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Latest Federal & Government Contracting Companies' News Coverage
General Dynamics Information Technology announced the strong growth of its Digital Accelerator product portfolio in its first year. The General Dynamics business unit said Tuesday it leveraged these new offerings in 2023 and won more than $2 billion in contracts.
KBR will join with The Henry M. Jackson Foundation on the Service Personnel Advancing Research in Chronic Traumatic Encephalopathy contract. The SPARC contract supports neuroscience research for service members and will specifically focus on patients affected by traumatic brain injuries, KBR said Monday.
Aerojet Rocketdyne has opened a modernized facility in support of the LGM-35A Sentinel Program. The L3Harris Technologies company said Thursday that with Aerojet’s capital investment and the facility’s opening, the Sentinel hardware fabrication facility is now available for the final assembly of the Sentinel Post Boost Propulsion System.
ASRC Federal will serve as a subcontractor to Space & Technology Solutions on the $719 million indefinite-delivery/indefinite-quantity Omnibus Multidiscipline Engineering Services III contract it had received from NASA earlier this year. ASRC Federal said Thursday that under the deal, two of its subsidiaries will provide hardware and software engineering services to help develop and validate technologies that would enable future NASA space and science missions, including those for the Joint Polar Satellite Systems and Exploration and In-Space Services programs.
T-Rex Solutions has received a subcontract from Agile Defense on a single-award, indefinite-delivery/indefinite-quantity deal worth up to $1.01 billion meant to support the Defense Information Systems Agency. T-Rex said Tuesday that, under the Test, Evaluation and Certification II contract, Team Agile will provide various services to the Joint Interoperability Test Command, including test and evaluation planning, results reporting and data collection and analysis for various functional areas.
True Anomaly recently completed its Series B funding round, raising $100 million, which will be used for investment in products, services and personnel. The funding round was led by Riot Ventures and saw participation from several other investors, including Eclipse, the Colorado-based space technology provider said Tuesday.
L3Harris Technologies has appointed Kirk Hachigian, former chair and CEO of JELD-WEN Holding and Cooper Industries, and William Swanson, retired chair and CEO of what was then Raytheon Company, as new members of its board of directors, effectively immediately. L3Harris also said Monday that its operational performance, cost structure and portfolio composition will undergo a review by a committee to be appointed by the board as part of the company's commitment to shareholder value creation.
Advanced Technology International has been awarded an other transaction agreement by the Naval Surface Warfare Center Crane Division. The public service non-profit company said Thursday that, under the OTA, it will serve as the manager for the Expeditionary Missions Consortium – Crane.
Dcode Capital, a J.P. Morgan Asset Management-backed company, announced a fourth investment from its inaugural fund in oneNav. Dcode Capital said Thursday that oneNav is the inventor of a Global Navigation Satellite System receiver that exclusively works with the L5 signal, an upgrade to legacy Global Positioning System signals that offers greater location accuracy while being harder to jam or spoof – qualities that suggest potential applications for the U.S. Department of Defense.
EnCharge AI closed its second institutional funding round – which saw participation from RTX Ventures, VentureTech Alliance and ACVC Partners – and secured $22.6 million in additional funds from strategic partners. EnCharge AI, which has raised $45 million to date, said Tuesday the funding round underscores the demand for new AI chips.
Gecko Robotics, a developer of software and robotic technologies that work to build and maintain physical assets, announced raising $100 million from the extension of its Series C funding round in addition to the $73 million it had already received. Gecko Robotics said Tuesday that part of the Series C extension involves the expansion of its corporate board with the addition of U.S. Innovative Technology Managing Director Gaetano Crupi and Founders Fund Partner Trae Stephens.
Intelsat held an investor day on Nov. 30 during which officials offered attendees a look at the company's finances. Intelsat CEO and seven-time Wash100 awardee David Wajsgras said during the event that his company is positioned to deliver $2.1 billion in revenue this year.
