According to The New New Internet, Barbara Fast, vice president of Cyber Solutions at Boeing, “believes that the federal government will continue to increase spending levels on cybersecurity despite larger budgetary cutbacks. Over the next few year, Fast thinks that the Department of Defense will increase spending on both offensive and defensive capabilities, particularly as U.S. opponents continue to increase their cyber capabilities. U.S. cyber opponents are able to quickly adapt their attack strategies, taking advantage of new technological advances or vulnerabilities.”
Boeing’s Barbara Fast on Growth of DoD Cyber Spending
Related Articles
Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) yielded a gain.
Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major
Boeing (NYSE: BA) has booked a $111.9 million undefinitized firm-fixed-price order from the U.S. Navy to manufacture and deliver avionics long lead time parts and spares in support of the F/A-18E/F Block III and E/A-18G aircraft. The Department of Defense said Thursday the award, which was made against a previously issued basic ordering agreement, supports