Pentagon Starts Bailing Out Companies that Have Lost Business Due to Coronavirus

Pentagon | June 12, 2020

The Pentagon has begun to bail out U.S. companies that have seen large parts of their business dry up amid the coronavirus pandemic, in a bid to make sure they can still build weapons. On Wednesday, officials announced that five mid-tier defense companies had received a total of $135 million to “help sustain defense-critical workforce capabilities in body armor, aircraft manufacturing, and shipbuilding,” according to a Defense Department statement.“These actions will help to retain critical workforce capabilities throughout the disruption caused by COVID-19 and to restore some jobs lost because of the pandemic,” Lt. Col. Mike Andrews, a Defense Department spokesman, said in the statement.

Spotlight

Digital modernization refers to the process of utilizing technology, whether through adoption of new tools or the improvement of existing ones, to achieve organizational goals. This can include enhancing the user experience, ensuring high uptime, implementing robust security measures, reducing latency, and streamlining processes for resolving issues. All levels of government are going through a digital transformation to deliver services and programs more effectively,transparently, and economically.To meet the demands of citizens who have adapted to the technological advancements in society, digital government transformation has become a vital aspect of providing efficient and effective services. However, one of the biggest hurdles in this process for federal agencies is striking a balance between leveraging technology for its benefits and maintaining robust security and privacy measures. Federal agencies handle confidential information regularly, making it imperative to safeguard against data breaches. Consequently, agencies must ensure that their digital systems and procedures are secure and adhere to relevant regulatory requirements.

Spotlight

Digital modernization refers to the process of utilizing technology, whether through adoption of new tools or the improvement of existing ones, to achieve organizational goals. This can include enhancing the user experience, ensuring high uptime, implementing robust security measures, reducing latency, and streamlining processes for resolving issues. All levels of government are going through a digital transformation to deliver services and programs more effectively,transparently, and economically.To meet the demands of citizens who have adapted to the technological advancements in society, digital government transformation has become a vital aspect of providing efficient and effective services. However, one of the biggest hurdles in this process for federal agencies is striking a balance between leveraging technology for its benefits and maintaining robust security and privacy measures. Federal agencies handle confidential information regularly, making it imperative to safeguard against data breaches. Consequently, agencies must ensure that their digital systems and procedures are secure and adhere to relevant regulatory requirements.

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EMERGING TECHNOLOGY,CYBERSECURITY

QinetiQ US Completes Acquisition of Avantus Federal

Avantus Federal | November 24, 2022

Lorton, VA and McLean, VA – QinetiQ US, a wholly owned subsidiary of QinetiQ Group plc, an integrated global defense and security company, announced today that it completed its acquisition of Avantus Federal (Avantus) from NewSpring Holdings for an enterprise value of $590 million. The combination of QinetiQ US and Avantus creates a unique platform to offer comprehensive mission-led innovation for the most sensitive and complex challenges intelligence, defense, homeland, civilian, and other government customers face today. This transaction was previously announced August 5, and the transition is expected to be seamless for customers, partners, and employees. This integration will combine QinetiQ’s leadership in robotics and autonomous systems, sensing, protection systems, and next-generation technology services with Avantus’ advantages in strategic planning, operations, and stakeholder collaboration in a host of government operations, including cyber, data, government facility, and outer space solutions. The combination will deliver mission-led innovation in hardware, software, and mission services to the growing needs of defense, intelligence, homeland security, and law enforcement organizations, along with civilian agencies in the United States and close-U.S. allied nations including the United Kingdom and Australia. “I am delighted that we have completed the acquisition of Avantus today – it is a strategic milestone in our five-year ambition to build an integrated global defence and security company, delivering innovation for our customers’ mission, This acquisition extends our customer base, strengthens our capabilities and builds scale in the largest defence and security market in the world. With a strong track record of 10%+ growth at attractive margins, Avantus is a brilliant strategic and cultural fit and positions us to meet the increasing mission-critical needs of our US defence and intelligence customers with agility and pace.” -Steve Wadey, Group Chief Executive Officer for QinetiQ Group plc. Andy Maner, Chairman and Chief Executive Officer of Avantus, said the combination with QinetiQ US is key to providing more opportunities and growth for our people and customers. We started this journey with our great partner, NewSpring Holdings, and now we’re taking a critical step forward that allows our collective team to leverage additional scale and investments across our world class talent, technology, and processes at a pivotal time in our market and geopolitical landscape. “We are thrilled to welcome our Avantus colleagues to QinetiQ US, Avantus’ elite talent, differentiated technology solutions, and dedication to mission complement our innovative culture. I am honored to lead a combined team that shares a focus on performance and a proven ability to be agile in impactful delivery at the speed of our customers’ missions.” QinetiQ is a leading science and engineering company dedicated to protecting lives and securing the vital interests of defense and security customers with distinctive offerings in experimentation and technology; cyber and information advantage; engineering services and support; robotics and autonomous systems; training and mission rehearsal; and, test and evaluation. This is complimented by the Avantus capabilities to leverage a strong consulting force to deliver technology, cyber, data, digital engineering and integration, intelligence analysis, and operations strategy and tactics to its clients, ensuring maximum efficiency and impact. -Shawn Purvis, President and Chief Executive Officer of QinetiQ US. About QinetiQ US: QinetiQ US is a leading defense and security company in the United States providing mission-led innovation at pace. QinetiQ US is a provider of technologically advanced services and products to the US Department of Defence and national security agencies, positioned to deliver key aspects of the modernization required to address our customers’ pivot to counter near peer adversaries. QinetiQ’s engineering services span the DoD and Intel community providing subject matter expertise in the areas of communications, sensor integration and research and development, survivability and unmanned ground combat systems. QinetiQ US operates as the U.S. arm of QinetiQ Group plc (QQ.LSE), an integrated global defense and security company focused on innovation for defense, security and civil customers. QinetiQ US employees are based predominantly in Virginia and Massachusetts and operate under a Special Security Agreement (SSA) with the U.S. Defence Counterintelligence & Security Agency (DCSA). QinetiQ US is creating new ways of protecting what matters most; testing technologies, systems, and processes to make sure they work as expected; and enabling customers to deploy new and enhanced-existing capabilities with the assurance they will deliver the outcomes required. About Avantus Federal: Avantus Federal is a mission-focused data, cyber, and space services and solutions company. As a mid-market powerhouse with an intentional blend of elite talent, infrastructure, and speed to impact, Avantus and its approximately 1,150 highly cleared professionals lead with technical and domain expertise for its Defence, Intelligence, Homeland Security, and Federal Civilian customers.

