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...
Zapata AI, an industrial generative artificial intelligence software company, is set to begin trading on Monday, April 1, on Nasdaq after it completed its merger with special purpose acquisition company Andretti Acquisition (NYSE: WNNR). The combined entity will operate as Zapata AI and list its common stock and warrants on Nasdaq using the ticker s...
The Department of Energy has awarded 14 companies positions on a potential 10-year, $900 million follow-on contract to support the development, management, maintenance and operation of energy data collection programs and systems. The fifth iteration of the Energy Information Administration Omnibus Procurement vehicle also covers the development, mai...
Bill Luebke, formerly principal accounting officer, senior vice president and controller at Peraton, has been named chief financial officer at Agile Defense, succeeding Daniel Yuly, who will transition into a new role at the company. Luebke will be responsible for overseeing the overall financial management and strategy functions at Agile Defense an...
BAE Systems has secured a five-year, $318 million contract to help the U.S. Army sustain its fleet of self-propelled howitzers and carrier, ammunition, tracked vehicles. The company said Wednesday it will provide engineering and logistics services to deliver new capabilities, maintenance and testing for the Army’s M109A6 and A7 howitzers and t...
