NASA has awarded Intuitive Machines, Lunar Outpost and Venturi Astrolab positions on a potential $4.6 billion contract to develop a lunar terrain vehicle for the space agency’s Artemis moon exploration program. The agency said Wednesday it plans to procure the LTV as a service from industry through the Lunar Terrain Vehicle Services program, a mil...
Alexandria, Virginia-headquartered small business Edgesource has acquired Newbrook Solutions, a Chantilly, Virginia-based provider of software development services to defense and intelligence agencies. Newbrook brings a team of security-cleared experts in service management, software engineering, process engineering and systems engineering and techn...
McLean, Virginia-based Iridium Communications (Nasdaq: IRDM) has closed its purchase of Satelles and launched a satellite-based time and location service as part of its portfolio of offerings. The Iridium Satellite Time and Location service works indoors and is designed to safeguard GPS and other Global Navigation Satellite Systems-reliant platforms...
Fabian Plath, formerly senior vice president of growth at federal systems integrator Tyto Athene, has been named chief growth officer at Tria Federal, a provider of information technology and advisory services to the federal government. He will support the development and implementation of the middle-market government contractor’s vision and g...
New York-based private equity firm OceanSound Partners has closed a single-asset continuation fund worth approximately $1.15 billion in connection with the divestment of its portfolio company, SMX Group. Apollo S3 serves as the lead investor in the continuation fund, which will provide incremental capital and enable OceanSound to support SMX’s acq...
General Electric‘s (NYSE: GE) aerospace business has started trading on the New York Stock Exchange as a separate entity under the ticker symbol “GE” following the completion of the spin-off of GE Vernova, which comprises the company’s energy businesses. GE Aerospace is headed by Chairman and CEO Lawrence Culp and has approxi...
The U.S. Army has released a draft request for proposals for the full and open segment of a follow-on indefinite-delivery/indefinite-quantity contract covering research and development capabilities to address the mission needs of the service branch’s Space and Missile Defense Command. The Design, Development, Demonstration and Integration II D...
In today’s digital world, staying at the forefront of cybersecurity practices is critical for national security. Continuous increases in both the number and variety of cyberattacks now characterize this domain, and the U.S. government has taken many steps to keep pace with this constantly transforming environment. Hear public and private sector cy...
General Dynamics‘ (NYSE: GD) information technology division will help U.S. Central Command modernize its enterprise IT infrastructure under a potential six-year, $922 million contract. The company said Thursday it will use artificial intelligence and machine learning tools to operationalize CENTCOM’s enterprise data to inform decision-m...
Executive Mosaic’s GovCon Index closed 0.41% higher to $4,963.08 to end the shortened week and March in the positive zone. The index, which tracks the stock performances of 30 major government contractors, also outperformed Wall Street’s major stock indexes for the week with a 1.69% gain. Despite Thursday’s subdued session, the S&P 500 ro...
