The U.S. Air Force has awarded Lockheed Martin‘s (NYSE: LMT) missiles and fire control business a $3.23 billion sole-source contract for the production of joint air-to-surface standoff missiles and long-range anti-ship missiles. The firm-fixed-price, undefinitized contract action covers JASSM Lot 22 and foreign military sales missile procureme...
Executive Mosaic’s GovCon Index closed 0.43% higher at $5,366.84 on Friday for another winning week. The index, which tracks the stock performances of 30 major government contractors, had the same pattern in the last three weeks: three daily gains and two daily losses. Besides the 1.38% advance for the week, GCI is now up 14.96%...
An RTX (NYSE: RTX) business has received a U.S. Navy contract worth $192 million for an advanced electronic attack system designed to deny, disrupt and degrade enemy technology. The Department of Defense said Friday Raytheon will design, develop, manufacture, integrate, demonstrate and test the Next Generation Jammer Mid-Band extended capability mod...
The State Department has cleared Australia’s foreign military sale request for Advanced Anti-Radiation Guided Missiles-Extended Range and related equipment with an estimated value of $405 million. The Defense Security Cooperation Agency said Friday Australia will purchase 100 AARGM-ER with global positioning system precise positioning sys...
U.S. government representatives have been largely bullish, at least publicly, about the benefits of artificial intelligence, particularly generative AI, while also acknowledging its risks and misuses. In order to try and organize and set up parameters for its use, the Office of Management and Budget issued a memo requiring agencies to put gover...
In an era where people across the world have more access to advanced technology than ever before (and are often very fluent in it), we have reached a “democratization of tech,” according to Nand Mulchandani, chief technology officer at the CIA. Mulchandani told an audience of government contractors at the 2024 Intel Summit, from Potomac...
The Intelligence Community is in the midst of a major effort to become a data-centric, interoperable team of organizations. This push is shaped by new technologies and new approaches to information sharing, but leaning into the tools needed to unlock the benefits of data requires trust and assurance. Artificial intelligence, though a significant fac...
The U.S. government is investing heavily in collaboration, both inside and outside the nation’s borders. As the country works to revitalize its own industrial base, it is working side-by-side with allies and other international partners to stay ahead of competitors in today’s complicated geopolitical landscape. The Potomac Officers Club&...
No U.S. industry, large or small, is safe from economic espionage, according to Ryan Young, executive assistant director of the Federal Bureau of Investigation’s Intelligence Branch. Though the defense and technology industries have historically been prime targets, the People’s Republic of China — America’s “grea...
By Payam Pourkhomami, President & CEO of OSIbeyond For Department of Defense contractors working toward Cybersecurity Maturity Model Certification compliance, much of the effort tends to focus on internal systems and processes. However, one critical aspect that shouldn’t be overlooked is the selection of external service providers, particu...
