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UiPath (NYSE: PATH) raised $1.34 billion in its initial public offering Wednesday after the New York-based automation software company and its shareholders sold approximately 23.9 million shares at a price of $56 apiece, CNBC reported. UiPath’s shares rose 23 percent to close at $69 apiece, giving the company a market valuation of $35.8 billion. D...

Stacy Cleveland, formerly executive director at B&A’s missions support services unit, has been appointed senior vice president of client delivery at Fairfax, Virginia-based information technology services provider Pyramid Systems. Cleveland will oversee Pyramid’s client operations and brings two decades of government technology market ex...

The Department of Homeland Security has released a solicitation for the potential 10-year, $10 billion FirstSource III contract for information technology hardware, software, value-added reseller and IT managed services. FirstSource III is a multiple-award, indefinite-delivery/indefinite-quantity contract and a total small business set-aside program...

Raytheon Technologies (NYSE: RTX) has received a $243.2 million contract modification from the Missile Defense Agency for the delivery of one AN/TPY-2 radar designed for detecting ballistic missiles and guiding the Terminal High Altitude Area Defense system to help it shoot down the threat. The award raised the contract’s total cumulative face...

Mancon has won a potential $146 million indefinite-delivery/indefinite-quantity contract to support mobile store operations of Naval Supply Systems Command’s Fleet Logistics Center Norfolk in Virginia. The company will help NAVSUP FLC obtain supplies, equipment and parts for the Super Servmart project, the Department of Defense said Wednesday....

Tyler Technologies (NYSE: TYL) has closed its purchase of NIC (Nasdaq: EGOV) as part of efforts to expand the delivery of technology platforms and services to public sector stakeholders. NIC CEO Harry Herington will retire and the rest of the company’s leadership team will continue to oversee operations through NIC’s headquarters in Olathe, Kans...

The U.S. Army has selected Booz Allen Hamilton (NYSE: BAH) to develop a common data fabric that would facilitate data sharing and synchronization between incompatible systems. The company said Tuesday the Rainmaker multidomain technology is meant to link different platforms across air, land, sea, cyber and space domains to enable coordinated militar...

Lockheed Martin (NYSE: LMT) generated $16.3 billion in net sales for the first quarter of its 2021 fiscal year, up 4 percent from the same period a year ago, along with earnings of $6.56 per share for the three-month financial period. Bethesda, Maryland-based Lockheed said Tuesday Q1 net earnings came in at $1.8 billion, compared with...

Sixteen nonprofit organizations employing people with disabilities have won positions on a $150 million indefinite-delivery/indefinite-quantity contract to help the Defense Logistics Agency distribute goods and services to the U.S. military. DLA received 17 responses for the AbilityOne Base Supply Center Tailored Logistics Support Program via a comp...