CACI International (NYSE: CACI) will provide the U.S. Army with global operational support for unmanned systems under a potential $414 million task order. The company said Monday it will support the Army Combat Capabilities Development Command – Command, Control, Communications, Computers, Cyber, Intelligence, Surveillance and Reconnaissance Cente...
RTX (NYSE: RTX) posted $19.7 billion in fiscal 2024 second-quarter sales, up 8 percent from the prior-year period, and saw its adjusted earnings per share for the period rise 9 percent to $1.41. The Arlington, Virginia-based aerospace and defense contractor said Tuesday its total backlog reached $206 billion at the end of the quarter with...
The U.S. Air Force is working to integrate Secretary Frank Kendall’s seven operational imperatives, or OIs, to acquire new technologies, conduct research and face potential global threats in the modern battlefield. Timothy Grayson, special assistant to the Air Force secretary, discussed during the Potomac Officers Club’s 2024 Air Defense S...
Generative artificial intelligence refers to a type of AI tool that can produce content in response to user prompts. These rapidly evolving technologies are transforming operations across both the public and private sectors, and while organizations are moving quickly to adopt genAI, there are still concerns that must be considered as these tools are...
Northrop Grumman (NYSE: NOC) saw its second-quarter fiscal 2024 sales climb 7 percent to $10.2 billion, up from $9.6 billion during the prior-year period, and attributed the growth to strong demand for the company’s products and services. The Falls Church, Virginia-based aerospace and defense contractor said Thursday Q2 net awards totaled $15....
General Dynamics‘ (NYSE: GD) Electric Boat subsidiary will continue providing the U.S. Navy with long-lead-time materials in support of the Virginia Class Block VI submarines. The Department of Defense said Thursday Naval Sea Systems Command awarded a $181 million contract modification to General Dynamics Electric Boat for the requirements. Wo...
What’s next for artificial intelligence in the federal landscape, and how are government leaders looking to use AI? Bill Rowan, vice president of public sector at Splunk, shared his insights about the future of AI, popular AI use cases and how AI could change the game in cybersecurity in a new Executive Spotlight interview with GovCon...
Digital Air Force programs are implementing advanced information technology accelerators throughout the agency as the warfighting environment modernizes and technical capabilities become more critical in acquisition processes. Accelerated IT implementations are evaluated on their impact on the Air Force’s digital infrastructure, and officials spok...
The Potomac Officers Club’s 2024 Navy Summit presents an exciting opportunity to gain exclusive knowledge about one of the service branch’s top priorities: 5G. During this event, you will have the chance to hear from a variety of keynote speakers and panelists from across the Navy and industry. One panel session, titled “5G in Navy Mission...
Lockheed Martin (NYSE: LMT) reported a 9 percent year-over-year increase in fiscal 2024 second-quarter net sales to $18.1 billion, a total backlog of $158 billion and Q2 net earnings of $1.6 billion, or $6.85 per share. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it recorded $1.9 billion in cash from operations and fre...
