TechTaffy

tech:

taffy

General Dynamics awarded $3.9 billion Army Common Hardware Systems-5 contract

By TechTaffy Desk

General Dynamics Missions Systems was awarded a contract for the Common Hardware Systems-5 (CHS-5) Program from the U.S. Army Contracting Command at Aberdeen Proving Ground, Md. The indefinite delivery, indefinite quantity contract consists of a three-year base contract with two one-year options, for a maximum potential contract ceiling of $3.9 billion, said the company in a statement.

CHS is a ‘one stop shop’ for tactical IT hardware solutions supporting more than 120 Army and U.S. Department of Defense program offices (including the Navy and the Marine Corps) for the rapid acquisition (orders typically on contract in 90 days or less) and delivery of commercial-off-the shelf IT hardware and services, according to General Dynamics. Approximately 75,000 to 100,000 pieces of hardware are acquired through the contract from General Dynamics Mission Systems and its partners, which includes dozens of small and large businesses. ‎

[Image courtesy: U.S. Army]

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.