L3Harris to spin off its rocket motor business with the Pentagon as an anchor investor
In a first-of-its-kind partnership, the Defense Department is taking a $1 billion stake in the business ahead of an initial public offering later this year. Updated: 3:13 p.m. ET. L3Harris Technologies’ plan to create a new publicly traded solid-rocket-motor company in the second half of this year includes the U.S. government, which will become a significant […]
Everfox hires Wajsgras as chief executive
Dave Wajsgras more recently led Intelsat through its transition to becoming a managed services provider and subsequent sale to fellow satellite network operator SES. Everfox has hired a new chief executive in Dave Wajsgras, the 25-year veteran of defense and commercial industries who most recently led Intelsat as CEO. Wajsgras has also been appointed chairman of […]
A trio of private equity-driven transactions to note
Aurex and B&A detail their latest purchases with their owners’ backing, while Pond & Company has found a buyer. Aurex The space- and missile defense-focused company has acquired a provider of cryptographic engineering, cybersecurity and other related services for federal agencies. Alpha 2 opened for business in 2013 to specialize in encryption engineering and secure communications […]
Trump administration gets less tech funding than requested in new bicameral bills
The fund that supports the U.S. DOGE Service would receive less than half of what was requested, and the bills do not include explicit reauthorization for the Technology Modernization Fund. Appropriators in both the House and Senate released a new package of conferenced bills over the weekend to fund several agencies as they work to avert […]
DHS launches office for drone and counter-drone technologies
The agency said the new office is already in the process of finalizing a $115 million investment in counter-drone tech that will be used to help secure the FIFA World Cup and activities celebrating the United States’ 250th anniversary. The Department of Homeland Security announced on Monday that it had created an agency office focused on […]
AI agents are ready for government work – if agencies are ready for them
Agentic systems can handle complex tasks end-to-end, but industry must help agencies build the governance frameworks and adoption strategies to scale responsibly, writes Tria Federal’s CTO Murali Mallina. For years, federal agencies have leaned on automation to speed up routine work. But the moment when anything unexpected—such as an unfamiliar data field or a missing file—appeared, […]
Andreesen Horowitz, Hadrian and Valinor detail their newest capital raises
Two firms highlighted in this summary of venture activity in the market describe their plans for investing in more businesses, while a manufacturing startup takes the next step in its “factories-as-a-service” strategy. Andreesen Horowitz This mainstay of venture capital has collected $15 billion in new capital from investors at a figure equal to 18% of all […]
GovCIO loses GAO IT services recompete to SAIC
The agency’s protest adjudication arm found Science Applications International Corp.’s lower-priced bid was technically acceptable. GovCIO has lost an incumbent contract after failing to convince the Government Accountability Office’s bid protest adjudication team that its proposal was improperly evaluated. Through its subsidiary Salient CRGT, GovCIO pursued the recompete of the Technology Information Services task order with GAO. […]
WT 360: GovCon’s atlas for 2026 starts to take shape
Stephanie Smith, RSM’s GovCon senior industry analyst and valuation services director, provides an overview of the major themes and signposts for industry to take note of as the ecosystem embarks on the New Year. Post-shutdown recovery is one item carrying over from calendar year 2025 into 2026 and the chance of another funding stoppage happening […]
Slapping ‘commercial’ on a contract does not make it so
A new Air Force sources sought notice on supporting nuclear missiles highlights gaps between rhetoric and reality. I have been around long enough to have seen many hot trends and buzzwords in the government market. In the 1990s, people talked endlessly about best value and performance-based contracting. The first decade of the 2000s was dominated by strategic sourcing […]