Thirteen lawmakers have expressed their support for Lockheed Martin‘s (NYSE: LMT) proposed acquisition of Aerojet Rocketdyne (NYSE: AJRD) in their joint letter to Kathleen Hicks, deputy secretary at the Department of Defense, Reuters reported Wednesday. Lockheed first announced its move to acquire the rocket propulsion maker for approximately ...
Red Cat Holdings (Nasdaq: RCAT) has completed its purchase of Utah-based unmanned aircraft system manufacturer Teal Drones in an effort to expand into the military sector and pursue business growth opportunities. Following the closure of the all-stock acquisition deal, Red Cat will add Teal to its enterprise segment that also covers remote inspectio...
Potomac Officers Club (POC) hosted its Building the Future Battle: The Keys to JADC2 on Tuesday to showcase the key executives’ efforts as they work to develop the first phase of Joint All-Domain Command and Control (JADC2) and address the speed and timing challenges of technology development for our military branches and systems. Following an...
An MRM Construction Services and Sundt Construction joint venture, R.C. Construction, Southwest Concrete Paving, and Acme Construction Supply-RHB JV will compete for task orders under the U.S. Army’s airfield paving contract. The Department of Defense said Wednesday the firm-fixed-price contract for paving work is potentially worth $400 millio...
GovCon Wire Events hosted its IT Modernization and Transformation Forum on Wednesday to bring together a handful of the most significant members of the federal landscape as well as those who want to learn more about the current set of challenges surrounding our cybersecurity systems, data modernization goals and IT transformation strategies. As the ...
Shareholders at blank check company Genesis Park Acquisition (NYSE: GNPK) approved Wednesday the proposed combination with Redwire, a space infrastructure company. Holders of approximately 73 percent of Genesis Park’s outstanding shares as of Aug. 2, or about 97 percent of the votes cast at the special meeting, voted in favor of the merger agreeme...
BlackSky Holdings, a Herndon, Virginia-based geospatial intelligence provider, has received an equity investment from Palantir Technologies (NYSE: PLTR) to enable it to meet the customers’ demand for global monitoring services and further expand its capabilities. BlackSky said Wednesday it will also broaden the delivery of deep analytics and high-...
Hewlett Packard Enterprise (NYSE: HPE) has secured a potential 10-year, $2 billion contract from the National Security Agency to provide high performance computing technology as a service to help NSA address its data management requirements. HPE will deliver fully managed cloud services on-premises through the HPE GreenLake platform to enable NSA to...
L3Harris Technologies (NYSE: LHX) has received a 10-year, $947.3 million sole source contract from the U.S. Air Force for engineering services in support of an aircraft electronic warfare system initiative. The contractor will provide block and non-block cycle services for the AN/ALQ-172 Countermeasures Program and Air Force Global Strike Command...
Private equity firm Thoma Bravo completed its $12.3 billion acquisition of Proofpoint more than one month after the cybersecurity company’s shareholders approved the all-cash transaction. Proofpoint said Tuesday the deal completion signaled its transition from a publicly traded company to a private ownership structure. Gary Steele, Chairman an...
