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Latest Federal & Government Contracting Companies' News Coverage
Private equity firm Falfurrias Management Partners announced an investment in Oddball and formed a strategic partnership with the digital services company supporting federal clients and government agencies. In a press release Wednesday, Travis Sorensen, co-founder and CEO of Oddball, said, “Our team of Oddballs does things differently, and our focus on taking the time to […] More
LMI, a technology provider to the federal government, announced the opening of its new office in Colorado Springs, Colorado, which will be the primary location to support the space market and its customers. In a press release Tuesday, Mark Eddings, senior vice president of LMI’s space market, said, “With this new location, we look forward […] More
Satellite communications company Telesat announced the appointment of U.S. Air Force veteran Charles “Chuck” Cynamon as the new president of Telesat Government Solutions, its subsidiary providing satellite solutions to U.S. government sectors and the intelligence community. In a press release Monday, Dan Goldberg, president and CEO of Telesat, said, “Throughout his distinguished career, Chuck has […] More
Edge Autonomy, a provider of autonomous uncrewed aircraft systems, advanced optics and energy solutions to the Department of Defense, was awarded a follow-on contract by the Navy and Marine Corps Small Tactical Unmanned Aircraft Systems Program Office, or PMA-263, for the delivery of the VXE30 Stalker small uncrewed aircraft system to support the Long Range/Long […] More
Private growth equity firm Hale Capital Partners has made an investment in ExistX, which works to deliver dual use digital offerings meant to benefit national security efforts. Hale Capital said Monday that ExistX was established in 2023, having been spun out of advanced computing and secure systems specialist Galois with the aim of transitioning that […] More
Julien Lederman was named interim CEO at Nano Dimension, a provider of digital manufacturing technologies and intelligent machines. Lederman, who will hold the CEO post while the company’s board of directors searches for a permanent appointee, previously served as vice president of corporate development, Nano Dimension said Thursday. In a statement, Ofir Baharav, chairman of […] More
BAE Systems has secured a $68 million contract from the U.S. Army to produce additional 44 Cold Weather All-Terrain Vehicles or CATVs, the company said. The Army awarded the defense and security company’s land and armaments unit a seven-year, $278.2 million contract in August 2022 to produce a modernized ground vehicle designed to operate in […] More
Bluestone Investment Partners, a private equity firm focused on middle-market defense and government services companies, made a strategic investment in Valiant Solutions, a cybersecurity provider to federal agencies, and brought in government technology sector veterans George Wilson, a Wash100 awardee, and Tom Weston to drive the next growth phase. “We are thrilled to partner with […] More
ICEYE, an Earth observation company known for its synthetic aperture radar, or SAR, satellite operations, announced extending an earlier growth funding round and securing an additional $65 million from Solidium Oy-managed funds, BlackRock, Seraphim and other investors. In a Wednesday press release, Susan Repo, chief financial officer at ICEYE, said, “ICEYE has experienced unwavering momentum […] More
Artificial intelligence company Databricks is working to raise $10 billion in non-dilutive financing from its Series J funding round led by Thrive Capital, co-led by multiple organizations including Andreessen Horowitz and participated in by Ontario Teachers’ Pension Plan, plus a new investor group that includes ICONIQ Growth and Wellington Management. Databricks said Tuesday that it […] More
Archer Aviation announced forming a strategic partnership with Anduril Industries to jointly develop a hybrid-propulsion, vertical-take-off-and landing, or VTOL, aircraft and raising $430 million from an equity offering. In a press release Thursday, Adam Goldstein, founder and CEO of Archer, said, “The Archer team has deep expertise in the rapid design, engineering, and production of […] More
Lockheed Martin announced that its board of directors elected retired U.S. Navy Adm. John Aquilino, a former U.S. Indo-Pacific Command commander, as a member, effective Dec. 11. Jim Taiclet, chairman, president and CEO of Lockheed Martin, said in a press release Wednesday, “Admiral Aquilino’s service to the nation and extensive experience in complex, global operations, […] More
