Kongsberg Discovery has agreed to acquire Sonatech as part of efforts to expand its technology portfolio and grow its business in the U.S. Navy market. The global technology company said Tuesday the acquisition of Sonatech, an engineering and manufacturing company specializing in underwater acoustics, will be finalized later in 2025, pendi...
The U.S. Navy has awarded Serco a five-year, $105 million recompete contract to continue providing professional and technical services to the Program Executive Office Ships Amphibious Warfare Program Office, or PMS 377. In a press release published Tuesday, Tom Watson, CEO of Serco and a two-time Wash100 Award recipient, said his company has support...
Mach Industries has raised $100 million in a round of Series B financing led by Khosla Ventures and Bedrock. Establishing ‘Asymmetric Unmanned Capability’ The defense manufacturing company said Tuesday it will use the capital to expand its flagship factory Forge Huntington; scale its tactical engine division Mach Propulsion; and advance ...
Monique Shivanandan has been named a member of the board of directors at Iridium Communications. The global voice and data satellite communications provider said Tuesday Shivanandan will serve as an independent director under prevailing regulations. She will be part of the Compensation Committee. Matt Desch on Shivanandan’s App...
Defense technology company Raft has acquired N3bula Systems for an undisclosed sum to advance mission-critical defense modernization to support the next generation of unified joint force operations. Raft said Tuesday the acquisition establishes a unified artificial intelligence and data backbone designed to transform fragmented military systems into...
NeoSystems has appointed Jeff Huckle as chief operating officer to strengthen its relationship with Microsoft, with a focus on collaborations related to cybersecurity, cloud hosting and Cybersecurity Maturity Model Certification compliance. Huckle, a seasoned technology executive with over 25 years of experience in sales, consulting, digital transfo...
Core One Solutions has named Mac Curtis, former chairman of the board at Cubic and a nine-time Wash100 Award recipient, to its board of directors. Core One said Tuesday Curtis brings to the board his deep leadership experience in the government services sector. Patrick Moniz, CEO of Core One Solutions, welcomed the addition of Curtis...
Archer Aviation has sold $850 million worth of shares to bring in additional funding for the electric vertical take-off and landing aircraft, or eVTOL, Integration Pilot Program. The Santa Clara, California-based company said Thursday it sold 85 million shares of its Class A common stock at $10 each in support of President Donald Trump’s ...
CACI International has secured a potential seven-year, $437 million task order to support U.S. Africa Command’s mission. The contract includes one base and six option periods, CACI said Thursday. Under the contract, the company will continue improving force protection, mission assurance and theater strategy execution while enhancing command re...
Micron Technology has announced plans to invest approximately $200 billion in semiconductor manufacturing and research and development efforts in the U.S. as part of a push to improve domestic memory supply and drive U.S. innovation and technology leadership. The company said Thursday the investment includes $30 billion in additional funding to buil...
