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Huntington Beach, California-based Leonid Capital Partners is closing its inaugural private credit fund with approximately $240 million in capital that will be used to support investments in companies in the national security market. The oversubscribed Leonid Opportunities Fund I generated capital commitments from current and new institutional inves...
Patrick Shanahan, former deputy secretary of the Department of Defense and member of the board of directors of Spirit AeroSystems (NYSE: SPR), has been named as the company’s interim president and CEO. He takes over the responsibilities of Thomas Gentile, who resigned as president, CEO and board member on Saturday, the Wichita, Kansas-ba...
A Day & Zimmermann subsidiary will produce and deliver modular artillery charge system equipment for 155-millimeter ammunition to the U.S. Army under a $966.7 million contract. Day & Zimmermann Lone Star will manufacture, assemble, inspect, package and deliver 155 mm MACS M231/M232-series combustible cartridge cases as part of the five-year ...
National Geospatial-Intelligence Agency Director Vice Admiral Frank Whitworth was presented with his 2023 Wash100 Award on stage after his keynote speech at the Potomac Officers Club’s 9th Annual Intel Summit in McLean, Virginia. In his address, VADM Whitworth spoke about major shifts in what he calls a “relucta...
Palantir Technologies (NYSE: PLTR) has received a $250 million contract from the U.S. Army to research and develop artificial intelligence and machine learning tools for U.S. military applications. Army Contracting Command is the contracting activity and will determine work locations and budget upon the issuance of each contract order, the Departmen...
Government AI Events Guide: Top 10 Conferences and Summits provide essential detail about the Artificial Intelligence trends in the industry. Artificial Intelligence means the capacity of a computer or computer-controlled robot to perform jobs typically performed by humans. Initially, the purpose of artificial intelligence is to supplement human cap...
Senate Confirms Gen. Charles Brown as Joint Chiefs of Staff Chair; Cisco Strikes $28B Acquisition Deal for Splunk; GlobalFoundries Secures $3B DOD Microelectronics Supply Contract; Paul Tartaglione Named GDIT Chief Growth Officer Click to Unmute ...
Aerospace is combining its space and defense systems business segments into a single organization to align its end-to-end operations with the structure and strategic direction of its Department of Defense customers. Marty Whelan, senior vice president of the defense systems group since 2018, will lead the integrated business unit, which will unify t...
Three companies have won spots on a potential $750 million indefinite-delivery/indefinite-quantity contract to provide the U.S. Space Force with installation repair and construction services. CCI Utility and Construction Services, Custom Mechanical Systems Corp. and Maverick Constructors will carry out design, construction and engineering services t...
On October 24, Potomac Officers Club will host the next in its series of riveting, topical government contracting events: the Achieving Transformative Cooperation for National Defense Forum. Registration is now open, with only limited seats available. This extremely relevant morning (7 a.m. – 10 a.m.) event is brought to you in colla...
