Investment company Endeavour Capital has acquired Forrest Machining Inc., also known as FMI Aerostructures, which produces structural components for aerospace and defense platforms. Tim Mickael, an aerospace executive with two decades of industry experience, joined FMI Aerostructures as CEO, and all current managers will remain with the company as p...
Lisa Disbrow, chair of the audit and finance committee on LMI’s board of directors, has been elected board chair at the Tysons, Virginia-based management consultancy. She succeeds Ken Krieg, who has held the chairman role since April 2019 and has served on the board since 2008, the nonprofit company said Monday. LMI noted it saw...
CDW (Nasdaq: CDW) has purchased Focal Point Data Risk for an undisclosed sum to grow its talent development business and expand its cybersecurity consulting and identity and access management capabilities. “Adding Focal Point’s array of security consulting, customer workforce skills development and professional services capabilities expands CDWâ...
Himamauli Das, a senior managing director and co-head of CFIUS advisory services at K2 Integrity, has been named acting director of the Department of the Treasury’s Financial Crimes Enforcement Network. Juan Zarate, global co-managing partner and chief strategy officer at K2 Integrity and previous Wash100 awardee, said in a statement Tuesday...
Leonardo‘s U.S. defense subsidiary has purchased Ascendant Engineering Solutions, a producer of gimbals that allow sensors or cameras to rotate and change direction, in a move to offer integrated sensing platforms in the domestic military sector. Arlington, Virginia-based Leonardo DRS said Thursday it plans to combine its electro-optical and i...
Kratos Defense & Security Solutions (Nasdaq: KTOS) has secured a potential $338.1 million contract to manufacture additional subscale aerial targets for use in the U.S. Air Force’s weapons-release training exercises. The sole-source contract is for lots 17 to 21 AFSAT production, logistics and out-of-warranty repair services, the Departmen...
Express Scripts has secured a potential multi-year $4.3 billion contract to help the Defense Health Agency manage pharmacy benefit-related activities across all 50 states; Washington, D.C; Guam; Puerto Rico; and the Virgin Islands. The company will provide management services in support of the TRICARE Pharmacy Benefit Program, which delivers prescri...
Defense Secretary Lloyd Austin has signed a plan designed to guide the military’s implementation activities aimed at ensuring U.S. electromagnetic spectrum advantage and providing warfighters with “freedom of action” in the EMS. The Department of Defense said Thursday its operations in air, land, maritime, space and cyberspace doma...
Boeing (NYSE: BA) has teamed up with AE Industrial Partners to create AEI HorizonX, an independent venture capital group that will combine the aerospace, technology and private equity expertise of both companies to promote start-up innovation. Boeing said Thursday AEI HorizonX will further support sustainability and will focus on investments in conn...
Omar Balkissoon, executive chairman of Geospark Analytics, will assume additional role as CEO while John Goolgasian, former chief operating officer, will serve as president and chief growth officer as part of the company’s recently announced leadership changes. Balkissoon’s appointment and Goolgasian’s promotion are meant to contin...
