BAE Systems has secured the regulatory clearances needed to acquire Ball’s (NYSE: BALL) aerospace business and is set to implement measures to close the transaction in the coming days. In August, BAE agreed to buy Ball Aerospace for approximately $5.55 billion as part of the British defense contractor’s efforts to accelerate its space market str...
Parsons has reported that its fourth-quarter revenue in fiscal year 2023 increased 35 percent year-over-year to $1.5 billion and full-year revenue jumped 30 percent to $5.4 billion. The company attributed the Q4 revenue growth to organic growth of 34 percent and $20 million from acquisitions during the period, according to an earnings statement publ...
The Department of Homeland Security’s Federal Emergency Management Agency has started soliciting information on potential vendors that could provide operations and maintenance, requirements gathering and related support services for the Risk Mapping, Assessment and Planning Information Technology program. FEMA intends to award a potential five-yea...
California-based cybersecurity company Armis has purchased Cyber Threat Cognitive Intelligence as part of efforts to expand its platform’s capability to provide early warning cyber intelligence for government organizations and enterprises. Armis said Wednesday it expects the merger to occur in the next 30 days and will integrate CTCI’s artificia...
BlueHalo has agreed to buy Eqlipse Technologies for an undisclosed sum to create a combined entity focused on delivering capabilities in the areas of space, counter-unmanned autonomous systems, cyber and electronic warfare and artificial intelligence to Department of Defense and Intelligence Community customers. Both parties expect the transaction t...
Jeffrey Prang, former portfolio manager at System High, has been named vice president of business operations at the Chantilly Virginia-based protection and security engineering services provider. He brings over two decades of program and project management, systems engineering and intelligence analysis experience to his new role, which entails overs...
Sigma Defense Systems, a Sagewind Capital company, has acquired defense information technology engineering provider Juno Technologies. The deal advances Sigma Defense’s strategy to expand its data analytics offerings to the Department of Defense and other customers, the company said Tuesday. As a result of the acquisition, Sigma Defense will h...
Leidos (NYSE: LDOS) has revealed its fourth quarter and full year 2023 results and financial guidance for the following year. In the three and 12 months ending Dec. 29, 2023, revenue increased 8 percent and 7 percent year-over-year to $4 billion and $15.4 billion, respectively. For fiscal 2024, the revenue guidance is between $15.7 billion...
The First Responder Network Authority and AT&T (NYSE: T) have unveiled a 10-year, $8 billion initiative to further develop and expand FirstNet, the country’s public safety broadband network. The FirstNet Authority intends to make an investment of $6.3 billion through its contract with AT&T with plans to invest $2 billion more to support co...
ManTech‘s Advanced Systems subsidiary has secured a five-year, $43.9 million indefinite-delivery/indefinite-quantity contract to provide force structure support services to the U.S. Army. The contractor will develop, modify, maintain and operate multiple model and simulation tools and associated databases to help the service branch analyze mul...
