BigBear.ai has agreed to merge with special purpose acquisition company GigCapital4 (Nasdaq: GIG) in a deal that will take the Columbia, Maryland-based data analytics company public with an enterprise value of approximately $1.57 billion. Both parties expect to complete the transaction in the third quarter of 2021 and Reggie Brothers, CEO of BigBear...
Leidos‘ (NYSE: LDOS) Dynetics subsidiary has unveiled its proposal for the U.S. Army’s competition that seeks a ground-based weapon system to defend against unmanned aircraft and cruise missile threats. Dynetics said Thursday its Enduring Shield offering in the service branch’s Indirect Fire Protection Capability Increment 2 progra...
Science Applications International Corp. (NYSE: SAIC) has agreed to buy Halfaker and Associates for approximately $250 million in cash to expand its portfolio of health information technology offerings. SAIC said Thursday it will use its existing cash on hand and incremental debt to fund the acquisition that is expected to conclude by the end of...
The White House on Tuesday issued a memo calling on business leaders to initiate immediate measures to protect their organizations from ransomware attacks, CNBC reported Wednesday. “All organizations must recognize that no company is safe from being targeted by ransomware, regardless of size or location,” Anne Neuberger, deputy national security...
The Department of Energy has started its bid solicitation process for a potential 10-year, $3 billion contract for management and operation services at a radioactive waste disposal facility near Carlsbad, New Mexico. DOE said Thursday it will conduct a full and open competition for the cost-plus-award-fee, indefinite-delivery/indefinite-quantity Was...
The State Department has approved Australia’s request to buy 29 AH-64E Apache attack helicopters, built by Boeing (NYSE: BA), along with associated equipment and support services under a potential $3.5 billion foreign military sales agreement with the U.S. government. The transaction also includes 29 Modernized Target Acquisition Designation S...
Oshkosh’s (NYSE: OSK) defense arm has won a potential six-year, $942.9 million contract from the U.S. Army to build and deploy a medium caliber weapon system for the Stryker armored fighting vehicle. Army Contracting Command received three offers for the cost-plus-fixed-fee, firm-fixed-price contract and expects work to conclude on June 2, 2027, t...
General Dynamics‘ (NYSE: GD) mission systems business has secured a $72.8 million contract with the U.S. Navy to retrofit 10 unmanned underwater vehicles designed to provide countermeasures against mine threats. The company said Thursday it will modify five systems of the Block 0 Knifefish surface mine countermeasure UUV, which would then be m...
Deanna Hom Lund, executive vice president and chief financial officer of Kratos Defense and Security Solutions (Nasdaq: KTOS), has been appointed to the defense technology provider’s board of directors. Kratos said Thursday its board selected Lund to fill one of the two vacant seats after the nomination and governance committee unanimously rec...
A Textron (NYSE: TXT) subsidiary has received a $92.54 million contract from the U.S. Army for the production of a transceiver and antenna system designed to provide warfighters with full-motion video, images and geospatial data for situational awareness. Hunt Valley, Maryland-based Textron Systems will work on the One System Remote Video Terminal a...
