THIS WEEK'S TOP NEWS STORIES
Deloitte Consulting has won a potential $2.4 billion contract from the General Services Administration to help meet the submarine workforce and industrial base requirement. The company will serve as an enterprise integration partner and work with the Department of Defense's Innovation Capability and Modernization Office and the U.S. Navy to identify, build and deliver holistic solutions to regional and broader challenges facing the submarine workforce and industrial base.
Shareholders at San Francisco-based multicloud infrastructure automation company?HashiCorp?(Nasdaq: HCP) have?approved IBM's (NYSE: IBM) proposed acquisition offer. Both companies expect the transaction to conclude by the end of 2024, pending regulatory clearances and satisfaction of other customary closing conditions.
Brig. Gen. Jason Bartolomei has assumed command of the Air Force Research Laboratory, the scientific research and development detachment of the U.S. Air Force Materiel Command. Most recently, he was the program executive officer for weapons and director of the Armament Directorate at the Air Force Life Cycle Management Center.
Register here to join the Potomac Officers Club's 2024 Air Defense Summit on July 23 and hear from top Air Force leaders and decision-makers, industry experts and government officials about the future of the service.
KBR has entered into a definitive agreement to purchase?LinQuest Corporation – a company focused on engineering, data analytics and digital integration – for $737 million. Baird served as the exclusive financial advisor for the deal, through which KBR intends to unlock new opportunities for revenue growth and meet the needs of clients and the wider government contracting market.
RTX (NYSE: RTX) has named Troy Brunk, a three-decade aerospace and defense industry veteran, as president of its Collins Aerospace business. He succeeds the retiring Stephen Timm and will report to RTX President and CEO Christopher Calio.
Gary Grimes, former vice president of portfolio operations at?Platinum Equity, has been appointed vice president and chief acceleration officer at ManTech. In his new role, Grimes will spearhead ManTech's Value Creation Plan, a strategic program to advance growth and functional production.
Neovera, a portfolio company of private equity firm 424 Capital, has acquired Emagined Security to expand its cybersecurity capabilities in support of customers in the government, health care and financial markets. The McLean Group served as Emagined Security's exclusive financial adviser in the transaction.
Peter Schumacher, a board member at Firefly Aerospace, has been appointed as interim CEO of the Cedar Park, Texas-based space transportation services provider. He replaces Bill Weber, who assumed the chief executive role in 2022, and will lead the company's team of more than 700 employees as the board conducts its search for a permanent lead.
The U.S. Navy has started soliciting information on potential industry sources with the capability and experience to rapidly develop, test and deploy prototype units of a short- to mid-range weapon system that could be launched from aircraft and surface platforms.
Register here to join the Potomac Officers Club’s 2024 Navy Summit on Aug. 15 and hear government and industry leaders, innovators and experts discuss the latest technological advancements, maritime security and more.
Craig McIntire currently serves as vice president of the Department of Homeland Security Account within SAIC’s Civilian Business Group. In a recent Executive Spotlight interview, he offered a look into SAIC’s strategy for staying on top of current government contracting industry trends and highlighted the technologies shaping the future of the field.