TechTaffy

tech:

taffy

SAIC Gets Roughly $1.9 Billion DoD Engineering Services Contract

By TechTaffy Desk

[Techtaffy Newsdesk]

Science Applications International Corporation (SAIC) was awarded a prime contract by the United States Air Force (USAF) to provide design and engineering services in support of the Air Force Material Command (AFMC), and other agencies within the Department of Defense (DoD).  The multiple-award, indefinite-delivery-indefinite-quantity (IDIQ) contract has a five-year period of performance and a contract ceiling value of approximately $1.9 billion.

The AFMC conducts research, development, testing and evaluation, and provides the acquisition management services and logistics support necessary to keep Air Force weapon systems ready for war.  Under the contract, SAIC will provide design and engineering services as required, including  new design, technical documentation, technology refresh, diminishing material and manufacturing, environmental improvement, and productivity, efficiency and cost saving efforts.  SAIC is one of 26 prime contractors who will compete for task orders under the contract.

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.