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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
CMMC's standard bearer is joining quantum computing company IonQ as its chief information officer.
From L3Harris Technologies to Intel, the Trump administration is taking stakes in defense companies with little transparency and no clear conflict-of-interest safeguards.
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.
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.
All but a handful of the 2,400-plus companies who sought approval have received it.
The task order, awarded through the Next Generation Gateway program, will deliver cybersecurity solutions to 1 million users across 187 bases worldwide.
The company has withdrawn its challenges related to a $99 million financial management support contract won by Kearney.
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.
The Trump administration’s priorities are forcing the service to rethink its shipbuilding plans.
Parsons is adding 600 employees through this transaction, which also further grows the company's presence across intelligence programs and the Indo-Pacific region.
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