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SAIC will consolidate its five current business groups into three as part of an organizational restructuring intended to simplify operations, strengthen customer focus and drive growth and shareholder value. The company said Thursday the new structure will take effect Jan. 31. SAIC is one of the sponsors of the Potomac Officers Club’s 2026 Def...
CHAOS Industries has raised $510 million in new funding to expand development and manufacturing of its sensing and timing technologies for defense applications. The round was led by Valor Equity Partners, with participation from existing investors 8VC and Accel, valuing the company at $4.5 billion, CHAOS said Thursday. The latest raise brings CHAOS&...
Lockheed Martin has received a $453.9 million contract modification from the U.S. Air Force for the Mk21A Reentry Vehicle program. The Department of Defense said Thursday the modification increases the total cumulative value of the contract from $1.03 billion to approximately $1.48 billion. Work on the program is slated to be carried out in King...
Babel Street has appointed Rob Lalumondier as chief revenue officer, adding a senior leader with experience in cybersecurity and threat intelligence as the company expands across the public sector, national security and commercial markets. In his new role, Lalumondier will oversee global revenue strategy, sales, channel operations and customer growt...
Shareholders at identity security company CyberArk have approved Palo Alto Networks’ proposed acquisition offer. Cyberthreats are escalating, and government data has become the new frontline of international conflict. Don’t miss your chance to join the conversation at the Potomac Officers Club’s 2026 Cyber Summit on May 21. Connect...
The $25 billion provided for the U.S. Coast Guard in the One Big Beautiful Bill Act is the largest investment in the service’s history, Homeland Security Secretary Kristi Noem told a packed ballroom on Wednesday during her keynote address at the Potomac Officers Club’s 2025 Homeland Security Summit. Noem, who received two standing ovat...
BAE Systems has been awarded a potential $139.1 million contract by the U.S. Naval Sea Systems Command, or NAVSEA, to deliver maintenance, modernization and repair services for the USS Forrest Sherman (DDG 98). What Is the Scope of the USS Forrest Sherman FY26 DMP Contract? According to the award notice posted Wednesday on SAM.gov, BAE Systems&...
Akima subsidiary Pinnacle Solutions has received a potential $369 million delivery order from the U.S. Air Force to design, develop and deliver the T-7A Maintenance Training System, or MTS. Akima said Wednesday the Training Systems Acquisition IV, or TSA IV, delivery order has a performance period of seven and a half years, if all options...
Forterra has secured $238 million in Series C equity and debt financing to expand its autonomous mission systems for defense and logistics applications. Moore Strategic Ventures led the funding round with new investors Salesforce Ventures, Franklin Templeton, Balyasny Asset Management, 645 Ventures, Hanwha Asset Management, 9Yards Capital and NightD...
Maximus has appointed Mike Keefe as chief growth officer for federal services. Keefe will oversee growth strategy, business development and capture management spanning the civilian, health, defense and national security sectors, Maximus said Wednesday. Utilizing more than 20 years of experience in analytics, program leadership and sales, he wil...
