TPG (Nasdaq: TPG), a global alternative asset management firm, has finalized its acquisition of Forcepoint’s government-focused cybersecurity unit from investment firm Francisco Partners and appointed technology industry leader Sean Berg as CEO of the newly acquired business. Berg, most recently president of global governments and critical infrast...
An RTX (NYSE: RTX) subsidiary has secured a $221 million contract from the U.S. Navy to help maintain and sustain F135 propulsion systems used by the U.S. military and foreign military sales customers. Pratt & Whitney will provide material and support equipment, supplies, unit-level support equipment, labor and planning for depot-level F135 main...
RTX (NYSE: RTX) will provide updated seeker, navigation and GPS receiver technologies to the U.S. Navy for integration into Tomahawk missile systems under two contract modifications and a task order worth $165.4 million combined. The Navy allocated $124.3 million to buy 42 Maritime Strike Tomahawk Seeker suites for low-rate production three of the s...
Francisco Partners is reportedly selling a majority stake in Forcepoint’s government-focused cybersecurity unit to fellow private equity firm TPG (Nasdaq: TPG) for approximately $2.45 billion, The Wall Street Journal reported Sunday. The price of the deal between the two technology investment companies is more than double the amount Francisco ...
The U.S. Air Force made a $5.5 billion modification to an existing deal with Pratt & Whitney, a subsidiary of RTX (NYSE: RTX), for the sustainment of F-117 aircraft engines. The award increases the value of the project to $8 billion and extends the expected completion date to September 2027, the Department of Defense said...
Tony Calderon, formerly a chief financial officer within Raytheon Intelligence & Space, has been appointed vice president of finance for the integrated mission systems unit at L3Harris Technologies (NYSE: LHX). He announced his new position in a LinkedIn post published Sunday and will oversee the financial performance of an organization that off...
The Department of Defense announced a $20 billion increase to the potential value of a contract vehicle for technology research and development services to the Department of Defense Information Analysis Center. DOD on Wednesday listed the modification awardees under its IAC Multiple-Award Contract, saying the ceiling boost brings the program’s...
Raytheon Technologies (NYSE: RTX) has adopted the name RTX as part of a rebranding effort, the company announced Monday in a LinkedIn post. RTX will begin operating with three businesses – Collins Aerospace, Pratt & Whitney and Raytheon – once the portfolio realignment takes effect on July 1. In January, the Arlington, Virginia-based aer...
Daniel McCoy, former chief innovation officer at the Transportation Security Administration, has joined advisory firm BMNT as head of business development. He will aim to expand BMNT’s innovation and transition services to organizations involved in mission areas such as national defense, intelligence gathering, homeland security, space ex...
D-Fend Solutions has named two vice presidents and one general manager to help the counter-drone technology provider accelerate its growth initiatives in the U.S. market. The company on Tuesday announced the appointments of S. Danny Rajan as U.S. general manager, Michael Langman as vice president of strategic partnerships and Brett Feddersen as VP o...
