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Latest Federal & Government Contracting Companies' News Coverage
is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.
Cloud security company Redacted has appointed Jim Hansen, former chief operating officer and co-founder of Mandiant, to serve as CEO. Hansen will replace Max Kelly, who will transition to the executive chairman role after serving as chief executive for the past seven years, Redacted said Monday. “As a customer-obsessed leader with an extreme bias towards […] More
HII plans to hire up to 2,000 additional full-time personnel to support shipbuilding operations at the company’s 800-acre facility in Mississippi. Ingalls Shipbuilding division is looking to recruit pipefitters, structural welders and other skilled people who can help the business construct vessels for national security customers, HII said Thursday. The business recently completed a project […] More
Boeing‘s Aurora Flight Sciences subsidiary has signed a partnership agreement to help Virgin Galactic design and manufacture two spaceship carrier airplanes for use beginning in 2025. Both motherships are intended to carry and release spacecraft at 50,000 feet from the ground, Virgin Galactic said Thursday. Virginia-based Aurora will build the motherships at its West Virginia […] More
Stellar Solutions‘ venture capital arm plans to invest in early-stage space technology companies after closing a new fund that has fetched $23 million in capital. SV Andromeda Fund will back startups who are aiming to bring products to the government and commercial space markets, Stellar Ventures said Thursday. “We are standing at the precipice of […] More
The U.S. Navy has awarded Ultra’s maritime business unit a five-year, $42 million contract to manufacture devices for training service personnel on how to operate a system designed to guard surface vessels and submarines against torpedo threats. Ultra Maritime, formerly known as Ocean Systems, will provide the Acoustic Device Countermeasure MK 2 and ADC MK […] More
An IMARC Group report says the convergence of artificial intelligence with other technologies and the demand for security services are among the forces that will drive growth of the worldwide market for government-focused cloud offerings. The research company found that the government cloud sector hit $27.6 billion in 2021 and predicted the value to reach […] More
L3Harris Technologies will acquire an initial 7.2 percent stake in laser communications equipment supplier Mynaric as part of an $11.4 million investment deal. Under the agreement, L3Harris will obtain 409,294 of the Munich-based company’s bearer stock for approximately $27.90 each share and also gain access to select testing platforms such as a satellite link emulator, […] More
Lockheed Martin‘s rotary and mission systems business will provide technical engineering and management services to Australia’s Surface Combatant Program under a $192.4 million contract modification from the U.S. Navy. The Australian government initially obligated $60.7 million for the foreign military sales requirement, according to a Department of Defense notice published Friday. DOD expects the services […] More
Francisco Partners has launched a new independent company, named Merative, upon completion of the private equity firm’s acquisition of health care data and analytics assets from IBM’s Watson business. The transaction was first announced in January and the investment company said Thursday it appointed Gerry McCarthy, a three-decade health care industry veteran, as CEO of […] More
John Ratcliffe, former director of national intelligence and current co-chair of the America First Policy Institute’s Center for American Security, has been appointed to a senior advisory role at American Global Strategies. He will advise AGS clients within the defense, aerospace, private equity, technology and cybersecurity sectors, the Washington, D.C.-based advisory firm said Wednesday. AGS […] More
A pair of identical supercomputers being operated by General Dynamics‘ information technology unit started to process weather forecast models from the National Oceanic and Atmospheric Administration. The General Dynamics IT business said Wednesday it maintains the Dogwood and Cactus machines at two separate facilities in Virginia and Arizona, respectively, as part of the agency’s Weather […] More
Sarcos Robotics subsidiary RE2 has assembled and tested a gripper technology in a laboratory environment as part of a U.S. Navy-funded underwater end-of-arm tool development project. The Strong Tactile mARitime hand for Feeling, Inspecting, Sensing and Handling system is designed to help military operators dispose of undersea mines and explosive ordnance remotely, Sarcos said Tuesday. […] More
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