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Latest Federal & Government Contracting Companies' News Coverage
Xcelerate Solutions has nearly tripled its headquarters footprint in Tysons, Fairfax County, in Virginia, expanding from 7,759 to 23,073 square feet. CEO Mark Drever, President Vivek Malhotra and other members of the leadership team marked the recent expansion with a ribbon-cutting ceremony on Oct. 28, Xcelerate said Thursday. How Will the Expansion Support Xcelerate’s Growth? […] More
BTS Software Solutions has received a venture capital investment from Blue Delta Capital Partners. The funding will provide additional resources to expand BTS’s counter-unmanned aircraft systems and cybersecurity capabilities, strengthen its position in the national security sector and support future acquisitions, BTS said. The BTS management team will remain the company’s majority owners and continue […] More
Draper has received new funding from Massachusetts and the City of Lowell for the construction of its Integrated Microelectronics Production & Advanced Chip Technology Center. Draper said Monday that Massachusetts Gov. Maura Healey had announced up to $25 million in state and local funding for the infrastructure, supporting the commonwealth’s defense sector. What Will the […] More
Expedition Technology has received a strategic investment from Razor’s Edge and Enlightenment Capital to accelerate growth across the signals and geospatial intelligence domains. Investor Support for National Security Innovation Enlightenment Capital said Tuesday that the investment combines the resources of two firms with deep experience in defense and intelligence technology. Jason Rigoli, a partner at […] More
L3Harris Technologies will build a large solid rocket motor production campus at its site in Camden, Arkansas, as part of its $500 million investment across its major LSRM production sites. Christopher Kubasik, chair and CEO of L3Harris and a three-time Wash100 Award recipient, said in a press release published Thursday that the company is strengthening […] More
Booz Allen Ventures, Booz Allen Hamilton’s venture capital arm, has made a strategic investment in Firestorm Labs, a company that develops unmanned aerial systems using advanced additive manufacturing techniques. In a press release published Wednesday, Booz Allen said Firestorm’s 3D-printed modular, open architecture UAS, designed for rapid deployment in the most resource-constrained operating environments, would […] More
Booz Allen Ventures, the corporate venture capital arm of Booz Allen Hamilton, has made an investment in Corsha, a provider of machine identity technology for operational technology systems within domestic defense manufacturing and other U.S. critical infrastructure. The investment will speed up the deployment of advanced solutions to boost U.S. defenses against the growing threat […] More
Anza Capital has appointed Robert Williams to its board of directors to support the venture capital firm’s goal of securing U.S. investments for African startups. Williams brings to the board over two decades of global operating experience, having held leadership roles at AT&T, Amazon, cyber company Palo Alto Networks and artificial intelligence company SandboxAQ, Anza […] More
Iridium will invest over $13 million to move its headquarters to a bigger space in Fairfax County, Virginia, reflecting its growing revenues and expanding service offerings. The satellite company’s headquarters, which currently sits on a 35,000-square-foot space in McLean, will move to a 55,000-square-foot space at 1676 International Drive in Tysons. New Employment Opportunities Construction […] More
IBM has announced plans to invest $150 billion in the United States over the next five years to accelerate its role as the global leader in computing. The planned investment includes $30 billion in research and development to advance and continue the manufacturing of mainframe and quantum computers in the U.S., IBM said Monday, noting […] More
Electra can begin the pre-production and certification phase of its EL9 Ultra Short aircraft using the $115 million it raised in a Series B funding round led by Prysm Capital to fulfill more than 2,200 EL9 pre-orders valued at over $10 billion. The nine-passenger EL9 features hybrid-electric propulsion and capabilities for commercial and defense purposes, […] More
