Business/Financial
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Business/FinancialState Department Selects CGI, GD, PAE To Compete On $3 Billion Global Support Contract
The Department of State has selected CGI [GIB], General Dynamics [GD] and PAE [PAE] to compete for task orders on its potential 10-year, $3.3 billion contract to provide consular support […]
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Business/FinancialCoast Guard Awards Lockheed Martin $850 Million For New H-60 Hulls
The Coast Guard last Thursday awarded Lockheed Martin’s [LMT] Sikorsky business unit a potential $850 million contract for new H-60 helicopter hulls as part of the sustainment program for the […]
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Business/FinancialRedwire Acquires Spacecraft Engineering Firm Oakman Aerospace
Redwire on Tuesday said it has made another acquisition to further build out its space solutions platform, adding Oakman Aerospace, Inc., a provider of digital engineering capabilities for spacecraft design […]
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CongressPause in Defense Company PAC Contributions Raises Larger Questions
Defense companies’ pause in all political donations by their Political Action Committees (PACs) in the wake of the Jan. 6 attack on the U.S. Capitol is unlikely to disfavor disproportionately […]
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Business/FinancialCommerce Rule Identifies China, Russia, Iran And Others As Threats To Supply Chain
The Department of Commerce on Thursday issued an interim rule to secure the nation’s information and communications technology and services (ICTS) supply chain, identifying China, Russia, Iran, North Korea, Cuba […]
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Business/FinancialVTG Acquires Intelligent Shift, Adding Intelligence Community To Customer Base
VTG on Thursday said it acquired Intelligent Shift, a small company that enhances its digital transformation capabilities and gives it an entrée into the intelligence community. Terms of the deal […]
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Business/FinancialAeroVironment To Acquire Arcturus UAV, Expanding Portfolio Into Larger UAS
AeroVironment [AVAV] on Wednesday said it has agreed to acquire Arcturus UAV for $405 million in a deal that will expand its portfolio of unmanned aircraft systems (UAS) into larger […]
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Business/FinancialBoeing’s Insitu Unit To Pay $25 Million In Settlement Over ScanEagle Contracts
The Department of Justice on Tuesday said that Boeing’s [BA] Insitu business unit has agreed to pay $25 million to settle allegations related to overcharging on Defense Department contracts for […]
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Business/FinancialSmartronix Acquires Data Analytics Company Datastrong
Smartronix on Monday said it has acquired Datastrong, a developer of data architecture and business analytics solutions for federal and commercial customers, adding capabilities in data analytics and new customers. […]
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Business/FinancialBoeing To Pay $2.5 Billion To Settle 737 MAX Issues With U.S.
Boeing [BA] on Thursday agreed to a pay a $2.5 billion fine to resolve the U.S. government’s investigation into the company’s 737 MAX passenger aircraft, which has been grounded since […]