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Latest Federal & Government Contracting Companies' News Coverage
Federal IT solutions and services provider Concept Plus has received a growth investment from Blue Delta Capital Partners. Concept Plus said Wednesday that its “strategic growth evolution” will be supported by the venture capital firm's minority-ownership investment.
The Department of State has approved a possible foreign military sale of 36 AIM-120C-8 Advanced Medium Range Air-to-Air Missiles to the government of Lithuania. The transaction, which has a total estimated cost of $100 million, includes an AIM-120C-8 AMRAAM guidance section, common munitions built-in-test/reprogramming equipment, ADU-891/E adapter group computer test sets and AIM-120 spare control sections and containers, the Defense Security Cooperation Agency said Monday.
Air Force Global Strike Command innovation hub STRIKEWERX has selected 26 entities to aid the AFGSC Office of the Chief Scientist’s effort to research and develop technologies to defend mobile transport systems against swarming autonomous small unmanned aircraft systems. The finalists from 75 submissions for the Continental U.S. Mobile C-sUAS Swarm Defeat Challenge will have to pitch their solutions for countering small drones via a virtual showcase in November, STRIKEWERX said Thursday.
HawkEye 360 raised an additional $10 million in the second and final close of its Series D-1 funding round. The radio frequency data analytics company said Wednesday that investments from Lockheed Martin Ventures and company insiders brought the Series D-1 total to $68 million.
Shield Capital has announced the final closing of its inaugural fund focused on early-stage venture capital investments. Upon its closing, Shield Capital Fund I, L.P. was oversubscribed at 55 percent above target and had obtained $186 million in capital commitments from institutional and private investors, Shield Capital said.
NASA launched the first deep space spacecraft built by Maxar Technologies' space systems business from the Kennedy Space Center in Cape Canaveral on Friday, Oct. 13. Maxar Space Systems created the spacecraft chassis based on the Maxar 1300 series bus.
Booz Allen Hamilton says it is more determined to lead in deploying artificial intelligence for the federal government. The management and technology consulting firm announced on Wednesday new insights from its AI portfolio and the new stack of AI capabilities that can help accelerate the ability to achieve critical mission success.
GM Defense, a General Motors subsidiary, and Anduril Industries announced a teaming agreement, establishing a framework to collaborate on defense program capture activities. The team will focus on delivering autonomy solutions, battery electrification and other new propulsion technologies.
L3Harris Technologies has signed a multi-year strategic agreement with Creation Technologies to support critical defense and aerospace programs. The agreement involves streamlining manufacturing and design processes with the aim of improving the capability of the defense industrial supply base, L3Harris said Monday.
The venture arm of Lockheed Martin has made an investment in goTenna, which is currently undergoing its series 1 fundraiser. The mesh networking technology developer said Friday it will use the new funding to provide the U.S. government with improved capabilities, including those for situational awareness and connectivity.
AI company Vayu Robotics announced the closing of its seed financing round of $12.7 million led by Khosla Ventures, with participation from the investment arm of Lockheed Martin, ReMY Investors and others. Vayu said the funding round will enable the scaling of product development for AI robotics across markets.
Advanced IT Concepts has entered into a strategic partnership with FVLCRUM, a private equity firm with extensive experience working with government contractors. AITC, which provides defense and federal agencies with technology solutions, said Friday that FVLCRUM's investment will help bring about the company's continued growth.
