The public and private sectors alike share at least one defining characteristic: their operations are determined by their ever-increasing relocation to the cybersphere. Work, agreements, communication, storage and even warfare are now all taking place online, in the cloud and across complex digital architectures. This sweeping and ongoing digital mo...
BWX Technologies (NYSE: BWXT) reported a 7 percent growth in fiscal 2023 first quarter revenue from government operations and attributed the growth to a higher production volume for nuclear components and microreactors. Sales in BWXT’s government segment for the period increased to $459.9 million, from the $431.8 million a year earlier, while ...
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forges ahead with modernization initiatives, some aspects of the federal government remain in the past, relying on outdated systems and technologies.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...
