L3Harris Technologies (NYSE: LHX) has won a potential five-year, $75.6 million contract to supply the Defense Logistics Agency with spare parts and components for a range of Harris tactical radio systems. DLA’s land and maritime organization received two responses to a competitive solicitation for the firm-fixed-price, indefinite-quantity cont...
Assets in global cryptocurrency funds rose from $24 billion in 2020 to $63 billion in 2021, Bloomberg reported Tuesday. Bloomberg Intelligence data shows that the number of investment vehicles tracking cryptocurrency globally climbed to 80 in 2021, up from 35 the previous year. “Globally, it’s obviously a phenomenon that’s starting to take off...
ServiceNow (NYSE: NOW) has received a five-year contract to help the Internal Revenue Service consolidate and modernize a dozen outdated agency systems into one platform using a low-code development approach. The company said Tuesday it will integrate cloud-based technologies to update workflow management, incident assessment documentation and taxpa...
Eve, an urban air mobility platforms provider established by Embraer, has agreed to merge with blank check company Zanite Acquisition (Nasdaq: ZNTE) in a transaction that would take the former public and give the combined entity a pro forma equity value of $2.9 billion. The boards of directors of Embraer and Zanite have unanimously approved...
Raytheon Technologies (NYSE: RTX) has received a $578.3 million contract modification to help the U.S. Navy and foreign military sales customers address production requirements for the Standard Missile-2. The Navy accounts for 6 percent, or approximately $36.7 million, of the procurement funds for SM-2 all up rounds, spare parts, engineering service...
NowVertical Group has agreed to purchase Allegient Defense as part of efforts to further broaden its footprint in the U.S. public sector. Allegient Defense provides systems engineering and technical services in the areas of data analytics, cloud computing, artificial intelligence and autonomy, unmanned aerial vehicles, directed energy and next-gener...
The State Department has approved a potential $1.32 billion foreign military sale of shipboard launch and recovery equipment and support services to France for the country’s naval aircraft carrier program. The French government wants to procure one Electromagnetic Aircraft Launch System, one Advanced Arresting Gear, launcher and engine configu...
Margaret Amori, Inception lead for public sector at NVIDIA (Nasdaq: NVDA), said the company works to help the federal government adopt artificial intelligence in five areas and one of those is through graphic processing units and other platforms that NVIDIA offers for AI development and deployment. Amori wrote that one of those platforms is the ...
Chad Sweet, former chief of staff at the Department of Homeland Security and co-founder of advisory firm The Chertoff Group, has been appointed to the board of directors of Bethesda, Maryland-based digital services provider DMI. DMI said Monday Sweet also serves as CEO of Chertoff, a member of DHS’ Homeland Security Advisory Council and an...
Comtech Telecommunications (Nasdaq: CMTL) and its shareholder Outerbridge Capital Management have reached an agreement on the wireless communications technology provider’s board of directors. Outerbridge has agreed to support Comtech’s move to reelect Judy Chambers and Larry Waldman to the board and Melville, New York-based Comtech said Thursday...
