Italy-based aerospace and defense conglomerate Leonardo has announced the postponement of the initial public offering of its U.S. subsidiary due to unfavorable market conditions. Adverse market conditions prevented an adequate valuation of Leonardo DRS, the parent company said Wednesday. The conglomerate added that it will revisit the IPO once marke...
Lt. Gen. Michael Groen, director of the Department of Defense’s Joint Artificial Intelligence Center and 2021 Wash100 Award recipient, said a platform for military personnel to create AI tools achieved initial operating capability status, FedScoop reported Tuesday. He told attendees at a National Defense Industry Association-hosted event that JAIC...
Lockheed Martin’s (NYSE: LMT) Sikorsky subsidiary has received a $99.9 million contract modification from the U.S. Army to modify UH-60M Black Hawk utility helicopters for Saudi Arabia’s national guard. Sikorsky will provide 25 modified Black Hawks to fulfill a foreign military sales requirement, the Department of Defense said Wednesday. The...
New York-based Investment advisory company MSD Partners has signed an agreement to become an investor in Woolpert to help drive the latter’s next phase of growth across the architectural, engineering and geospatial areas. Woolpert said Thursday that Long Point Capital will exit its investment in the Dayton, Ohio-based company as part of t...
Huntington Ingalls Industries (NYSE: HII) will continue engineered overhaul work on USS Columbus, a nuclear powered fast attack submarine in the U.S. Navy’s Los Angeles class. under the potential $194.5 million contract modification. HII’s Newport News Shipbuilding division in Virginia will receive nearly $191 million at the time of awar...
Roy Kapani, founder of ECS, has acquired Systems Engineering Associates Corp. for an undisclosed sum through a private transaction. SEACORP President Dave Lussier will continue to lead the company along with his executive team that includes Tanya Zaleski, chief financial officer; Dave Cadorette, senior vice president; and Craig McMillian, SVP,...
U.S. Army Corps of Engineers‘ Tulsa District in Oklahoma has released a solicitation notice for a potential $120 million multiple-award contract for environmental remediation services within the geographic boundaries of the agency’s Southwestern and South Pacific divisions. USACE said Wednesday it is looking to award up to 10 positions o...
Bluestaq will continue to help the U.S. Space Force build a cloud-based multisource database for situational awareness under a two-year, $280 million contract modification awarded by USSF’s Space and Missile Systems Center. This award extends and increases the scope of Bluestaq’s work on the Unified Data Library — a data management...
Adam Selipsky, CEO of Tableau Software since 2016, will succeed Andy Jassy as CEO of Amazon’s (Nasdaq: AMZN) cloud computing business. Selipsky, who previously served as vice president of sales, marketing and support at Amazon Web Services from 2005 to 2016, will return to AWS on May 17 and spend a few weeks transitioning before...
Ellen Lord, former undersecretary for acquisition and sustainment at the Department of Defense and four-time recipient of the Wash100 Award, has joined Voyager Space Holdings‘ board of directors. The 36-year aerospace and business veteran will be part of the board tasked with guiding Voyager in commercial space investments, the company said Tu...
