Aerospace Group:

Business/Financial

QinetiQ Completes Acquisition Of Avantus Federal

By Cal Biesecker

Wednesday, November 23rd, 2022

SHARE:

QinetiQ Completes Acquisition Of Avantus Federal

Shawn Purvis, president and CEO of QinetiQ US. Photo: QinetiQ

Britain’s QinetiQ Group plc on Wednesday said its U.S. subsidiary has completed a $590 million acquisition of Avantus Federal in a deal that that more than doubles the size of the U.S. business and expands its presence in the federal market. Avantus, which is based in Northern Virginia, provides cyber, data analytics and software development solutions to the Departments of Defense and Homeland Security, the intelligence community and other federal agencies. The deal was first announced on Aug. 5 and…

Unmanned Systems

Counter-Drone Needs Will Be Addressed In Next NDAA Based On Iran War Lessons, Banks Says

A Republican senator on Armed Services Committee on Thursday said that defending against Iranian drones has been challenge for U.S. warfighters and will be an area of focus in the […]

Pentagon

Pentagon ‘Working Options’ On Iran Supplemental, May Seek Funds For New Capabilities

The Pentagon is “working options” for a potential supplemental spending request to fund the operation against Iran and replenish munitions used in the strike campaign, with a senior official noting […]

Congress

Wicker Backs “Crash Program” To Supply Ukraine With Low-Cost Weapons

Senate Armed Services Committee (SASC) Chairman Roger Wicker (R-Miss.) on Thursday proposed a rapid effort to supply Ukraine with low-cost weapons to aid that country in turning back Russia. “We […]

Congress

Dem Lawmakers Want To Codify Trump’s Push For More Defense Contractor Accountability

A group of four Congressional Democrats want to codify President Donald Trump’s push to hold defense firms accountable for prioritizing production investments over paying out stock buybacks, and are seeking […]