Companies

A handful of space and defense tech M&A moves to highlight

One of these transactions involves three defense technology and professional services providers, which are joining forces with private equity backing.

Defense contractor gets 4-year prison sentence for bribing Navy official with sports tickets

Philip Flores of Intellipeak Solutions received 8(a) contracts through a kickback scheme.

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Deltek lays off 275 workers in global workforce reduction

The software and market intelligence company cites "investment in long-term growth" as its reason for the cuts.

Katie Arrington departs DOD to rejoin private sector

CMMC's standard bearer is joining quantum computing company IonQ as its chief information officer.

A pair of transitions at the top and more leadership moves across the market

Our newest listing of key hires and promotions also features one at a defense giant's corporate development team and a high-profile Pentagon official's new position in industry.

Appian, Army sign $500M enterprise license pact

The service branch will have access to both the core Appian platform and a cloud offering under this agreement, which is similar to the one with Palantir.

Defense software, cyber and aircraft highlight the week in venture rounds

Merlin Ventures, Northrop Grumman and the venture investment arm of RTX feature in this roundup of startup activity that is relevant to the government landscape.

Parsons buys Altamira for $330M cash

Parsons is adding 600 employees through this transaction, which also further grows the company's presence across intelligence programs and the Indo-Pacific region.

Dynamo Technologies enters space, defense domains via acquisition

Substantially all of Dynamo's work prior to this transaction centered around the Agriculture Department.

Hexagon's federal arm promotes new leader from within

The parent corporation is preparing to split in two during the first half of this year.

Luminary Cloud expands physics AI toolkit with defense-focused models

The company designed its new SHIFT models to address collaborative combat aircraft, autonomous submarines, and fluid dynamics challenges.

New partnership targets federal equity investment wave

Clark Street Associates and Finalis team up as the Trump administration looks to acquire more equity stakes in companies.

L3Harris to spin off its rocket motor business with the Pentagon as an anchor investor

In a first-of-its-kind partnership, the Defense Department is taking a $1 billion stake in the business ahead of an initial public offering later this year.

Everfox hires Wajsgras as chief executive

Dave Wajsgras more recently led Intelsat through its transition to becoming a managed services provider and subsequent sale to fellow satellite network operator SES.

A trio of private equity-driven transactions to note

Aurex and B&A detail their latest purchases with their owners' backing, while Pond & Company has found a buyer.

DHS launches office for drone and counter-drone technologies

The agency said the new office is already in the process of finalizing a $115 million investment in counter-drone tech that will be used to help secure the FIFA World Cup and activities celebrating the United States’ 250th anniversary.

Andreesen Horowitz, Hadrian and Valinor detail their newest capital raises

Two firms highlighted in this summary of venture activity in the market describe their plans for investing in more businesses, while a manufacturing startup takes the next step in its “factories-as-a-service” strategy.