PsiQuantum has appointed Victor Peng, former president of Advanced Micro Devices, as interim CEO to lead the company’s shift toward large-scale deployment of its utility-scale quantum systems while a search for a permanent CEO is underway. Peng will succeed co-founder Jeremy O’Brien, who will transition to executive chairman to lead the ...
By Light Professional IT Services, a Sagewind Capital portfolio company, has acquired Dignitas Technologies for an undisclosed amount. STS Advisors and Shuffield Lowman advised Dignitas on the transaction, while Goodwin Procter and Morrison Foerster served as legal counsel to By Light, the company said Tuesday. Why Did By Light Acquire Dignitas? The...
American Systems has secured a follow-on contract valued at $172.7 million to continue supporting the Naval Surface Warfare Center Indian Head Division’s Demonstration and Assessment Team. The award includes a one-year base period and four one-year options, the company said Tuesday. This latest contract award demonstrates the Navy’s comm...
Peerless Technologies has appointed defense and intelligence community veteran Brent Gerity as president of its newly acquired subsidiary QED Systems. In a LinkedIn post on Tuesday, the company said Gerity will oversee QED’s next phase of growth while maintaining continuity in program execution, strengthening customer relationships and support...
TechnoMile will resell pWin.ai’s artificial intelligence-powered proposal platform to government contractors, including those in the aerospace and defense sectors, under a partnership announced Tuesday. In a press release sent to GovCon Wire, TechnoMile said the platform will be integrated into its Growth Suite to provide a unified, end-to-end...
Iron Legion JV, a joint venture tied to General Dynamics Information Technology and service-disabled veteran-owned small business Legion Systems, has won a $265.2 million indefinite-delivery/indefinite-quantity contract to provide intelligence support services for U.S. Special Operations Command. The cost-plus-fixed-fee and cost-reimbursable award i...
HII reported $12.5 billion in 2025 revenue, an 8.2 percent increase over the prior year, fueled by surging shipbuilding volume at its Ingalls and Newport News yards. The company said Thursday diluted earnings per share rose 10.2 percent year-over-year to $15.39, while free cash flow increased to $800 million, up from $40 million in 2024....
President Donald Trump has introduced a new website designed to provide patients with access to discounted prices on certain high-cost prescription drugs in the U.S. As the current administration rolls out TrumpRx.gov and highlights new efforts to reduce prescription drug costs, federal healthcare policy continues to evolve rapidly for both industry...
Karman Space & Defense has acquired Seemann Composites and MSC, positioning the company as a provider of multi-domain subsystems for space and defense initiatives. How Does the Acquisition Reshape Karman’s Portfolio? The Huntington Beach, California-based company said Thursday the acquisition, announced in January, combines Seema...
Lockheed Martin has received a $249 million indefinite-delivery/indefinite-quantity contract from the U.S. Navy to support the Surface Electronic Warfare Improvement Program, or SEWIP, Block II, a system designed to counter anti-ship missile threats. Don’t miss the Potomac Officers Club’s 2026 Navy Summit on Aug. 27. Hear direc...
