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...
The U.S. Army is currently undergoing a sweeping modernization effort to upgrade its reservoir of capabilities. While technology itself is a key piece of this movement, so are acquisition and production, and the service branch is exploring ways to transform acquisition processes. According to Young Bang, principal deputy assistant secretary of the ...
A limited liability company formed by a BWX Technologies (NYSE: BWXT) subsidiary, Fluor (NYSE: FLR), SOC and Texas A&M University System has won a potential 20-year contract from the Department of Energy’s National Nuclear Security Administration to manage and operate the Pantex Plant in Amarillo, Texas. NNSA said Thursday the contract awa...
Eight companies have secured spots on a potential $3 billion multiple-award contract to construct and repair facilities within Naval Facilities Engineering Systems Command’s Southwest area of responsibility. The contractors will support the construction, repair and renovation of commercial and government facilities at various naval bases under the...
