Booz Allen Hamilton has increased to $300 million its capital commitment to its venture capital arm as part of efforts to drive U.S. innovation through investments in early-stage technology companies with tech capabilities that could transform U.S. government missions. The company said Monday it expects Booz Allen Ventures to make 20 to 25 new inves...
The U.S. Navy has awarded General Dynamics Electric Boat a $159.7 million contract modification to establish five contract line-item numbers, or CLIN, to facilitate the procurement of onboard repair parts for Virginia-class submarines. The Department of Defense said the General Dynamics subsidiary will perform work in Groton, Connecticut, through No...
QinetiQ US has appointed Scott McGleish as its new chief growth officer to accelerate its expansion into strategic growth areas, particularly within defense and national security sectors. Who Is Scott McGleish? McGleish steps into the role with more than three decades of senior executive experience in aerospace and defense development and profit and...
LMI has secured a potential $116.7 million firm-fixed-price contract from the Washington Headquarters Services to provide professional support services to the Office of the Under Secretary of Defense for Acquisition and Sustainment. Contract Scope and Details The Department of Defense said Friday the contract operates on a level-of-effort basis for...
The Department of Veterans Affairs has awarded a potential five-year, $276 million contract to a joint venture of ThunderYard and Booz Allen Hamilton to meet VA’s data and analytics requirements. According to a notice published Wednesday on the Federal Procurement Data System-Next Generation, VA received 16 offers for the Data and Analytics In...
Hadrian, a company specializing in artificial intelligence-powered factories, has secured $260 million in capital to construct new facilities to expand manufacturing and research and development capabilities for shipbuilding and naval defense production. The California-based advanced manufacturing company said Thursday the investment, which com...
Lockheed Martin has named John Stevens vice president and chief M&A and securities counsel. Stevens confirmed the development in a LinkedIn post shared Thursday. In his new role, Stevens will lead corporate counsel for mergers and acquisitions, venture investments, corporate and securities law, treasury and corporate finance, investor ...
President Trump’s March 20 executive order “Eliminating Waste and Saving Taxpayer Dollars by Consolidating Procurement” has major ramifications for GovCons. It will drastically change government acquisition by making the General Services Administration the lead for domestic federal procurement for common goods and services. The exe...
L3Harris Technologies has appointed Eric DiStasi as vice president of strategy and business development and general manager of its advanced missile programs. DiStasi confirmed his new role in a LinkedIn post Thursday. Who is Eric DiStasi? The executive is a long-time defense industry leader. He joined L3Harris in 2021 as director of corporate strate...
Fairbanks Morse Defense has completed its acquisition of Rolls-Royce’s naval propulsors business as part of a push to expand its capabilities to support the U.S. marine defense industrial base, strengthen national security and advance regional economic growth. “This acquisition represents a strategic investment in sustaining the United S...
