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First Advantage (Nasdaq: FA) has acquired biometrics technology provider Infinite ID for $41 million in cash to expand its network and identity verification offerings for U.S. customers. Hicksville, New York-headquartered Infinite ID is a portfolio company of private investment firm Enlightenment Capital and is expected to generate over $10 million ...
General Dynamics’ (NYSE: GD) ordnance and tactical systems unit and Norwegian defense company Nammo’s Florida-based business arm have won spots on a five-year, $488.7 million contract from the U.S. Army to produce red bag charges used for firing in Howitzers containing M185 and M199 cannon tubes. Orders under the fixed-price-incentive contr...
Science Applications International Corp. (NYSE: SAIC) posted $247 million in net income for the second quarter of its 2024 fiscal year, up 234 percent from the prior-year period. SAIC said Thursday revenue for the quarter ended Aug. 4, 2023, fell 3 percent from the prior year period to $1.78 billion, an activity the company attributed...
Saab has acquired Silicon Valley, California-headquartered artificial intelligence company CrowdAI in a move to expand its portfolio with AI and machine learning capabilities. Devaki Raj Under the deal, future operations of the acquired company will primarily occur in San Diego, California, and Devaki Raj, CEO and co-founder of CrowdAI, will join Sa...
Silvus Technologies has appointed to the role of chief operating officer Gorik Hossepian, former vice president and general manager of medium unmanned aircraft systems at AeroVironment (Nasdaq: AVAV). Hossepian is a 40-year veteran of the aerospace and defense industry, serving in companies such as Northrop Grumman (NYSE: NOC), Boeing (NYSE: B...
Boeing (NYSE: BA) has received a $474.5 million contract from the U.S. Air Force to enhance the electronic warfare capabilities of the main interceptor of the Japanese air force. The company will install a new radar called the Eagle Passive Warning Survivability System to the F-15 Eagle aircraft as part of the Japanese Super Interceptor upgrade...
Serco‘s U.S. arm has secured a potential six-year, $125 million recompete contract to help the Naval Systems Engineering and Logistics Directorate design and engineer naval ships and associated systems. Serco Inc. said Thursday it will support combatant ship integration efforts for the U.S. Navy’s surface ships, boats, autonomous vehicle...
The U.S. Special Operations Command has added $161 million to the ceiling of a multiple-award contract vehicle through which three companies offer intelligence, surveillance and reconnaissance platforms and support services. Barbaricum, iGov and NexTech Solutions hold spots on the indefinite-delivery/indefinite-quantity Targeted Requirement Executio...
Adam Lurie, managing partner at Lurie Investments, was named CEO of Knexus Research, an artificial intelligence and machine learning company recently bought by the venture capital firm. The acquisition is aimed at advancing Knexus’ ability to meet increasing government customer demands for AI capabilities and to support business growth, the Na...
The U.S. Army Engineering and Support Center in Huntsville has released a draft solicitation for a potential 10-year, $3 billion multiple-award task order contract to provide energy and water conservation services at federal facilities. The fourth iteration of the Energy Savings Performance Contracts vehicle will cover services to help federal agenc...
