Godspeed Capital has made a strategic investment in GALT Aerospace, establishing the California-based company as a new defense technology platform focused on advancing multi-domain command, control and communications capabilities. The deal positions GALT for accelerated growth as demand rises for Joint All-Domain Command and Control, or JADC2, techn...
RTX subsidiary BBN Technologies has secured a potential five-year, $125 million contract from U.S. Transportation Command to provide a suite of tools to support the development of simulation and modeling environments. What Is the Scope of the USTRANSCOM IDIQ Contract? The Department of War said Monday the indefinite-delivery/indefinite-quantity cont...
Sierra Space has appointed Jeff Schrader, former executive at Lockheed Martin, as chief strategy officer. The Louisville, Colorado-headquartered company said Monday that Schrader will spearhead initiatives, including corporate development and mergers and acquisitions, to support Sierra’s growth and expansion. “As we accelerate the busine...
The National Institutes of Health, or NIH, has released a request for proposals for a potential $3 billion professional, scientific and technical support services contract. What Is the Scope of the NIH Contract? According to the solicitation notice posted Thursday on SAM.gov, the multiple-award contract covers a broad range of services for...
Rahul Dubey, vice president of global regulated markets solutions at CyberArk, said federal agencies should treat artificial intelligence agents as a new class of privileged identities to mitigate emerging security risks. “AI agents have access to an organization’s most sensitive resources, which makes them privileged identities. And alt...
Overmatch Ventures has raised a $250 million second fund to expand investments in early-stage companies focused on defense, space and deep technology sectors. What Is the Investment Focus for Fund II? The venture capital firm said Tuesday the oversubscribed raise, which builds on its $70 million debut fund, will be utilized to expand Overmatch&...
Performance Drone Works has raised more than $110 million in a Series B financing round to scale military drone production, strengthen engineering capabilities, expand product offerings and support future growth initiatives and other strategic programs. The latest funding round reflects continued investment activity across the defense technology and...
Raytheon, an RTX business, has received two contract modifications with a total value of $966.7 million from the Missile Defense Agency to support continued development and sustainment of the Army Navy Transportable Radar Surveillance Control Model-2, or AN/TPY-2, system. What Is the Scope of the $773.5M Modification? The Department of War...
Shield AI has agreed to acquire simulation software company Aechelon Technology as part of efforts to expand its technological capabilities. The San Diego-based defense and aerospace technology company said Thursday it is also raising $1.5 billion in a Series G funding round at a post-money valuation of $12.7 billion, alongside $500 m...
Parsons Government Services has secured a potential $98.5 million task order from the Air Force Research Laboratory to support command and control, space, and intelligence, surveillance and reconnaissance software development under the second iteration of the Global Application Research, Development, Engineering and Maintenance program. T...
