The U.S. Navy has awarded eight companies contract options worth $1.86 billion combined to continue providing professional management and technical services in support of the military branch’s cyberspace operation systems and capabilities. The award exercises the second option year of a previously awarded indefinite-delivery/indefinite-quantit...
V2X (NYSE: VVX) delivered strong first quarter 2024 results, evidenced by revenue growth, a quarterly profit and a significant backlog. The company said Tuesday it will also capitalize on several opportunities as it continues to transform and deliver enhanced capabilities in an ever-growing market. Chuck Prow, president and CEO of V2X and a 2024 Was...
Tom Vecchiolla, a retired U.S. Navy pilot, a defense industry veteran and a previous Wash100 awardee, has joined the SSA board of directors of the U.K.-based defense technology company QinetiQ‘s U.S. arm. In July 2020, the QinetiQ SSA board was formed after QinetiQ Group signed a special security agreement with the Defense Counterintelligence ...
ICF (Nasdaq: ICFI) has received a potential five-year, $236 million follow-on contract from the U.S. Agency for International Development’s Bureau for Global Health to continue to support the Demographic and Health Surveys Program. Under the recompete contract, ICF said Tuesday it will continue to help participating countries improve their capacit...
Special Aerospace Services, a portfolio company of private equity firm Godspeed Capital Management, has acquired Quintron Systems for an undisclosed sum to expand its communications technology capabilities for NASA, the Department of Defense and commercial space customers and broaden its footprint in the defense and space markets. Godspeed said Tues...
Airbus has acquired robotic aircraft manufacturer Aerovel and its Flexrotor vertical takeoff and landing unmanned aerial system in a transaction aimed at expanding the former’s tactical UAS product portfolio. The financial terms of the transaction were not disclosed and Airbus said Wednesday that Aerovel will continue to design and produce the...
Chad Ho, a veteran legal professional at publicly traded companies, will assume the position of executive vice president and chief legal officer at Lumen Technologies (NYSE: LUMN) in June. He will succeed Stacey Goff, a 26-year Lumen executive who has led legal and public policy functions, the technology company said Monday. After Ho’s appoint...
Axon (Nasdaq: AXON) has agreed to acquire airspace security systems provider Dedrone for an undisclosed sum as part of efforts to accelerate the use of drones as first responders and help national security and public safety entities protect against threats posed by unmanned aircraft systems. The acquisition is expected to be completed in the second...
The U.S. Navy has awarded seven companies spots on a potential 10-year, $2.67 billion recompete contract to provide wireless mobility devices and related services for military personnel and federal civilian employees stationed within the country and U.S. territories. The Department of Defense said Friday the firm-fixed-price, indefinite-delivery/ind...
Executive Mosaic’s GovCon Index started May with a modest gain and stayed positive in the subsequent two sessions. On Friday, the index, which tracks the stock performances of 30 major government contractors, advanced 0.58% to $4,923.43 for a 0.89% week-on-week gain. Major US stock indexes ended strong on weaker jobs data, leading to weekly gain...
