Tag Archives: Defense Department

Information technology companies Smartronix and Trident Technologies have received strategic investments from New York-based private equity firm OceanSound Partners.

BAE Systems’ U.S. subsidiary has agreed to acquire two businesses that are being divested in order for United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) to secure the required antitrust approval for their pending merger.

A Bloomberg Government webinar revealed that a Department of Defense component agency, two service branches and a civilian agency plan to recompete six of the largest contracts this year, Federal News Network reported Thursday.

Artificial intelligence software maker C3.ai has received a potential five-year, $95M contract from the Department of Defense's innovation arm to provide an AI-based technology for aircraft maintenance use.

Whitney, Bradley & Brown, a portfolio company of private equity firm H.I.G. Capital, has completed its acquisition of Arlington, Va.-based Decisive Analytics Corp. for an undisclosed sum.

President Donald Trump plans to redirect approximately $7.2B in defense funds in 2020 to support construction work on the border wall project, The Washington Post reported Tuesday.

The Pentagon’s Defense Innovation Unit has started to seek offers from U.S. operators of remote sensing satellites that can provide data analytics and imagery services, SpaceNews reported Monday.

The Defense Logistics Agency has awarded SupplyCore a spot on a potential five-year, $300M contract for maintenance, repair and operations support within U.S. Central Command's area of responsibility.

The total value of unclassified information technology contracts awarded by the federal government during its 2019 fiscal year increased by 6 percent to $69B and nearly $40B of the obligated funds came from the Department of Defense, Bloomberg Government reported Wednesday.

The Professional Services Council has urged the departments of State and Defense to improve communications and coordination with industry on threats and other safety risks facing U.S. government contractors overseas.