Dallas-based private equity firm Trive Capital has acquired Hypergiant Industries, an artificial intelligence-based software provider, for an undisclosed sum as part of efforts to complement its portfolio company Forward Slope. Hypergiant CEO Mike Betzer will continue to oversee the AI defense platform company, according to a joint release published...
Deltek has finalized its purchase of time tracking platforms provider Replicon in a transaction that allows it to add the latter’s knowledge workforce management platform and expand its portfolio of information, professional services and enterprise software offerings for project-based organizations. Herndon, Virginia-based Deltek said Tuesday ...
The Department of Health and Human Services is investing more than $1.4 billion in developing next-generation vaccines and therapeutics against COVID-19. The funds are part of the government’s $5 billion Project NextGen initiative to enable the rapid development of longer-lasting COVID-19 vaccines, a new antibody therapy and technologies to ad...
Potomac Officers Club, the premier organization that specializes in gathering high-profile speakers and collaborative colleagues for government contracting industry events, is excited to announce its upcoming 2023 Healthcare Summit. This highly relevant, informative day of programming will tap into the most important things happening in the healthc...
Sixteen companies will continue to compete for individual orders to deliver information technology products and related incidental services to defense and federal civilian agencies under a U.S. Army firm-fixed-price contract worth $2.5 billion over two and half years. All 16 awardees hold prime positions on the Army’s Information Technology En...
Semiconductor company Broadcom (Nasdaq: AVGO) has received final clearance from the U.K. government to acquire multicloud services provider VMware (NYSE: VMW) and expects to close the transaction by the end of October. Broadcom said Monday it is in the advanced phases of the process of securing the remaining regulatory approvals before Oct. 30. In M...
Dewey Jones, former vice president and federal market business line leader at AECOM (NYSE: ACM), has joined Michael Baker International as national market lead of federal civilian programs. He brings three decades of industry experience to Michael Baker International and will oversee client relationships in the federal civilian sector, the engi...
The State Department has approved Australia’s request to procure up to 22 M142 High Mobility Artillery Rocket System launchers and related equipment from the U.S. government under a potential $975 million foreign military sale agreement. The proposed FMS transaction includes unitary and alternative warhead missile pods for the Guided Multiple ...
BAE Systems has agreed to acquire Ball’s (NYSE: BALL) aerospace business for approximately $5.55 billion as part of efforts to accelerate the British defense contractor’s space market strategy and expand its technology offerings for the U.S. government. “This marquee acquisition would advance our company’s position in some of the fastest...
The White House Office of Science and Technology Policy and the Office of Management and Budget have issued a memorandum outlining the current administration’s research and development priorities to guide federal agencies as they formulate their budget submissions for fiscal year 2025. One of the multiagency R&D priorities is advancing trustwo...
