Shield AI, which is developing an artificial intelligence pilot for aircraft, has secured $200 million in a round of Series F financing led by U.S. Innovative Technology Fund and co-led by Riot Ventures. ARK Invest, Disruptive and Snowpoint participated in the oversubscribed funding round, which brings Shield AI’s valuation to $2.7 billion. “Thi...
Redhorse, an Arlington, Virginia-based information technology services contractor, has acquired Allied Associates International for an undisclosed sum in a transaction that expands its cybersecurity intelligence offerings for national security customers. A2I’s current leadership team will continue to run the organization as a business unit within ...
Maxar Technologies appointed Dan Smoot as CEO of its intelligence business, taking over for interim chief executive Daniel Jablonsky. The company said Monday Smoot is the latest addition to Maxar Intelligence’s new leadership team, which includes CFO Mike Mohn, Chief Product Officer Scott Herman and Chief Human Resources Officer Anat Gan Eden....
The U.S. Space Force’s Space Systems Command is planning to award contracts worth approximately $20 billion in fiscal year 2024 for programs related to satellite communications and positioning, navigation and timing, a significant increase from the $1.6 billion awarded in FY 2023, DefenseNews reported Thursday. Cordell DeLaPena, SSC program ex...
Vertex Aerospace has secured a five-year, $458.2 million firm-fixed-price contract from the U.S. Navy to establish a new depot site for the F-5 Adversary aircraft, serving both the military branch and the Marine Corps. The indefinite-delivery/indefinite-quantity contract also calls for organizational, selected intermediate and limited depot lev...
RTX (NYSE: RTX) has agreed to sell its Raytheon’s cybersecurity, intelligence and services business to an undisclosed buyer for approximately $1.3 billion. The company announced the move in its third-quarter earnings report published Tuesday. Reuters reported that private equity firm Blackstone was the prospective purchaser of the business. The Ra...
2023 marks the 20th annual Cybersecurity Awareness Month, the U.S. federal government’s tradition of promoting careful cyber hygiene and ensuring protective precautions for digital assets. Established by the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency and a nonprofit, the National Cybersecurity Alliance, ev...
CACI International (NYSE: CACI) released its results for the three months that ended Sept. 30, highlighting a 15.2 percent year-over-year revenue growth to $1.85 billion during the first quarter of its fiscal year 2024. John Mengucci, president and CEO of CACI and a four-time Wash100 awardee, said in a statement published Wednesday, “The busin...
Lockheed Martin (NYSE: LMT) has secured a $364.3 million contract from the U.S. Navy to manufacture and deliver six MH-60R Seahawk helicopters to the Norwegian government. The Sikorsky-built aircraft will help Norway conduct search and rescue missions, perform coastal and offshore patrolling and support other maritime activities, Lockheed said Thurs...
John Avalos, chief growth officer at Arcfield since March, has been appointed chief operating officer at the Chantilly, Virginia-headquartered government and mission support services company. He will continue to manage growth and technology functions, provide operational oversight for the company’s three business sectors and help plan for futu...
