Science Applications International Corp. has appointed Josh Sorkin, most recently senior vice president, as chief innovation officer for its Navy business group. In a LinkedIn post published Tuesday, Barbara Supplee, executive VP of Navy business group at SAIC, said Sorkin will also lead Naval Information Warfare Systems Command and U.S. Marine Corp...
Space infrastructure provider Loft Orbital has raised $170 million in a round of Series C financing led by Tikehau Capital and Axial Partners. The San Francisco-based company said Tuesday it plans to use the capital to further support its operations, advance the launch of satellites for multiple constellations and grow its ecosystem of artificial in...
Crimson Phoenix has acquired Blackspoke to expand its capabilities in artificial intelligence-powered data labeling and geospatial intelligence. The Godspeed Capital Management-backed company said Tuesday the acquisition will enable it to drive innovation in critical areas and add to its portfolio prime contracts with the National Geospatial-Intelli...
Quantum computing is no longer just a theoretical pursuit or the domain of research labs. It has rapidly emerged as a transformative technology poised to revolutionize industries around the globe. Within the defense sector, its potential is both astounding and imperative. Quantum’s applications in national security promise to reshape operation...
Toby Hess, a seasoned business development executive with 25 years of industry experience, has been named vice president of radar and electronic warfare at Antenna Research Associates. The company said Monday Hess will spearhead its growth in the field of EW technology while leading efforts to address the demands of the defense sector. Toby Hes...
Data Machines has acquired Goforth Scientific to strengthen its commitment to delivering innovative platforms to the Department of Defense and the Intelligence Community. In a statement published Tuesday, Data Machines CEO Matt Quinn said the acquisition marks a pivotal step in the company’s growth strategy. “By uniting our capabilities, we ...
By Dante Ricci, Global Marketing Team Lead for Services, Financial Services and Public Services Industries at SAP While the idea of boosting government efficiency is enjoying a moment in the political spotlight, it’s not inherently political. Who doesn’t want the U.S. government — or any other organization, be it a business or a nonprofit â€...
Sentient Digital Inc. has acquired Maritime Surveillance Associates for an undisclosed sum to expand its sonar and acoustic technological capabilities for the U.S. Navy and partner countries. SDi said Monday the transaction enables it to focus on maritime security, cloud-based advanced analytics, foreign military sales and other key growth areas. &#...
Lockheed Martin has appointed industry leaders OJ Sanchez and Mike Shoemaker as vice president and general manager of Skunk Works and Integrated Fighter Group, respectively. “With their combined experience, OJ and Mike will work closely together – and with our broader team – to drive innovation and strategy across platforms, across Aeronautics...
Investment banking firm Evercore has issued its January report, highlighting the market performances of several U.S. defense and government services companies. The monthly update released by the firm’s aerospace, defense and government services team shows the enterprise and equity values, share performances and operating metrics of several U.S...
