Hewlett Packard Enterprise and Juniper Networks maintained that the proposed $14 billion acquisition between the two companies is “pro-competitive” in response to the Department of Justice’s decision to file suit to block the all-cash deal. “We will vigorously defend against the [DOJ’s] overreaching interpretation of an...
By Kim Koster, Vice President of Industry Marketing at Unanet 2024 has come to an end. You’ve closed your books and moved on to 2025. Before you look ahead, however, one question: How did your year-end accounting process go? Was it smooth and painless, or did an inefficient process and disorganized data cause you headaches? ...
RTX reported $21.6 billion in fiscal 2024 fourth-quarter sales, up 9 percent from the prior-year period, and recorded $218 billion in total backlog with the defense segment accounting for $93 billion of that backlog. For the full year 2024, the Arlington, Virginia-based aerospace and defense contractor said Tuesday it saw its adjusted sales ri...
Lockheed Martin has reported 2024 net sales of $71 billion, a 5 percent increase from $67.57 billion generated in 2023, and backlogs of $176 billion compared to just $160.6 billion the year prior. The company said in its recent earnings release that it is expecting a modest increase in net sales in 2025. “2024 was...
General Electric’s Edison Works business has secured a potential $3.5 billion contract modification from the U.S. Air Force to perform technology maturation and risk reduction services in support of a program that aims to develop advanced jet engine technology. Next Generation Adaptive Propulsion Program The Department of Defense said Mo...
While the Potomac Officers Club’s upcoming 2025 5G Summit is set to feature a host of representatives from the Department of Defense, the event is not just a networking destination for defense contractors. One key speaker especially will bring extensive insights from his experience working to spread a spirit of innovation in the federal civil...
By Payam Pourkhomami, President & CEO of OSIbeyond The Department of Defense’s Dec. 16, 2024 final rule on the Cybersecurity Maturity Model Certification program marks a decisive shift in how defense contractors must approach cybersecurity compliance. Under the CMMC clause (DFARS 252.204-7021), contractors must meet one of three certificat...
Gil Herrera, the National Security Agency’s research director, has spoken publicly in multiple places about how, if a true, fully powerful quantum computer were built, it could have the potential to both drastically cut worldwide energy consumption but also, if in the wrong hands, handily dismantle the world’s economy. He revisited those th...
AT&T Business has appointed Wes Anderson, a 26-year Microsoft veteran and a three-time Wash100 awardee, as senior vice president of federal. Anderson announced his move to AT&T in a LinkedIn post published Thursday. In the post, Anderson expressed his gratitude for the talented people, customers and partners he worked with at Microsoft and f...
The U.S. Navy has started seeking proposals for an indefinite-delivery/indefinite-quantity multiple award contract with a potential value of $1.9 billion for outsourcing work related to Chief of Naval Operations availabilities on fast attack submarines. Contract Specifications According to the request for proposal issued on SAM.gov Thursday, th...
