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Latest Federal & Government Contracting Companies' News Coverage
Investment firm Leonid Capital Partners has announced extending a new $20 million term loan to satellite vehicle maker ABL Space Systems. In a press release Wednesday, James Parker, co-founder of Leonid Capital Partners, said, “ABL Space Systems is doing groundbreaking work to increase domestic launch resiliency and build out ‘responsive launch’ capabilities for the Department 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
American Systems, a provider of information engineering services to federal customers, has announced that programs under its operations/support and strategic solutions have been appraised at Capability Maturity Model Integration Maturity Level 3, or the “defined” level, for development and services by API Process Improvements. John Steckel, president and CEO of American Systems, said in a […] More
Charles Stark Draper Laboratory, a non-profit research and development organization, announced the opening of a new engineering and operations campus in Clearfield, Utah. Draper said Tuesday that the new campus will serve aerospace and defense customers and enhance support for the Air Force Nuclear Weapons Center at Hill Air Force Base and other Department of […] More
Iron Bow Technologies has promoted Kevin Greene, one of its founding members, to vice president of business development. Rene LaVigne, CEO of Iron Bow and a Wash100 awardee, said in a press statement Tuesday, “As we continue to expand our business development efforts, Kevin will play a pivotal role in helping us disrupt the industry by delivering technology with a purpose and a focus on client outcomes and mission-centered solutions.”
Spirent Federal Systems has appointed retired U.S. Space Force Gen. David Thompson to an advisory role. The company said Monday that it plans to prioritize military position, navigation and timing innovation and would need strategic counsel from Thompson as it partners with defense and industry to develop robust test equipment for emerging navigation warfare technologies.
ICEYE has signed a definitive agreement for an oversubscribed $93 million growth funding round, bringing the company's total amount raised to $438 million. The microsatellite manufacturer and synthetic aperture radar satellite operator said Wednesday that the fresh funds will accelerate investment in its constellation of SAR satellites and expand its product portfolio.
Venture capital financing company In-Q-Tel made an investment in Cloudburst Technologies during the cyber threat intelligence provider's latest venture funding round. Cloudburst said Monday that the investment will make it possible for the company to support various U.S. government agencies.
Parry Labs will work to deliver software and mission system hardware for the P550 uncrewed aircraft system under a teaming agreement with AeroVironment. AV said Monday that the P550, which is being developed for the U.S. Army Long Range Reconnaissance program, was designed with a Modular Open Systems Approach, in which Parry Labs is a leader.
RTX business Pratt & Whitney has announced a $20 million investment to increase by 40 percent the capacity of its West Palm Beach Engine Center to maintain, repair and overhaul GTF engines. The facility expansion, will result in a 25 percent workforce increase and the addition of new equipment as well as technologies developed at the North American Technology Accelerator, is expected to be completed by the second half of 2025, RTX said Wednesday.
Raft, a software engineering firm, received over $60 million in strategic growth investment from Washington Harbour Partners, a private investment firm. Raft said Wednesday that the growth capital will help with its research and development efforts and enhance its command and control product offerings for the tactical edge.
Noblis, a science, technology and strategy services provider to the federal government, announced that its corporate venture arm, Noblis Ventures, has made an investment in Sedaro, a cloud software company that develops a digital engineering platform. “Sedaro's digital simulation tools enable high-technology readiness on complex physical system designs significantly faster than traditional approaches through unified modeling, data fusion and automation pipelines,” said Mile Corrigan, Noblis president and CEO and a Wash100 awardee, through a press release issued Tuesday.
