Leidos (NYSE: LDOS) closed its $215M cash acquisition of 1901 Group, a provider of managed information technology and cloud platforms in public and private sectors, a month after it announced the transaction. Leidos said Thursday it will operate 1901 Group as a wholly owned subsidiary and integrate the latter’s nearly 400 cloud, cyber and IT...
VTG has acquired Fairfax, Virginia-based systems engineering company Intelligent Shift for an undisclosed sum in a move to add intelligence agencies to the former’s national security customer portfolio. Chantilly, Virginia-based VTG said Wednesday the transaction also expands the company’s systems, digital and software engineering suppor...
Unmanned aircraft system manufacturing company AeroVironment (Nasdaq: AVAV) has agreed to acquire Arcturus UAV in a cash-and-stock transaction valued at approximately $405M as part of efforts to expand into adjacent segments and broaden UAS portfolio and customer footprint. AeroVironment said Wednesday it expects to complete the acquisition in the f...
The Department of Defense has launched an electronic marketplace with the goal of connecting small- to medium-sized businesses to capital providers for emerging national security technology requirements. DOD said Wednesday it established the Trusted Capital Digital Marketplace program to offer SMBs access to an investment network designed to drive d...
The National Geospatial-Intelligence Agency has released a draft request for proposals for a potential five-year, $947M follow-on contract to the Emerald program used to procure lifecycle acquisition management, strategic business and financial management support services. A presolicitation notice posted Tuesday says the Clover multiple-aw...
The Department of Homeland Security has created a strategy outlining its measures to address threats Chinese activity poses to the U.S.’ immigration, critical infrastructure and cybersecurity, trade and maritime defense operations. DHS said Wednesday its Strategic Action Plan applies input from the department’s China Working Group and th...
Leonardo DRS‘ Laurel Technologies business and Data Link Solutions — a joint venture between BAE Systems and Collins Aerospace — have each secured a two-year, $150M blanket purchase agreement to provide cabinets for U.S. Navy electronic equipment. Each company will manufacture up to 150 electronic equipment cabinets for the military ...
The Pentagon has recently announced the redistribution of the chief management officer (CMO) functions, Federal News Network reported on Wednesday. Of the changes, the Pentagon will strengthen the Department of Defense (DoD) comptroller’s office to head business process improvements across the department. The comptroller will serve as DoD’s perf...
General Electric‘s (NYSE: GE) aviation segment will manufacture 21 turboshaft engines for the fifth batch of lot 5 CH-53K King Stallion helicopters under a $101.5M contract modification from the U.S. Navy. GE Aviation will receive the full amount at the time of award and also provide programmatic and logistics support services for the T408-GE-...
Since the onset of COVID-19, the government and industry have expedited the development process of new technologies and offerings to remain competitive in the evolving landscape. Innovation units across the nation have focused on artificial intelligence, autonomy and robotics, to support data and networks. During Potomac Officers Club’s 7th Annual...
