CIS Secure Computing, a portfolio company of private equity firm HKW, has acquired Intrepid Solutions and Services in a move to expand technology products and service offerings for the U.S. intelligence community and defense market. Financial terms of the transaction were not disclosed and Intrepid said Wednesday it brings experience in providing su...
The United Arab Emirates has asked to procure Terminal High Altitude Area Defense systems, manufactured by Lockheed Martin (NYSE: LMT), from the U.S. government under a potential $2.245 billion foreign military sales deal cleared by the State Department. UAE’s procurement request includes 96 THAAD missile rounds along with four launch control ...
Leidos (NYSE: LDOS) recorded fiscal 2022 second quarter revenue of $3.60 billion, up 4 percent from the same period a year ago. The Reston, Virginia-based company said net income for the quarter rose to $172 million or $1.24 per share and total backlog as of June 30 was $34.7 billion with $7.5 billion funded. All...
Joe Niehaus, director of supply chain management at LMI since February 2021, has been promoted to senior vice president of logistics solutions, he announced Wednesday in a LinkedIn post. Prior to his promotion, Niehaus oversaw the management consulting organization’s service offerings intended to help federal clients manage supply chain risks....
Matthew Quinn, a federal service veteran with more than two decades of law enforcement and protective security experience, has been appointed vice president of government solutions at counter-drone technology maker Fortem Technologies. In his new role, Quinn will lead the development of operational concepts and technology offerings designed to prote...
Slingshot Aerospace has purchased Numerica’s space domain awareness division and Seradata for an undisclosed sum as part of efforts to further advance space sustainability by delivering space traffic coordination and space situational awareness platforms to launch providers and satellite operators. The SDA division of Numerica brings to Slingshot ...
Lumen Technologies’ (NYSE: LUMN) government arm has won a potential 10-year, $1.5 billion contract from the Defense Information Systems Agency to provide end-to-end transmission capabilities and related services for the Defense Information System Network Indo-Pacific. DISN Indo-Pacific serves as the Defense of Defense’s consolidated telecommunic...
The State Department has approved Saudi Arabia’s request to purchase Patriot missile interceptors and related equipment from the U.S. government under a potential $3.05 billion foreign military sales contract. Raytheon Technologies (NYSE: RTX) will serve as the prime contractor to deliver 300 Patriot MIM-104E Guidance Enhanced Missile-Tactical...
Jeremy Ross, a more than two-decade GovCon industry veteran, has joined SilverEdge Government Solutions as chief growth officer. He will oversee SilverEdge’s business development efforts, go-to-market strategy and organic growth initiatives within the defense and intelligence communities, the company said Tuesday. SilverEdge CEO Robert Miller said...
Lockheed Martin (NYSE: LMT) has increased the size of its $200 million venture capital fund to $400 million as the company looks to expand startup investments aimed at helping accelerate defense innovation. Chris Moran, vice president and general manager of Lockheed Martin Ventures, said in a statement released Tuesday the fund vetted over 1,000 sta...
