High Point Aerotechnologies, a portfolio company of private investment firm Highlander Partners, has acquired Flex Force Enterprises for an undisclosed amount as part of a push to expand its portfolio of counter-unmanned aircraft systems and broaden its footprint in the drone security market. Portland, Oregon-based Flex Force is the maker of the Dro...
Peraton‘s space and intelligence business segment received over $1.2 billion in contract awards in 2023 to support various classified government programs. The company said Tuesday the contracts encompass mission support in areas such as space ground systems, space domain awareness, satellite ground stations, cyber and signals analysis, forensi...
Jim Fritz, a business development and technology industry leader, has joined SRI International as senior vice president of federal and strategic program development. He announced the move in a LinkedIn post published Tuesday. In this capacity, Fritz will oversee strategy and business development for the California-based nonprofit research and develo...
Rocket Lab USA (Nasdaq: RKLB) will receive $120 million in equipment financing from Trinity Capital (Nasdaq: TRIN), a provider of venture debt financing to venture capital-backed companies. The new debt facility will be used to support Rocket Lab’s expansion plans and finance the procurement of testing equipment and development of additional m...
Robin Braun, a technology executive with over two decades of industry experience, has been named vice president of artificial intelligence and data strategy at Government Acquisitions, Inc. She will lead the development and delivery of advanced AI and data analytics technologies tailored to government customers’ mission requirements and help d...
The U.S. Army Corps of Engineers is soliciting letters of interest from companies that can build a cybersecurity operations facility at Fort Meade in Maryland. The service branch on Tuesday issued a sources sought notice for a potential 36-month design-bid-build contract valued between $100 million and $250 million. The facility, which will house th...
Accenture Federal Services CEO John Goodman is being honored by Executive Mosaic for the seventh time with the 2024 Wash100 Award for his leadership of the company’s initiatives to help government agencies strengthen their information security infrastructure. Vote for Goodman as your favorite GovCon leader as part of the 2024 Wash100 popular vote ...
Executive Mosaic’s GovCon Index slipped 0.17% to $4,788.02 on Feb. 16, 2024, but it was enough for a 0.99% weekly gain. On the other hand, Wall Street’s three major indexes snapped their five-week winning streaks. The Dow Jones Industrial Average and S&P 500 lost 0.11% and 0.42% overall, while the Nasdaq shed 1.34% during the wild...
GlobalFoundries (Nasdaq: GFS) will receive a potential $1.5 billion investment from the Department of Commerce through the CHIPS and Science Act to build and expand new manufacturing capabilities to produce more semiconductor chips for automotive, defense, aerospace, artificial intelligence, internet of things and other applications. The company sai...
Iridium Communications (Nasdaq: IRDM) saw its engineering and support revenue increase 74 percent to $31.1 million during the fourth quarter of 2023, driven by a rise in U.S. government activity, and posted a record total revenue of $790.7 million for the full year, up 10 percent from the prior-year period. The McLean, Virginia-based satellite commu...
