A business unit of Kratos Defense & Security Solutions (Nasdaq: KTOS) will supply drones for the U.S. Army’s aerial target activity under a firm-fixed-price contract worth $95 million over five years. The service is procuring subscale unmanned aerial target systems from Kratos Unmanned Aerial Systems and will determine funds upon issuance ...
Officials from the White House, Intelligence Community and the Department of Defense will hold on Tuesday a classified briefing on artificial intelligence with senators as lawmakers work to advance legislative measures for AI, Reuters reported Monday. Avril Haines, director of national intelligence; Kathleen Hicks, deputy secretary of defense; Arati...
Lockheed Martin (NYSE: LMT) will support technical refresh work on pilot and maintainer training equipment for the F-35 Joint Strike Fighter program under a U.S. Navy contract modification worth $122.7 million. The Department of Defense said Thursday the funds will cover training site standup, schedules, support capability and system maintenanc...
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...
