Relevant news in the defense area
Merger and Acquisition deal value in the defence sector was up to $8bn in Q1 of 2024, 55% higher than Q1 2023.
Source: https://www.army-technology.com/news/in-data-defence-ma-deals-up-55-in-q1-2024/
Date: May 2, 2024
Smaller businesses are offering easier targets, jeopardizing national security and supplier capabilities.
Date: July 01, 2024
Zack Hester of Bluestone Investment Partners explains why now is the right time for small and midsized companies to get involved in mergers and acquisitions.
Date: February 06, 2024
The aerospace and defense industry is poised for robust growth, with the market size expected to increase from $985.56 billion in 2024 to $1,234.42 billion
by 2028, growing at a compound annual growth rate (CAGR) of 5.8%. This expansion is driven by a combination of technological advancements,
increasing military expenditure, and the rising demand for both commercial and military aircraft.
Source: https://octanecdn.com/cfawcom/cfawcom_591349445.pdf
Date: Summer, 2024
Greg Barbaccia will serve as the acting Technology Transformation Services director and senior advisor to the administrator at GSA, while its previous lead, Thomas Shedd, will remain with the agency in another role.
“We want to look at it, understand it, exploit it and be able to serve our customers with it, no matter which model of AI they want to embrace," CEO Tom Bell tells Wall Street.
Rulings are expected in late May and that timeline could force NASA to extend the current SEWP V contract beyond the current April 30 expiration date.
The company has held this contract that supports the National Airspace System since 2017.
Amentum's decision comes only a few months after Booz Allen Hamilton also chose Reston, Virginia for its headquarters.
Military is still abiding by ethics principles, according to DOD research head.
The Federal Aviation Administration is using a challenge-based acquisition strategy that will require vendors to demonstrate, not just describe, their approach.
The Bluestone-backed company is pushing to have a presence in all phases of the cyber lifecycle that include system design and accreditation.
ASGN is adopting the new name of Everforth for the next iteration of its strategy, which includes digital modernization and national security tech as priorities.
The firm cites continued investor interest in the U.S. government market and other highly regulated industries.
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