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McLean tech firm Pangiam to sell to BigBear.ai for $70M
Columbia, Maryland-based BigBear.ai Holdings is acquiring Pangiam Intermediate Holdings, a McLean-based facial recognition and biometrics solutions provider for the trade, travel and digital identification industries, in a $70 million, all-stock deal, BigBear announced Monday. The move will combine Pangiam’s technologies with BigBear.ai’s computer vision capabilities and allow BigBear.[...]
Bain Capital affiliate to acquire Guidehouse for $5.3B
Guidehouse has entered into an agreement to be acquired by a Bain Capital Private Equity affiliate for $5.3 billion, the McLean-based consultancy announced Monday. The investment will support Guidehouse’s growth plans, the company said, and it will continue to operate under its current management team, which is led by Chairman and CEO Scott McIntyre. Guidehouse […]
Leidos shakes up C-suite in restructuring
Months after new Leidos CEO Tom Bell hinted at a “new North Star” for the Reston-based Fortune 500 contractor, the company has announced a shakeup of its C-suite and a reorganization. The company solidified the changes Thursday, two days after releasing its third-quarter report, which included revenues of $3.9 billion for the quarter, an increase […]
Northrop Grumman awarded up to $732M for satellite contract
Fortune 500 Falls Church defense contractor Northrop Grumman will build 38 data transport satellites for the U.S. Space Force’s Space Development Agency under a contract valued up to $732 million as the agency builds out a space-based communications network. The work, announced Monday by the agency, falls under Tranche 2 Transport Layer – Alpha, a […]
Making a federal case
Two business colleagues sharing thoughts over breakfast and a pot of hot coffee — that was the setting for the light bulb moment that led to George Mason University launching the nation’s first academic center focused on government contracting. “The idea for the center actually started in 2013 in a booth at the Silver Diner […]
GDIT lands $450M CMS contract
Falls Church-based federal contractor General Dynamics Information Technology won a $450 million Centers for Medicare & Medicaid Services contract, the General Dynamics subsidiary announced Thursday. Under the contract, GDIT will continue operating and modernizing CMS’ Healthcare Integrated General Ledger Accounting System (HIGLAS), an accounting system that standardizes federal financia[...]
HII names new VP of engagement, intl. gov relations
Huntington Ingalls Industries has named retired British Army Brig. Gen. Paul Tennant corporate vice president of engagement and international government relations, the Newport News-based shipbuilder announced Wednesday. Tennant will be located in HII’s Arlington office and will work on national security policy and future force capabilities by engaging with think tanks, professional organizat[...]
RTX to sell cyber, intelligence biz for $1.3B amid Q3 slump
RTX has agreed to sell its cybersecurity, intelligence and services business segment for about $1.3 billion and announced a $10 billion stock buyback program Tuesday as it seeks to recover from a manufacturing quality issue in a jetliner engine that has plagued the Arlington County-based Fortune 500 defense and aerospace contractor since the summer. RTX, […]
MindPetal to acquire VerticalApps
Vienna-based government contractor MindPetal has entered into an agreement to purchase Arlington County-based IT firm VerticalApps, the companies announced Tuesday. Financial details of the transaction were not disclosed. MindPetal and VerticalApps hope to become “a premier [artificial intelligence/machine learning] firm by accelerating intelligent automation and modernization programs with [...]
HII secures $244M software integration contract
A McLean-based division of Huntington Ingalls Industries received a $244 million contract integrating software for the Navy, Marine Corps and Coast Guard, the Newport News-based Fortune 500 military shipbuilder announced Tuesday. Under the five-year, Naval Air Systems Command task order, HII’s Mission Technologies division will perform research, development, testing and evaluation to help in[...]
Amentum wins $327M Army contract
Chantilly-based federal contractor Amentum Services has won a U.S. Army contract worth up to $326.9 million, the company announced Monday. Under the five-year contract, Amentum will engineer, integrate and test prototype technologies for the Army’s command, control, communication, computers, cyber, intelligence, surveillance and reconnaissance (C5ISR) systems. The contractor will provide tec[...]
Newport News Shipbuilding names trades VP
Newport News Shipbuilding has promoted a third-generation shipbuilder to vice president of trades. David Horne has served since 2022 as senior director of trades. His promotion comes following a split of the shipbuilder’s human resources and administration department and trades department into two standalone groups. Xavier Beale, who held both roles, will continue as vice […]
