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Boeing Defense, Space & Security appoints Stephen Parker as CEO.Executive Moves
  • July 2, 2025

    Boeing Appoints Stephen Parker as CEO of Defense, Space & Security

    Boeing has named Stephen Parker as the permanent CEO of its defense, space and security business. Parker’s appointment comes after
    Parsons acquired CTI, a Bluestone Investment Partners portfolio company, to expand its electromagnetic warfare platformsM&A Activity
    • July 2, 2025

      Parsons Buys Bluestone-Backed CTI for $89M

      Parsons has acquired Chesapeake Technology International, a Bluestone Investment Partners portfolio company, for approximately $89 million as part of a
      DHS terminated the FirstSource III contract for IT services and the PACTS III contract for professional servicesAcquisition & Procurement
      • July 1, 2025

        DHS Cancels FirstSource III IT Support, PACTS III Professional Services Contracts

        The Department of Homeland Security has decided to cancel the FirstSource III and PACTS III contract vehicles for IT support
        Boeing will provide JDAM guidance kits to Israel under a potential $510 million FMS contract.Foreign Military Sales
        • July 1, 2025

          State Department Clears Israel’s $510M Munitions Guidance Kits FMS Request

          The Department of State has approved Israel’s $510 million foreign military sale request to procure munitions guidance kits, munitions support
          USSOCOM issued a draft RFP for the Special Operations Forces Global Logistics Support Services II contractAcquisition & Procurement
          • July 1, 2025

            USSOCOM Issues Draft RFP for Special Operations Forces Global Logistics Support Services II Contract

            The U.S. Special Operations Command has begun soliciting input on a draft request for proposals for the Special Operations Forces Global
            TransDigm agreed to acquire RTX business Simmonds Precision Products, a maker of fuel and proximity sensing systemsM&A Activity
            • July 1, 2025

              TransDigm Strikes $765M Deal to Acquire Simmonds

              TransDigm Group has agreed to acquire Simmonds Precision Products from defense contractor RTX for approximately $765 million in cash. TransDigm
              Michael Greenman, Deltek senior manager for cloud solutions said small GovCons should be wary of slashing labor costsIndustry News
              • July 1, 2025

                AI Could Help Small GovCons Curb Growth Struggles, Deltek Study Suggests

                AI technologies such as generative AI could help small GovCons improve efficiency in light of weak growth forecasts, according to
                Raytheon secures $279M Army Phalanx weapon system support contract.Contract Awards
                • June 30, 2025

                  Raytheon Awarded $279M Army Phalanx Weapon System Support Contract

                  The U.S. Army has awarded Raytheon a $279.2 million cost-plus-fixed-fee contract to provide functional management support for the Land-based Phalanx
                  DOD issued its $961.6 billion proposed fiscal 2026 budget, which includes $301.1 billion for the U.S. Air ForceDepartment of War
                  • June 27, 2025

                    DOD Unveils $961.6B Fiscal Year 2026 Budget Request

                    Senior Department of Defense officials and military leaders released on Thursday DOD’s $961.6 billion fiscal year 2026 proposed budget, which
                    The State Department unveiled the 16 awardees on the GLOBALCAP IDIQ contract for logistics and professional servicesContract Awards
                    • June 27, 2025

                      State Department Awards 16 Spots on $5B GLOBALCAP Contract

                      The State Department has selected 16 companies for the 10-year, $5 billion GLOBALCAP contract vehicle to support U.S. foreign policy
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                      • Carahsoft Adds Nothreat & Hyperproof Cyber, Compliance Tools to Government Portfolio
                      • MITRE, Oak Ridge National Lab Launch Institute to Advance Computing Tech for National Security
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