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The U.S. Navy has awarded $450 million in multiple award contract to nine Virginia-based construction services providers for for general construction work in the Hampton Roads area of operations. The contractors will support design-build and design-bid-build projects, including new construction, demolition, repair, alteration and renovation of build...
Mission Space Acquisition, a blank check company based in Cape Canaveral, Florida, intends to raise $100 million through an initial public offering, MarketWatch reported Thursday. The special purpose acquisition company disclosed its IPO plans in a Securities and Exchange Commission filing Wednesday. The newly incorporated SPAC in the Cayman Islands...
The U.S. Air Force has awarded General Atomics’ aeronautical systems business a potential $173.5 million contract to perform capability upgrades to four MQ-9A Reaper unmanned aerial vehicles and two ground control stations. The sole-source contract involves foreign military sales to the Netherlands and includes the delivery of spares, support equi...
George Wilson and Tom Weston, former executives of ECS Federal, have partnered with private equity firm Bluestone Investment Partners to invest and build a company dedicated to providing mission-critical technologies for federal government customers. Wilson and Weston intend to grow a company that offers technology products and capabilities to custo...
David Kubicki, senior manager of solution architects for the public sector at Palo Alto Networks (Nasdaq: PANW), said an ideal cloud security platform enables government agencies to address security requirements “while enabling them to expand for additional use cases as their cloud maturity increases.” “Adopting a platform designed with flexib...
Now a hot topic among both experts and casual users alike, generative artificial intelligence has made its mark on the world. Its recent explosion in popularity came along with the rise of ChatGPT, an OpenAI-developed chatbot that can generate text and images based on user prompts. Though the federal government has been experimenting with automation...
A BAE Systems business arm has secured a $459.8 million contract from the U.S. Army to provide hardware components for a multi-mode radio designed to provide line-of-sight and beyond-line-of-sight communications on aviation platforms. BAE Systems Information and Electronic Systems Integration will also perform repair services and technical, engineer...
The U.S. Space Force has unveiled a new strategy detailing how the service branch will enhance its capability development processes and foster commercial partnerships to improve the country’s competitive advantage. The military branch said Wednesday it will implement the Commercial Space Strategy through four lines of effort: collaborative tra...
Blue Delta Capital Partners, a federal government market-focused venture capital firm, has invested in Herrick Technology Laboratories, a provider of software-defined radio, electronic warfare and signals intelligence products for the Department of Defense. Acie Vickers, CEO and co-founder of HTL, said in a statement published Wednesday the $25 mill...
The U.S. Marine Corps has awarded AeroVironment (Nasdaq: AVAV), Anduril Industries and Teledyne FLIR positions on a potential eight-year, $249 million contract to build, test, support and deliver a non-developmental item loitering munition system designed to provide dismounted Marines in the infantry rifle squad with precision strike capability agai...
