Latest Federal & Government Contracting Companies' News Coverage

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Latest Federal & Government Contracting Companies' News Coverage

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Boeing has invested $50 million in the second funding round of its venture capital arm with AE Industrial Partners, AEI HorizonX, in a move intended to support startup technology companies. AEI HorizonX is aiming to raise $250 million in funding to help enable up-and-coming mobility, space and sustainability-focused aerospace companies, Boeing said Wednesday. “This new Fund […] More
Firefly Aerospace has raised $75 million in a round of Series B financing led by AE Industrial Partners and will use the capital to support future flights of its Alpha launch vehicle and advance the development of the Blue Ghost Lunar Lander Program and other launch and in-space platforms. AEI said Tuesday it also completed […] More
GigCapital4 has entered into a $75 million backstop agreement with AE Industrial Partners to support its pending business combination with BigBear.ai. Under the agreement, an affiliate of AE Industrial Partners will purchase up to 7.5 million shares of GigCapital4 stock at $10 per share, BigBear.ai and GigCapital4 said Tuesday. Additionally, BigBear.ai’s rollover equity has been adjusted to […] More
AE Industrial Partners has invested in Fire Team Solutions in support of the technology services provider’s continued development of offerings for its Department of Defense and intelligence community customers. The private equity firm said Monday the equity and debt investment from its affiliate AE Industrial Partners Structured Solutions I is meant to support Fire Team’s […] More

AE Industrial Partners has acquired UAV Factory, a provider of tactical unmanned aerial vehicle and intelligence, surveillance, reconnaissance technology. With the purchase, UAV Factory will serve as an unmanned technology platform for AEI. Terms of the transaction were not disclosed. "UAV Factory's engineering and technical capabilities, combined with its proven and growing set of technology solutions, are truly differentiated in the market," said Jeffrey Hart, principal at AEI.

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Steve Demetriou, chairman and CEO of Jacobs Engineering Group, and Terry Hagen, president of the company's aerospace and technology group, are scheduled to speak on Feb. 8 at the 39th annual Cowen Aerospace/Defense & Industrials Conference in New York. Jacobs said Monday Hagen, a 2018 Wash100 recipient, and Demetriou will present at 2:50 p.m. Eastern time. […] More
BAE Systems has rebranded its Saudi Arabia-based U.S. office in an effort to boost industrial partnerships within the region, Arab News reported Tuesday. The company’s former Land Services Arabia unit was renamed BAE Systems Saudi America to represent the organization’s delivery of in-country services and collaboration with customers and partners from Saudi. The report noted the […] More
Taiwan's state-owned aerospace firm has begun to upgrade four Lockheed Martin-built F-16 Fighting Falcon aircraft for the country's air force, Defense News reported Tuesday. Mike Yeo writes Aerospace Industrial Development Corp. said it expects to complete modernization work on 144 F-16s within six years at its Taichung facility. According to the 2011 foreign military sales request […] More
Arlington, Virginia-based PAE has received the Defense Security Service‘s James S. Cogswell Outstanding Industrial Security Achievement Award for the company’s support to Naval Air Station Patuxent River. PAE said Tuesday 42 facilities received the Cogswell award, which DSS presented at a National Classification Management Society seminar June 8. PAE CEO John Heller noted the company has supported the U.S. Navy at Patuxent River […] More
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