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Latest Federal & Government Contracting Companies' News Coverage
Venture capital financing company In-Q-Tel made an investment in Cloudburst Technologies during the cyber threat intelligence provider's latest venture funding round. Cloudburst said Monday that the investment will make it possible for the company to support various U.S. government agencies.
Parry Labs will work to deliver software and mission system hardware for the P550 uncrewed aircraft system under a teaming agreement with AeroVironment. AV said Monday that the P550, which is being developed for the U.S. Army Long Range Reconnaissance program, was designed with a Modular Open Systems Approach, in which Parry Labs is a leader.
RTX business Pratt & Whitney has announced a $20 million investment to increase by 40 percent the capacity of its West Palm Beach Engine Center to maintain, repair and overhaul GTF engines. The facility expansion, will result in a 25 percent workforce increase and the addition of new equipment as well as technologies developed at the North American Technology Accelerator, is expected to be completed by the second half of 2025, RTX said Wednesday.
Raft, a software engineering firm, received over $60 million in strategic growth investment from Washington Harbour Partners, a private investment firm. Raft said Wednesday that the growth capital will help with its research and development efforts and enhance its command and control product offerings for the tactical edge.
Noblis, a science, technology and strategy services provider to the federal government, announced that its corporate venture arm, Noblis Ventures, has made an investment in Sedaro, a cloud software company that develops a digital engineering platform. “Sedaro's digital simulation tools enable high-technology readiness on complex physical system designs significantly faster than traditional approaches through unified modeling, data fusion and automation pipelines,” said Mile Corrigan, Noblis president and CEO and a Wash100 awardee, through a press release issued Tuesday.
Edgewater Federal Solutions has announced that Shaun Poulton will be its next chief technology officer and head the company’s technology innovation organization. Edgewater said Monday that in his new position, Poulton will work to drive growth and identify and deliver IT solutions to customers.
Enlightenment Capital, a government market investment firm, announced investing in Summit Technology Group, a key federal software partner, though the terms and amount of the investment were undisclosed. Devin Talbott, founder and managing partner of Enlightenment, said in a statement Thursday that STG will serve as the foundation for Enlightenment’s government and regulatory software solutions platform.
OROS Labs, the creator of Solarcore insulation, has announced raising $22 million at the close of its Series B funding round, which was led by Airbus Ventures. The thermal product developer said Wednesday that the fresh funds will support its expansion in consumer, commercial and government industries.
Helicity Space, a developer of fusion power for in-space propulsion and power technology, has announced securing an investment from Lockheed Martin Ventures, Lockheed Martin’s venture capital wing. This second funding round is a follow up to the initial round in December participated by institutional investors.
Parry Labs has announced the appointment of Mark Blanco as its chief growth officer. In this new role, Blanco will work to steer long-term strategy, lead strategic opportunities and foster strong customer relationships, Parry Labs said Monday.
C3 AI has announced an enhanced partnership agreement with Paradyme to hasten the delivery of artificial intelligence offerings to the U.S. intelligence community. The enterprise AI application software company said Thursday it started working with the technology solutions provider in 2021 and that they have delivered AI-powered applications to federal agencies since.
Saab has announced plans to build a new munitions facility in the U.S. The Swedish defense and security company said Tuesday it is growing its footprint in America and the new facility could boost munitions production capacity and strengthen its global supply chain.
