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Latest Federal & Government Contracting Companies' News Coverage
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
Anzu Partners, an investment firm focused on industrial and life sciences technology companies, and J.A. Green & Company, a full-service, bipartisan government relations firm, announced appointing James “Hondo” Geurts and retired U.S. Army Gen. John “Mike” Murray as venture partners for the Anzu-Green Critical Technologies Fund. In a press release Tuesday, Jeff Green, co-managing partner […] More
Defense technology company Parry Labs raised $80 million in growth capital from its first institutional investment round. Capitol Meridian Partners led the investor group, joined by True Ventures, 3Wire Partners and Teamworthy Ventures, Parry Labs said Wednesday. John Parkes, co-founder and CEO of Parry Labs, said, “The Parry team is leading the way defense customers can leverage digital engineering and […] More
Austal USA held a ribbon-cutting ceremony for its expanded research center at the Austal USA Advanced Technologies facility in Charlottesville, Virginia. The company said Monday that it had increased the facility’s size by 10,000 square feet, allowing the research center to accommodate equipment for Industry 4.0 application development. Michelle Kruger, Austal USA president, said, “The […] More
Comtech, a global technology company, has officially moved to its new corporate headquarters in Chandler, Arizona. The relocation from Melville, New York to Comtech’s new HQ is part of its commitment to upgrade its corporate infrastructure and boost its culture of innovation, the company said Friday. The new location has approximately 150,000 square feet of strategically […] More
X-Bow Systems announced completing the preliminary design review for the Large Solid Rocket Motor, or LSRM, program on time and passing the PDR for its hypersonic booster contract. Mark Kaufman, co-founder of X-Bow Systems and concurrent LSRM executive vice president, said in a news release Tuesday, “It’s exciting to see the character of our motor […] More
Enlightenment Capital, an investment firm focused on the aerospace, defense, government and technology sector, announced a strategic investment in Cryptic Vector, which provides offensive cyber, electronic warfare and radio frequency communications offerings for the intelligence community and the Department of Defense. Devin Talbott, founder and managing partner of Enlightenment Capital, said in a press release Thursday, […] More
Vivace International Corporation, a developer of propulsion tanks for customers across spaceflight, hypersonic and launch vehicle markets, has appointed Luke Wright as director of operations. Vivace said Tuesday that Wright previously worked for industrial conglomerate Textron, where he served as a senior engineering and operating executive. Wright brings to his new role at Vivace nearly […] More
Edge Autonomy, a provider of uncrewed autonomous systems, hosted an event at its Huntsville, Alabama, facility to mark the expansion of services at that site. Because of the increasing demand for its products and services, the company said Monday that it plans to double the size of the facility and increase production capacity in the […] More
Auterion, the builder of software-defined computing platforms for drones and autonomous systems, has completed the transfer of its corporate headquarters from Moorpark in South California to Arlington, Virginia, a move that brings the company closer to private and public sector clients, particularly federal agencies and defense-related customers. In a press release Wednesday, Lorenz Meier, CEO of Auterion, said, "Being physically closer to our customers allows us to provide more responsive support and collaborate more effectively."
Citizant, a business and IT products and services provider to the U.S. government, has promoted Pamela Schoppert, formerly the company’s vice president of human experience and quality, to chief people officer. In a press release Tuesday, Alba Aleman, CEO of Citizant, said, “Pam Schoppert embodies our ‘palms-up’ philosophy of giving and teaches the importance of […] More
KBR, a provider of engineering and technology solutions, has announced its first quarter fiscal 2024 results that showed adjusted EBITDA growth with margin expansion. In a press release Tuesday, Stuart Bradie, president and CEO of KBR, said, “KBR’s extraordinary team has yet again surpassed expectations, delivering outstanding first-quarter results.” He noted the year-over-year increases across […] More
