Castelion, Integer and Trusted Space detail their newest venture raises
The core tech areas for these startups cover hypersonic strike weapons, autonomous systems for the maritime domain and using artificial intelligence to manage satellite operations. Castelion This three-year-old designer of hypersonic strike systems has captured $350 million in Series B capital from investors to position itself for high-volume production of those weapons for the U.S. military. […]
GSA set to begin its rulemaking push for the FAR overhaul
Jeff Koses of the General Services Administration says cultural changes will determine the ultimate success of acquisition reform, not just regulatory ones. Despite a delay during the government shutdown, the General Services Administration is moving full steam ahead on its overhaul of the Federal Acquisition Regulation. The agency completed what Jeff Koses, GSA’s senior procurement executive, […]
SBA orders 8(a) companies to turn over financial records
The Small Business Administration says not complying with this directive could result in removal from the 8(a) program entirely, plus “further investigative or remedial actions.” As part of an ongoing audit, the Small Business Administration has mandated that all companies participating in the 8(a) socioeconomic contracting program turn over their financial records by Jan. 5. SBA […]
Hegseth hints at higher defense budgets as OMB says another reconciliation bill is possible
Analysts had warned that the $156 billion reconciliation bill might lead to efforts unsustainable without more money. SIMI VALLEY, California—Last summer’s $156 billion one-time boost for defense spending through the reconciliation bill is likely “only just the beginning,” the defense secretary said on Saturday. “The President has said, and continues to say, he’s committed to rebuilding […]
WT 360: American Systems and its next 50 years
CEO John Steckel lays out some of the company’s key moves in this golden anniversary year to set itself up for the future, including its largest-ever acquisition, and what being employee-owned means to them. American Systems opened for business in 1975 and transitioned to an employee stock ownership plan 15 years later, a model that makes […]