The Defense Intelligence Agency awarded Groundswell, previously Collabralink Technologies, a 10-year, $205 million contract to replace its human capital management platform with a novel automated system. The indefinite-delivery/indefinite-quantity contract was granted to Groundswell out of six competitive offers received by the agency, according to ...
McLean, Virginia-based Iridium Communications (Nasdaq: IRDM) has agreed to purchase Satelles for approximately $115 million as part of efforts to expand its portfolio of assured positioning navigation and timing services. Satelles is a Reston, Virginia-based provider of satellite-based time and location services that work to complement and safeguard...
Rob Lalumondier, a more than 20-year federal sales executive, has taken on the role of vice president for the Americas enterprise and public sector at cybersecurity company Sophos. He announced the move in a LinkedIn post published Monday. Lalumondier most recently served as VP of federal business at Sophos, where he leveraged his cybersecurity expe...
Hanford Tank Waste Operations & Closure, a limited liability company formed by BWX Technologies (NYSE: BWXT), Amentum and Fluor (NYSE: FLR), has won a 10-year, $45 billion contract from the Department of Energy to manage tank waste at Hanford Site in Washington state. The award marks the second time H2C won the Hanford Integrated Tank...
Executive Mosaic’s GovCon Index slipped 0.15% to $4,844.11 to begin March but still managed to eke out a slim 0.1% week-on-week gain. The index that tracks the performance of 30 major publicly traded companies in the government contracting industry never had a losing week since January 26. Wall Street achieved several milestones before the weekend...
Boeing (NYSE: BA) has secured a five-year, $680.1 million indefinite-delivery/indefinite-quantity contract from the U.S. Navy to provide software and hardware enhancement services for the F/A-18E/F Super Hornet and EA-18G Growler aircraft of the service branch and the Royal Australian Air Force. Under the contract, the Department of Defense said Th...
Alexandria, Virginia-based aftermarket services provider VSE (Nasdaq: VSEC) has agreed to acquire Turbine Controls Inc. for approximately $120 million as part of efforts to expand its original equipment manufacturer authorized repair capabilities and presence in the aviation maintenance, repair and overhaul services market. TCI’s “divers...
Joint Technical Solutions, a joint venture between Astrion and AI Signal Research Inc., has secured a five-year, $910 million contract to provide test and engineering services for the U.S. Army’s Redstone Test Center. JTS will provide test and evaluation support in areas such as missile and aviation to ensure the safety of new combat weapon...
The board of directors of General Electric (NYSE: GE) has cleared the planned spinoff of its portfolio of energy businesses, which will operate under the name GE Vernova, and expects the new independent entity to kick off trading on the New York Stock Exchange on April 2 using the ticker symbol “GEV.” In July 2022,...
Congress passed a short-term stopgap measure Thursday to prevent a partial government shutdown at the end of the week and give lawmakers time to finalize a full-year spending bill, NBC News reported Friday. The continuing resolution passed both the House and Senate, on 320-99 and 77-13 votes, as part of a bipartisan spending deal covering...
