As the world moves further into the digital realm, information technology systems have become the core of secure and efficient business processes for both the public and private sectors. Across government and industry, chief information officers work tirelessly to ensure that IT systems are up-to-date and properly equipped to keep pace with the tran...
As the world around forges ahead with modernization initiatives, some aspects of the federal government remain in the past, relying on outdated systems and technologies. One major area of innovation in the public sector aims to move away from physical documents and paper forms and toward a more digital solution. Brendan Curley, vice president of...
Artificial intelligence is currently experiencing a major peak in the commercial world with the skyrocketing popularity of generative AI tools in recent months, which is causing a ripple effect with implications in the public sector too. Mandy Long, the new CEO of BigBear.ai, delved into the present state of the AI market, where she thinks it...
The U.K. government has approved the planned merger between Viasat (Nasdaq: VSAT) and British satellite services provider Inmarsat following the completion of an in-depth review. In November 2021, Viasat agreed to acquire Inmarsat in a cash-and-stock transaction valued at approximately $3.9 billion as part of efforts to provide a global hybrid netwo...
General Dynamics‘ (NYSE: GD) information technology unit has won a $137.9 million contract to modernize a personal area network system of systems for the U.S. Air Force and foreign military sales customers. The GDIT business will support Special Warfare Assault Kit technology refresh, tactical air control party modernization and Guardian Angel...
Thomas Bell Takes Helm as Leidos CEO; Maxar Goes Private Following Advent Deal Completion; Executive Mosaic Names Defense Secretary Lloyd Austin 2023 Wash100 Popular Vote Winner; Q&A With Xage’s Matt Heideman Click to Unmute...
Lockheed Martin’s (NYSE: LMT) space segment will streamline its five business lines into three as part of a realignment initiative meant to improve the delivery of space capabilities to customers, facilitate collaboration with suppliers and partners, better address emerging threats and further advance growth and innovation. Maria Demaree, most...
HII (NYSE: HII) logged first-quarter revenue of $2.7 billion, up 3.8 percent from prior-year period figures, and the company attributed the growth to strong performance by its Newport News Shipbuilding and Mission Technologies divisions. The company said Thursday net earnings for the quarter totaled $129 million, or $3.23 per share, compared to $140...
Maximus (NYSE: MMS) reported $1.21 billion in revenue for the second quarter of its 2023 fiscal year, a 2.5 percent increase from the prior-year period. The Tysons, Virginia-based company said Wednesday diluted earnings for the quarter came in at 52 cents per share, while adjusted earnings stood at 80 cents per share. New and expanded...
Boston-based private equity firm Advent International and Canada-based British Columbia Investment Management Corp. have finalized their acquisition of Maxar Technologies in an all-cash transaction valued at approximately $6.4 billion, or $53.00 per share. With the transaction’s completion, Maxar will continue to operate as a U.S.-controlled a...
