Artificial intelligence software developer C3.ai (NYSE: AI) netted $651M from an initial public offering Wednesday and its shares rose 120.2 percent by the end of first trading day, Investor’s Business Daily reported Thursday....
The U.S. Air Force seeks to procure equipment and services needed to protect air bases within U.S. Africa Command and U.S. European Command areas of responsibility through a potential $953M indefinite-delivery/indefinite-quantity contract, according to a solicitation notice posted Wednesday....
Baird hosted its 2020 Government & Defense Conference on Thursday, a full day virtual event featuring a wide variety of experts across government, academia and industry to present their insights regarding the latest M&A trends and market value drivers influencing the defense and federal market. Jean Stack also highlighted market themes, incl...
Raytheon Technologies (NYSE: RTX) has secured a potential seven-year, $99M contract to build special mission processors for the U.S. Special Operations Command's MC-130J Commando II and AC-130J Ghostrider aircraft platforms....
Joe Biden intends to nominate Denis McDonough, Barack Obama’s former chief of staff, to be secretary at the Department of Veterans Affairs (VA). "It's not an easy job, but somebody with Denis' experience of being in the white house and managing so many issues I think is going to be a real asset," former VA secretary David Shulk...
Investment firm CCP Capital Strategies has acquired technology company Executive Information Systems for an undisclosed sum. Washington, D.C.-based EIS has been supplying software and related platforms to public sector clients for more than two decades in support of their missions....
The U.S. Army plans to issue a final request for proposals for the Optionally Manned Fighting Vehicle program’s concept design phase later this month in an effort to find a Bradley Infantry Fighting Vehicle replacement, Defense News reported Wednesday. The report said Army officials briefed industry on the potential $4.6B OMFV procurement effort a...
A joint venture between Boeing (NYSE: BA) and Textron‘s (NYSE: TXT) Bell subsidiary will manufacture and deliver one CMV-22B Osprey tiltrotor aircraft to the U.S. Navy as part of a $170.4M contract modification....
L3Harris Technologies (NYSE: LHX) has won a $57M order to supply more two-channel handheld radios to the U.S. Army as part of a potential 10-year, $3.9B indefinite-delivery/indefinite-quantity contract. The Falcon IV AN/PRC-163 radio is designed to facilitate voice and data exchanges on the service branch's integrated tactical network, L3Harris...
A J.F. Lehman & Co. investment affiliate has purchased Atlanta-based CodeMettle, a communication network and data management software provider to both the defense and commercial sectors, for an undisclosed sum....
