Grays Peak Capital has launched a $500 million private credit vehicle designed to provide strategic capital for government and defense contractors in North America. The New York-based global investment firm said Wednesday its second fund, Grays Peak Private Credit II, has received initial commitments from strategic asset managers groups and Fund I i...
Vitesse Systems, backed by private equity firm Trive Capital, has completed the acquisition of Spacetime Engineering, a specialist in ground antenna technology for military and commercial satellite networks. Trive Capital said Wednesday the move positions Vitesse as a leading provider of multi-band antenna solutions, which are vital f...
Sabre Systems has won a U.S. Navy contract worth approximately $199.9 million to provide IT modernization, cybersecurity, data and artificial intelligence, cloud, enterprise management, transformation planning and other digital support services. The Department of Defense said Wednesday the Naval Air Warfare Center Aircraft Division in Patuxent River...
NASA has awarded an indefinite-delivery/indefinite-quantity contract to Science and Technology Corp., or STC, to support the agency’s atmospheric science research and development activities at the Goddard Space Flight Center in Greenbelt, Maryland. The IDIQ, valued at up to $163.1 million, has a five-year period of performance, beginning on No...
KBR will spin off its Mission Technology Solutions, or MTS, segment and form two independent, public companies with distinct products and services. KBR said Wednesday it expects the spinoff to be completed by mid-to-late 2026 through a tax-free transaction, subject to final approval by KBR’s board and other customary closing conditions. ...
HawkEye 360 has named Craig Searle as chief financial officer, marking the latest change in the company’s leadership structure as it scales its signals intelligence business. Who Is Craig Searle? Searle most recently served as HawkEye 360’s chief business officer, according to a press release published Wednesday. He was promoted to the r...
Raytheon, an RTX business, has received a $578.6 million firm-fixed-price contract from the U.S. Army for the acquisition of Stinger anti-aircraft missiles, associated equipment and related support services. Stinger Missile Contract Details The Department of Defense said Wednesday the contract was competitively solicited online, with one bid su...
Raymond Richards has been appointed chief technology officer of RTX BBN Technologies. The executive announced his new position on LinkedIn Tuesday. Raymond Richards’ Career Achievements Before joining RTX, Richards spent nearly two years at Leidos as vice president of information and data sciences and VP of enterprise strategy ...
CGI Federal has secured a $213.8 million contract from the Department of State to support book print personalization facilities for U.S. passports. The contract, announced on Tuesday via SAM.gov, covers services for the Bureau of Consular Affairs. The facilities process U.S. passport books through personalization systems that integrate secure printi...
General Dynamics Information Technology has named Katie Webb, a public health market executive, vice president of strategic programs for the Department of Health and Human Services. Webb announced her move to GDIT in a LinkedIn post published Tuesday. Who Is Katie Webb? Before joining GDIT, Webb most recently served as executive VP for public health...
