A consortium of shareholders that purchased U.K.-based satellite communication services provider Inmarsat in 2019 nominated CEO Rajeev Suri and Chairman Andrew Sukawaty to serve as members of the board of directors of Viasat (Nasdaq: VSAT) upon completion of the two companies’ merger. Suri and Sukawaty will step down from their roles once Vias...
Artificial Intelligence (AI) is one of the biggest trends in the world today, from generative AI to sophisticated cybersecurity, with a promise to transform the industry and society. While 84% of chief executives recognize AI’s importance in achieving their growth objective, most organizations are lagging behind the curve regarding AI and machine ...
Valiant has booked a potential $1.4 billion task order to provide linguist and translation services to military personnel throughout the U.S. Central Command’s area of responsibility. Two U.S. Army commands jointly issued the task order, which includes supplementary support work in the continental U.S., under the Department of Defense Language...
Viasat (Nasdaq: VSAT) is set to close the acquisition of U.K.-based satellite communication services provider Inmarsat by the end of May after the European Commission issued unconditional clearance to the approximately $7.3 billion transaction. The commission said Thursday it concluded that the deal would not impact competition in the broadband in-f...
The U.S. Army has selected 29 small businesses to compete for information management communication service orders under a five-year, $900 million contract vehicle. Army Contracting Command received 31 bids for the firm-fixed-price contract through an online-based solicitation, the Department of Defense said Wednesday. IMCS providers will suppor...
Raytheon Technologies (NYSE: RTX) has secured a $146.7 million contract from the U.S. Navy to update the Coyote unmanned aircraft system with intelligence, surveillance and renaissance and precision strike technologies. The company will finalize the Coyote Block 3 configuration and conduct flight tests in support of developmental testing and operati...
Godspeed Capital Management has raised $250 million in capital commitments from new and existing investors for its second investment program to further advance its strategy to partner with founders and other business leaders to co-invest in companies operating in the defense and government services markets. The Washington, D.C.-based private equity ...
Deltek has agreed to acquire time tracking platforms provider Replicon for an undisclosed sum to grow information and enterprise software offerings for project-based organizations. Calgary, Canada-based Replicon offers software platforms for project time tracking, professional services automation, time and attendance, compliance and project billing ...
President Joe Biden has nominated Gen. Charles Brown Jr., chief of staff of the U.S. Air Force since August 2020, to become the next chairman of the Joint Chiefs of Staff. Brown would succeed Army Gen. Mark Milley, whose term is slated to end in October, if the nomination receives Senate approval. In his current...
Five small businesses have secured positions on a $947 million contract to provide life cycle acquisition management, strategic financial and business management support services to the National Geospatial-Intelligence Agency. Credence Dynamo Solutions, Compass, Exacta Solutions, Innovate Now and Logic Gate will compete for eight individual task ord...
