IonQ has agreed to buy Capella Space and Lightsynq Technologies to advance its plan to develop a space-based quantum key distribution, or QKD, network and extend its vision for the quantum internet. College Park, Maryland-based IonQ said Wednesday it expects the Capella Space transaction to conclude in the second half of 2025, subject to regulatory...
Dennis Hager shared on LinkedIn Tuesday that he has been named vice president of business strategy at Client Solution Architects. Career History The executive joins Client Solutions Architect after more than two years as president of his own company, Dennis Hager Consulting, where he guided companies through their growth initiatives by ena...
True Anomaly has raised $260 million in funding from its Series C financing round. The sum raised will support growth activities, facility and workforce expansion, vertical integration and product development, the defense company said Wednesday. Accel, a venture capital firm, led the Series C financing round. ACME Capital, Meritech Capital, Me...
SciTec secured a $259 million contract from the Space Systems Command on Apr. 24 to enhance the missile warning and tracking mission of the U.S. Space Force. FORGE EOS Contract Scope The SSC said Tuesday the Future Operationally Resilient Ground Evolution, or FORGE, Enterprise Overhead Persistent Infrared, or OPIR, Solution contract is intended...
Leidos posted $4.2 billion in fiscal year 2025 first-quarter revenue, reflecting a 7 percent year-over-year increase, and attributed the revenue growth to increased demand across all customer segments. Q1 2025 Financial Highlights In an earnings release published Tuesday, the defense and IT services contractor said it ended the quarter with a total ...
V2X reported $1.02 billion in revenue during the first quarter of 2025 with a 10 percent year-over-year growth in the Indo-Pacific region. Q1 Financial Highlights In an earnings release published Monday, the Reston, Virginia-based defense services contractor said its Q1 adjusted net income was $31.5 million, reflecting a 10 percent year-over-year in...
The U.S. Army has awarded spots to eight companies on a $499 million contract for the Geospatial Research, Integration, Development and Support IV, or GRIDS IV, program. GRIDS IV Contract Details The Department of Defense said Monday the companies selected to compete for each order of the contract are: General Dynamics Information Technology&nb...
Serco Group’s U.S. arm has promoted Kim Joiner, most recently senior adviser to the chief technology officer, to the position of vice president of government relations. “Kim’s wealth of experience will be an incredible benefit to Serco. Her efforts to enhance our presence on Capitol Hill and within various Departments and Age...
Rite-Solutions, a software development and systems engineering company, has secured a cost-plus-fixed fee Small Business Innovation Research Phase III contract from the U.S. Navy to support the service’s next-generation attack submarine program SSN(X) Combat Systems of the Future. The contract includes options that, if exercised, could increas...
David Broadbent spent over two decades at Raytheon, working across various divisions and sharpening his expertise in defense, space, intelligence and commercial cyber in a slew of leadership positions. Toward the end of his run at that company, Broadbent developed a strong interest in the space environment, and was appointed president of space syst...
