GALT Aerospace gets Godspeed’s backing
GALT intends to ramp up its tech development activity with the private equity firm as an investor. GALT Aerospace, a maker of networking and sensing systems for airborne platforms, has accepted an investment from private equity firm Godspeed Capital Management to help shape the next phase of the company’s strategy. GALT opened for business in 2015 […]
OceanSound Partners hauls in $3.4B for third fund
The private equity firm’s newest mechanism for investments in companies closes at double the amount fetched for its second fund. OceanSound Partners, a private equity firm focused on technology integrators working in government and highly-regulated markets, has fetched $3.4 billion in capital commitments for its third main fund and related vehicles. That figure is more double […]
Agency CIOs must supply top-down IT contract information, OMB memo states
The guidance aims to help enforce legal mandates that chief information officers have full visibility into their agency’s IT spend. The Office of Management and Budget is set to compile a centralized view of government technology contracts under new guidance released Tuesday. The memo, signed by OMB director Russ Vought, directs chief information officers at large […]
AI boat maker Saronic smashes $9 billion valuation
The company just closed a $1.75 billion funding round with eyes on increasing production tenfold. Robot shipbuilder Saronic raised nearly $2 billion to expand production and develop new vessels as the Navy seeks refined options for medium unmanned surface vessels. “We’re going to continue to scale and build out our shipyard in Franklin, Louisiana, and then […]
GSA adds 4 woman-owned small businesses to Polaris
This portion of the massive government-wide IT vehicle now has 51 winners, and the General Services Administration says it is not done with making awards. Four more companies have joined the roster of first phase awardees for the woman-owned track of Polaris, the massive government-wide contract vehicle agencies can use to buy IT services solutions from […]
Special Operations Command opens proposal window for $2.6B services contract
The command uses this contract’s current iteration to acquire subject matter expertise and other knowledge-based services from small businesses. Special Operations Command has given small businesses the green light to start working on and turning in bids for a potential seven-year, $2.6 billion engineering and professional services contract. The new SOF Global Services Delivery contract will […]
Judge sides with VA in T4NG2 protest case
The Veterans Affairs Department’s potential 10-year, $60 billion IT modernization vehicle has been tied up in court for almost two years. A federal judge has denied all remaining protests involving T4NG2 — the Veterans Affairs Department’s main contract for IT modernization and other tech solutions that now looks poised to open for business with this ruling. U.S. […]
‘We’ll go 40%’: Army wants good-enough tech it can reshape for battle
“We don’t want the product to be perfect,” says 4th Infantry Division’s commander. HUNTSVILLE, Alabama— Nine months ago, the 4th Infantry Division’s commander told an audience that he would be perfectly happy to take a piece of tech that does 60 percent of what the Army needs and let his soldiers’ feedback inform the remaining 40. […]
NIH opens the bidding for $3B professional services recompete
Work supports the National Institute of Allergy and Infectious Diseases in vaccine research efforts, among other areas. The National Institutes of Health is now ready for industry to start working on and submitting proposals for a potential $3 billion, multiple-award professional services recompete contract focused on supporting intramural and vaccine research. NIH’s National Institute of Allergy […]
State starts to set up global logistics recompete
Iteration number two of the Diplomatic Platform Support Services contract will continue the current version’s focus on lifecycle support and operations-and-maintenance work. The State Department has started the process to set up the recompete of its primary contract for logistics and other professional support services around the world. Originally awarded in two batches, the Diplomatic Platform […]