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Bill Cull, a 25-year public sector sales leader, has been named vice president of federal at Austin, Texas-based cybercrime analytics company SpyCloud. In this capacity, he will oversee SpyCloud’s growth strategy, build up the company’s government client base and channel program with system integrators, value-added resellers and distributors and...
Leonardo DRS (Nasdaq: DRS) has secured a $134 million order to deliver to the U.S. Army its next-generation thermal weapon sights designed to provide warfighters with infrared imagery during target acquisition and engagement operations. The company said Monday the Family of Weapon Sights – Individual works to wirelessly transmit thermal imagery to...
IBM (NYSE: IBM) has launched a $500 million venture fund intended for artificial intelligence-focused early-stage and hyper-growth startups. The company said Tuesday IBM Enterprise AI Venture Fund will support the advancement of generative AI technology and research while expanding the company’s AI partnership ecosystem. The investment is...
Stellant Systems, a portfolio company of Arlington Capital Partners, has completed its acquisition of Comtech Telecommunications‘ (Nasdaq: CMTL) power systems technology product line. Comtech’s net cash proceeds from the transaction amount to approximately $32.5 million, which were partly used to pay down outstanding debt on its existing...
Kratos Defense and Security Solutions (Nasdaq: KTOS) has won a potential $579 million contract to help the U.S. Space Force sustain a unified command and control capability for military satellite communications. The indefinite-delivery/indefinite-quantity contract covers sustainment and post-production development services for the Command-and-Contro...
KBR (NYSE: KBR) delivered a strong and well-rounded performance in Q3 2023, and its president and CEO, Stuart Bradie, described the nine percent all organic at the revenue line as a terrific performance. In the three months that ended Sept. 29, 2023, revenue increased to $1.77 billion from $1.62 billion in Q3 2022. The provider...
Iron Mountain (NYSE: IRM) has agreed to acquire information technology asset disposition services provider Regency Technologies for approximately $200 million as part of efforts to expand its IT asset remarketing and recycling capabilities. “This strategic transaction represents a significant milestone in our efforts to strengthen Iron Mountain’...
Leidos (NYSE: LDOS) has announced key leadership changes and realigned its operating groups into five sectors, effective Jan. 1, as part of efforts to execute its long-term strategy and drive innovation. Gerry Fasano, president of Leidos’ defense group and a four-time Wash100 awardee, will transition to the role of chief growth officer with oversi...
As the world embraces artificial intelligence, more and more federal agencies are looking at areas in which the technology could make operations more efficient and effective. The Defense Contract Management Agency, which provides contract administration services for the Department of Defense, is one such organization moving toward AI adoption. ...
HII (NYSE: HII) released its recent financial results and achieved several milestones in the third quarter of 2023. In the three months that ended Sept. 30, 2023, total revenues during the quarter increased 7.2 percent to $2.81 billion versus Q3 2022, a new third-quarter record, while new contract awards hit $5.4 billion. The company said...
