Fairbanks Morse Defense has acquired U.K.-based davit manufacturing company Welin Lambie in a move to grow FMD’s portfolio of products designed for marine customers such as the U.S. Navy and Marine Corps. Arcline Investment Management-backed FMD said Wednesday it made the acquisition to also offer equipment that could support craft launch and ...
GovCon Wire Events hosted its Defense Acquisition Priorities Forum on Tuesday, during which prominent leaders in the public and private sectors spoke on the advanced technologies, areas of interest and urgent challenges impacting procurement and acquisition strategies within the Department of Defense as well as how industry can help drive innov...
Systems Planning and Analysis holds a position on one of the 10 pools that compose a multiple-award General Services Administration contract vehicle for technology platforms and services intended to support the Department of Defense’s multidomain battlespace operations. “The ASTRO award provides additional opportunities for our mission-focus...
Satellite imagery and geospatial data provider Planet Labs began trading on the New York Stock Exchange Wednesday after completion of its merger with special purpose acquisition company dMY Technology Group and registered the combined entity as a public benefit corporation. Planet Labs PBC (NYSE: PL) said Wednesday it intends to use the $590 million...
CEOs from six cryptocurrency companies testified before the House Financial Services Committee Wednesday calling on Congress to come up with clearer and bespoke regulations on the virtual currency, Reuters reported. “Without tailored legislative solutions that are openly debated with public participation, the United States risks unnecessarily ...
A U.S. district court in Georgia on Tuesday decided to prohibit the Biden administration from implementing its vaccination mandate for federal contractors across the country, CNBC reported. Judge R. Stan Baker of the U.S. District Court for the Southern District of Georgia said the president probably exceeded his authority under the Procurement Act....
BigBear.ai has completed its merger with special purpose acquisition company GigCapital4 to create a new entity that will trade on the New York Stock Exchange starting Wednesday and help customers make decisions with the use of artificial intelligence technology. The combined business will operate as BigBear.ai Holdings and the transaction gives it ...
Vertex Aerospace has closed its acquisition of Raytheon Technologies’ (NYSE: RTX) defense training and mission critical solutions business. The transaction was first announced in September and Ed Boyington, president and CEO of Vertex, said in a statement published Tuesday the acquisition supports the company’s strategy to deliver a comprehe...
On Tuesday, GovCon Wire Events hosted its Defense Acquisition Priorities Forum, which featured leaders across defense agencies, military branches and industry who joined in dynamic discussion to share the procurement interests, technology influences and strategic priorities driving acquisitions across the defense sector as agencies work to acceler...
Artificial intelligence company Torch.AI has acquired The DataTech Group for an undisclosed sum to provide further support to data processing efforts in the government sector with the use of technology. Illinois-based DataTech offers an information technology platform for public and private sector customers to plan, analyze and manage organizational...
