Identity security company CyberArk shareholders have formally approved the proposed acquisition offer from Palo Alto Networks. This strong endorsement moves the $25 billion CyberArk-Palo Alto Deal closer to completion, marking a significant consolidation event in the defense and government contracting cybersecurity sector. Approximately 99.8 percent of shareholders voted in favor of the acquisition during a…
Pratt & Whitney secured a massive $1.09 billion requirements contract from the Defense Logistics Agency (DLA) Aviation to ensure continued support for the fighter fleet’s propulsion systems. This critical award immediately drives F100 engine sustainment for the U.S. Air Force and allied forces globally. As the original equipment manufacturer (OEM), Pratt & Whitney will supply…
Secretary Kristi Noem affirmed the most significant financial commitment in the service’s history, highlighting the Coast Guard investment secured through the One Big Beautiful Bill Act, which allocates $25 billion for the U.S. Coast Guard. Delivering a keynote address, the Homeland Security Secretary detailed how the massive funding immediately transforms the service’s operational capabilities and…
The U.S. Navy has selected BAE Systems to execute comprehensive maintenance, modernization, and repair services for the Arleigh Burke-class guided-missile destroyer USS Forrest Sherman Maintenance (DDG 98). The Naval Sea Systems Command (NAVSEA) awarded the company a firm-fixed-price contract initially valued at $123.2 million, with options that could elevate the total ceiling value to $139.1…
Accenture Federal Services (AFS) secured a crucial $7.7 million contract to spearhead systems integration for the VA EHR Modernization effort within the Department of Veterans Affairs (VA). The award directs AFS to provide comprehensive support to the VA Electronic Health Record Modernization Integration Office as it pushes the massive, nationwide transformation forward. This critical work…
The T-7A MTS program receives a major boost as the U.S. Air Force awarded Akima subsidiary Pinnacle Solutions a potential $369 million delivery order. This contract designates Pinnacle as the prime contractor to design, develop, and deliver the T-7A Maintenance Training System (MTS). The robust, 7.5-year contract, which includes all options, highlights Akima’s capability to…
Technology developer Forterra has successfully raised $238 million in a Series C funding round, combining equity and debt financing to aggressively expand its autonomous mission systems for defense and logistics applications. The substantial investment underscores growing confidence in the company’s crucial role in the future of military operations, particularly in the rapidly advancing sector of…
Maximus names Mike Keefe as the company’s new Federal Chief Growth Officer for its federal services business, immediately tasking him with driving strategic expansion across key government markets. Keefe now oversees the entire growth strategy, business development, and capture management functions spanning the civilian, health, defense, and national security sectors. Keefe brings over two decades…
Veritas Capital has moved to solidify its position in the national security market by announcing its agreement to acquire MetroStar Systems through its Vantage Fund. The acquisition significantly scales up the delivery of AI-Enabled Digital Transformation services across the government landscape. For nearly 30 years, MetroStar has provided software and digital transformation services, proving itself…
ARMADA Parent, a leading provider of ship repair and construction services for the U.S. Navy, successfully executed the acquisition of Virginia-based Poseidon Industrial. This strategic move immediately expands ARMADA’s maritime and technical service capabilities, cementing its commitment to the nation’s defense industrial base and accelerating Naval Modernization efforts. The acquisition adds critical depth to ARMADA’s…