Aretum, the newly established mid-tier platform company of Renovus Capital Partners, has acquired Arlington, Virginia-based federal contractor Miracle Systems. Miracle and Renovus portfolio company Panum Telecom will operate under Aretum, which is focused on delivering technology platforms, management consulting and mission support services to the D...
Lockheed Martin (NYSE: LMT) raked in $15.1 billion in net sales for the first quarter of 2023, $6.23 billion of which was generated by its aeronautics business. The company on Tuesday released its quarterly financial performance showing net earnings of $1.7 billion, same as the prior-year period figures, and a revenue growth of 0.67 percent...
Donald LaRocco, a 22-year veteran of Naval Air Systems Command, has joined Crestwood Technology Group as executive vice president of government programs, LaRocco announced his new role at CTG in a LinkedIn post on Tuesday and came to the New York-based supply chain management services provider from his prior role as global head of Noble’s...
Ensco will help the Federal Railroad Administration operate and maintain track inspection vehicles under a new five-year contract. The company said Tuesday it will continue to support FRA’s Automated Track Inspection Program through safety compliance assessment, regulatory updates and data utilization efforts. Contract work encompasses fleet o...
Elbit Systems (Nasdaq: ESLT) has secured a pair of contracts worth $202 million combined to deliver intelligence and electronic warfare aircraft and autonomous artillery systems to unnamed foreign customers. The company said Tuesday it will equip a commercial aircraft platform with an EW suite, designed to help the operator defend against communicat...
A joint venture between Rothe Development and Ares Technical Services Corp. has secured a potential $814 million contract to help two NASA offices manage information technology and multimedia operations. The Rothe-Ares JV will provide support to the agency’s chief information officer and communications departments under the Enterprise Mu...
Maxar Technologies (NYSE: MAXR) has secured the majority of regulatory clearances needed to advance its merger with Boston-based private equity firm Advent International and both parties now expect the transaction to be completed in late April or early May. In December, Advent agreed to buy Maxar in an all-cash transaction worth approximately $6.4 b...
Thales‘ digital identity and security business and Infineon Technologies‘ Americas subsidiary have secured a potential 10-year contract to help the Government Publishing Office embed electronic security features in U.S. passports. The contractors will equip blank e-passport covers with computer chip technology and software to support the...
General Dynamics’ (NYSE: GD) ordnance and tactical systems business and IMT Defense have secured positions on a five-year, $344.2 million contract to manufacture artillery assemblies for the U.S. Army. Orders under the fixed-price contract comprise production, testing, packaging and delivery of 155-millimeter M1128 artillery metal compon...
Michelle Sangiuliano, a 10-year NTT Data Services veteran, has been appointed a senior vice president to oversee the company’s public sector, federal health and civilian business areas, according to a LinkedIn post published Thursday. She most recently led civilian programs and operations of the Plano, Texas-based information technology servic...
