communications terminals designed for space under the first phase o...
Executive Mosaic’s GovCon Index dropped 0.42% to $4,886.91 on June 14, ending lower before the weekend and losing 1.34% overall week-on-week. The index, which tracks the stock performances of 30 major government contractors, has never posted a winning week since May 31. Meanwhile, the Nasdaq Composite (+3.2%) and S&P 500 (+1.6%) had significan...
Adarga, a London-based artificial intelligence software company, has acquired U.S. strategic risk intelligence firm J2X Solutions in a transaction that expands its portfolio of information intelligence capabilities and drives growth in the U.S. market. J2X is a veteran-owned consulting firm that employs a team of former military officers, intelligen...
The Department of the Air Force has begun seeking feedback on a draft performance work statement of a potential five-year contract to provide advisory and assistance services to the Space Systems Command Contracting Directorate’s front office and staff divisions. The A&AS contract has a one-year base period with four option years and cover...
John Ofenloch, former operating partner at multi-strategy investment firm Satori Capital, has joined private equity firm AE Industrial Partners as president of the AE Shoals Manufacturing and Technology Center. In this capacity, Ofenloch will help accelerate AE Shoals’ occupancy, drive its campus expansion efforts and oversee the aerospace and...
The U.S. Space Force has awarded Blue Origin, SpaceX and United Launch Alliance spots on a potential 10-year, $5.6 billion contract to provide launch services as part of the third phase of the National Security Space Launch program. The Department of Defense said Thursday the multiple-award, indefinite-delivery/indefinite-quantity contract is for La...
Culmen International has appointed Chief Financial Officer Myron Thomas as president and John Fallon, vice president of corporate operations, as chief operating officer. The company announced the leadership moves in a LinkedIn post published Wednesday. Thomas will continue to serve as CFO and assume additional responsibilities as president, overseei...
Merlin Labs has agreed to acquire EpiSys Science, a provider of tactical artificial intelligence software, in a move to expand the autonomous flight technology developer’s multidomain autonomy offerings for the defense market. EpiSci offers its Tactical AI platform for various Department of Defense initiatives including the AFWERX Autonomy Pri...
