Shield AI has secured $165 million in a round of Series E financing and will use the capital to advance the development of its artificial intelligence pilot for military and commercial aircraft. Venture funds including Riot Ventures, Disruptive and Homebrew participated in the funding round led by Doug Philippone, co-founder of Snowpoint Ventures an...
New Hampshire-based weapons maker Sig Sauer has won a five-year, $157.3 million contract to produce Norma Magnum rifle cartridges for the U.S. Army. The service branch ordered .300 M1163 ball ammunition and .338 M1162 armor piercing rounds, the Department of Defense said Thursday. Army Contracting Command received three bids for the firm-fixed-price...
America’s Frontier Fund has officially launched as a nonprofit investment fund with a focus on scaling companies and their deep technologies to ensure that the U.S. and its allies maintain tech advantage amid a great power competition. AFF said Thursday its initial focus areas will include artificial intelligence, microelectronics, next-generation...
Mercury Systems (Nasdaq: MRCY) was awarded a potential $50 million basic ordering agreement to provide the Naval Air Systems Command with company-made Advanced Data Transfer System products and services. Over a three-year period, Mercury will deliver data transfer units and devices, encryption modules and other ADTS-related hardware to NAVAIR for mi...
Gabriele Masili, former chief digital and technology officer of customer experience and success at Microsoft (Nasdaq: MSFT), has been named chief customer officer at citizen engagement software provider Granicus. Masili has 25 years of technology industry experience that included support to hundreds of millions of customers globally, Granicus said T...
Joshua Isner, chief revenue officer at Axon (Nasdaq: AXON) for more than four years, has transitioned to the company’s newly created position of chief operating officer. In his new role, Isner will support the office of Axon CEO and founder Rick Smith and will manage overall operational functions including policy execution and employee managem...
Shareowners in Raytheon Technologies (NYSE: RTX) will receive a quarterly dividend of 55 cents from the company on Sept. 8. Raytheon said Monday its board of directors approved the payment to stockholders of record as of Aug. 19, 2022. The aerospace and defense contractor expects to return $20 billion of capital to shareholders in the...
Peraton’s Perspecta Enterprise Services subsidiary has received a potential five-year, $562.9 million task order to provide digital and multimedia forensics, cyber analytics, technical platforms development and vulnerability sharing support for the Department of Defense Cyber Crime Center. The General Services Administration’s Federal Systems In...
Independent proxy advisory firms Glass Lewis & Co. and Institutional Shareholder Services recommended in their respective reports that shareholders of Vectrus (NYSE: VEC) vote in favor of all proposals related to the planned combination with Vertex during a special meeting to be held on June 15. Chuck Prow, CEO of Vectrus and an eight-time Wash1...
Consulting services company ICF (Nasdaq: ICFI) has agreed to acquire SemanticBits for approximately $220 million to expand its health information technology and digital modernization capabilities in support of federal health agencies. Fairfax, Virginia-based ICF said Wednesday it expects the acquisition to close in mid-July, subject to regulatory ap...
