The U.S. Army has awarded BAE Systems‘ land and armaments business a $113.1 million contract modification to procure modernized units of the Bradley Fighting Vehicle. BAE will provide M2A4 and M7A4 ground armored vehicles to the service branch, the Department of Defense said Wednesday. The Army used its fiscal 2022 and 2023 procurement funds f...
Scout Space has acquired Free Space, a startup that developed satellite autonomy software concepts, as both companies aim to establish a presence in the government market. Free Space CEO Gil Valdes and Executive Chairman Vin Bisceglia will join Scout as vice president of government programs and VP of growth, respectively, Scout said Thursday. Founde...
The Defense Advanced Research Projects Agency has selected a team led by Intel‘s (Nasdaq: INTC) research arm to develop a tactical-grade clock with microsecond precision for positioning, navigation and timing. Intel Labs will work with the University of Pennsylvania, Carnegie Mellon University and IS4S to create a size, weight and power-optimi...
Forward Slope, a technology services company backed by Dallas-based private equity firm Trive Capital, has acquired Soar Technology in a transaction that allows it to expand its client base and core competencies in the defense and national security markets. SoarTech helps the Department of Defense meet mission requirements by developing artificial i...
Patriot Contract Services has won a potential five-year, $303.6 million contract to help the U.S. Navy’s Military Sealift Command operate and maintain two large, medium-speed, roll-on/roll-off vessels. The service branch obligated an initial $20.3 million for support work on USNS Seay and USNS Pililaau, the Department of Defense said Tuesday. ...
Owl Cyber Defense, a DC Capital Partners portfolio company, has acquired Big Bad Wolf Security in a deal aimed at accelerating Owl’s expansion into the government cloud market. Financial terms of the transaction were not disclosed and Owl said Tuesday it will add BBWS’ cloud security and cross-domain solutions to the parent company’...
A subsidiary of BAE Systems‘ U.S. business arm will provide software development and maintenance, technical support and fleet services under a $91.5 million contract from the U.S. Navy. BAE Systems Technology Solutions and Services was tapped to deliver system and subsystem support services to the Navy, Marine Corps, Military Sealift Command, ...
NVIDIA (Nasdaq: NVDA) posted a record revenue of $13.51 billion during the second quarter of its 2024 fiscal year, reflecting a 101 percent hike from the prior-year period and an 88 percent increase from the previous quarter. The Santal Clara, California-based company said Wednesday it returned $3.38 billion to shareholders in the form of cash...
Parsons (NYSE: PSN) has purchased Sealing Technologies for approximately $200 million in a transaction that expands its defensive cyber capabilities, broadens its client base across the Department of Defense and Intelligence Community and strengthens its presence as a cybersecurity company in the national security market. Established in 2012, Sealin...
Information technology consulting company Techne has secured a $1.8 million contract to help the U.S. Coast Guard’s acquisition directorate create performance management data sets for its business intelligence system. USCG announced the firm-fixed-price award in a notice posted Tuesday on SAM.gov and reserved the prior solicitation process for...
