Global space economy tracking toward $944B by 2033: report
Emerging tech, government investment to fuel space spending. The global space economy, comprising all activities and resources underpinning the space market and space-enabled solutions, is on a trillion-dollar trajectory by 2033, according to a new report. Novaspace’s 11th edition Space Economy Report, released Jan. 9, predicts significant growth in “downstream applications” as a key driver behind […]
Naval Warfare Center launches development of new OTA
The center is looking for a consortium management firm to recruit members and management procurements. The Naval Surface Warfare Center’s Port Hueneme division is developing an Other Transaction Authority vehicle to work on rapid prototyping and testing. According to a new sources sought notice, the center wants an OTA consortium management firm to run the vehicle […]
Oddball gets new private equity backer
Started in 2016, Oddball works with federal agencies on tech design and deployment efforts to aid in how they deliver citizen services. Oddball, a digital services provider for agencies looking to modernize their interactions with citizens, has accepted a growth investment from the private equity firm Falfurrias Management Partners. Travis Sorensen and Rob Wilkinson, respectively CEO […]
Booz Allen agrees to pay $15.9M settlement over subcontractor’s fraud scheme
Former executives at QuantaDyn, an Air Force official and two former Booz Allen Hamilton program managers ran a decade-long conspiracy to influence contract awards. A decade-long bribery and fraud scheme orchestrated by a Booz Allen Hamilton subcontractor has resulted in multiple criminal convictions, which has led the company to agree on a $15.9 million settlement for […]
WT 360: Jacobs remains tech-focused after services spinoff
Jacobs executive Shannon Miller explains how the company is doubling down on digital solutions for critical infrastructure, sustainability and life sciences programs after divesting its federal services units to Amentum. Jacobs carved out its federal services and solutions business units in late 2024, but still remains a technology company for the markets it does work in. […]