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EMERGING TECHNOLOGY,CYBERSECURITY

U.S. Department of Agriculture Selects Tantus Tech for Security Compliance

Tantus Technologies | January 04, 2023

In a recent announcement, Virginia-based Tantus Technologies, Inc., received a Task Order through the Farm Production and Conservation (FPAC) Information Assurance Branch. Tantus is engaged to provide cyber security services to the Risk Management Agency (RMA), Natural Resources Conservation Service (NRCS), Farm Service Agency (FSA), and the U.S. Department of Agriculture (USDA). Tantus, via the FPAC, has provided its expertise to several vital applications, systems and programs related to crop insurance, conservation, lending, and other services for over five years. The new Task Order mandates Tantus with authorization documentation analysis; project maintenance and management; security assessment and cyber security compliance support; contingency planning preparedness; and readiness and assurance support for the entire FPAC. Due to the long working relationship, USDA – FPAC selected Tantus for this crucial implementation. Under the federal Zero Trust Architecture mandates Tantus will focus on packaging its cyber services with automation, emerging practices and technologies to assist federal agencies in improving their security compliance. Tantus intends to bring thought leadership to this transition and increase the overall security of FPAC systems. The National Institutes of Health (NIH) Information Technology Acquisition and Assessment Center's (NITAAC) Chief Information Officer – Solutions and Partners 3 Small Business (CIO-SP3 SB) contract awarded the new Task Order to Tantus. About Tantus Technologies, Inc. Tantus Technologies offers federal clients complete IT solutions and management consulting. With over two decades of experience working with the government, Tantus Tech solutions expertise ranges across Artificial Intelligence, Agile, Human Centered Design, DevOps, Strategy Realization, Program/Project Management, and Cybersecurity.

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EMERGING TECHNOLOGY

AE Industrial Partners Completes Investment in York Space Systems

York Space Systems | November 15, 2022

AE Industrial Partners, LP ("AEI"), a leader in space investing and a private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets, announced today that it has completed its majority stake investment in York Space Systems ("York" or "the Company"), an independent provider of small satellites, satellite components and turnkey mission operations. Dirk Wallinger, who founded York in 2012, will remain in his current role as CEO & Board Director, and Charles "Chuck" Beames will continue to serve on the Board of Directors. They will also maintain significant ownership positions in York. Terms of the transaction were not disclosed. Headquartered in Denver, CO, York manufactures and architects low Earth orbit ("LEO"), geosynchronous equatorial orbit ("GEO"), and cislunar spacecraft solutions for the proliferated satellite market. Its products are purposefully designed to balance scalability, manufacturability, and efficiency to meet the schedule-driven, high-volume demand for customers' small satellite constellations. York's spacecraft solutions are designed for all mission types, including communications, EO/IR, radiofrequency, hyperspectral, weather, remote proximity ops, and more. "York has transformed the small satellite market with its complete mission solutions and mass manufacturing capabilities. The Company has become a critical partner to the Space Development Agency ("SDA"), Space Force, and other national security customers given its ability to deliver new satellite technology solutions faster and more cost efficiently than any other player in the market, With significant momentum from multiple marquee national security LEO constellation wins, York now has the ability to manufacture satellites at mass production level scale, which is transformative to the commercial space industry. We are excited to collaborate with Dirk, Chuck and the entire York team as the Company enters into this next stage of growth and development." -Kirk Konert, Partner at AEI. York currently serves a variety of leading government and commercial customers. The SDA recently awarded York an additional contract with a total potential value of approximately $200 million. Known as the T1DES program, York will build and operate 12 prototype satellites that will test satellite communications from LEO to augment the Tranche 1 Transport Layer constellation. As previously announced, York is also providing spacecraft solutions as part of both Tranche 0 and Tranche 1 of the SDA's Transport Layer and has a contract with the U.S. Department of Defense's new proliferated LEO constellation. AEI's experience building other space companies in their portfolio coupled with their strategic investment in York empowers us to continue to compete with the world's biggest aerospace companies while still maintaining the highest level of efficiency and affordability for our government and commercial customers, said Mr. Wallinger. With rote production now well underway at both our Denver Tech Center and downtown facilities, York is well-positioned to meet today's surging commercial and DoD market demand. We are optimistic about the opportunities ahead. About York Space Systems: Headquartered in Denver, CO, York Space Systems was founded in 2012 to radically improve spacecraft affordability and reliability, transforming and enabling next generation space mission operations worldwide. An independent provider of small satellites, satellite components and turnkey mission operations, York's products and solutions are used by both government and commercial customers. About AE Industrial Partners: AE Industrial Partners is a private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets. AE Industrial Partners invests in market-leading companies that can benefit from our deep industry knowledge, operating experience, and relationships throughout our target markets. AE Industrial Partners is a signatory to the United Nations Principles for Responsible Investment and the ILPA Diversity in Action initiative.

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