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Francisco Partners is reportedly selling a majority stake in Forcepoint’s government-focused cybersecurity unit to fellow private equity firm TPG (Nasdaq: TPG) for approximately $2.45 billion, The Wall Street Journal reported Sunday. The price of the deal between the two technology investment companies is more than double the amount Francisco ...
A General Dynamics (NYSE: GD) business will continue manufacturing M10 Booker combat vehicles for the U.S. Army under a $257.6 million contract modification. The service branch ordered 26 additional units of the vehicle formerly called Mobile Protected Firepower for its second low-rate initial production phase, the company said Thursday. General Dyn...
Thoma-Sea Marine Constructors has been awarded a $624.6 million contract to design and manufacture two ships for the National Oceanic and Atmospheric Administration’s research mission. The award resulted from a solicitation process from June to October last year and project funding will partly come from Inflation Reduction Act appropriations, ...
Atlas Space Operations has appointed U.S. Air Force and industry veteran John Williams as CEO and launched a new subsidiary focused on supporting government missions. Williams most recently served as vice president of real-time Earth at Viasat (Nasdaq: VSAT), where he was responsible for the development of the company’s ground station-as-a-ser...
McLean, Virginia-based Xcelerate Solutions has expanded its leadership team with the appointment of Tim Conway as a member of the board, Anne-Marie Evans as chief financial officer and Michael Heller as vice president of human resources. Conway, a two-time Wash100 awardee, will bring to Xcelerate’s board his federal contracting industry experience...
Mercury Systems (Nasdaq: MRCY) has named interim President and CEO William Ballhaus as the next chairman of its board of directors and appointed Scott Ostfeld, a managing partner at hedge fund Jana Partners, as an independent director. The board also decided to reduce the number of seats from 11 to nine in a move that...
Nonprofit organization Silicon Valley Defense Group has named In-Q-Tel, the intelligence community’s venture capital arm, as the most active investor in top defense and national security startups. IQT has invested in 34 companies included in SVDG’s inaugural list of top 100 defense and dual-use technology startups backed by venture capital firms...
Eight companies will compete for architectural and engineering task orders under a U.S. Army Corps of Engineers contract worth up to $200 million. USACE received 21 bids for the firm-fixed-price contract and estimated services will conclude on June 29, 2028, the Department of Defense said Thursday. The chosen vendors are: AECOM (NYSE: ACM) Arcadis H...
David “Heat” Lyons, a retired U.S. Air Force colonel, has joined Scientific Systems Co. Inc. as vice president of business development. He will bring to the role over three decades of aerospace and defense industry experience as he oversees SSCI’s client base and new markets, the company said Thursday. Lyons, a global strike subjec...
Boeing (NYSE: BA) will build 18 CH-47F Block I Chinook heavy-lift helicopters for South Korea and one additional unit for Spain under a potential $793 million deal made through a foreign military sales agreement with the U.S. Department of Defense. Block I helicopters are expected to be delivered in 2027 under the deal, which marks...
