Leidos (NYSE: LDOS) has revealed its fourth quarter and full year 2023 results and financial guidance for the following year. In the three and 12 months ending Dec. 29, 2023, revenue increased 8 percent and 7 percent year-over-year to $4 billion and $15.4 billion, respectively. For fiscal 2024, the revenue guidance is between $15.7 billion...
The Department of Commerce has formed a consortium comprising more than 200 artificial intelligence developers and researchers from government, industry and academia to help create standards for the development and use of trustworthy AI technologies. The U.S. AI Safety Institute Consortium includes companies such as Accenture (NYSE: ACN), Amazon (Na...
The LGM-35A Sentinel, formerly known as Ground-Based Strategic Deterrent (GBSD), is an intercontinental ballistic missile representing the ground-based leg of the United States nuclear triad. Currently under development, it aims to enhance the nuclear deterrent capabilities of all U.S. military operations and programs worldwide. Read this art...
Kathleen Hicks, deputy secretary of the Department of Defense and a 2024 Wash100 Award recipient, said the Pentagon had taken a warfighter-centric approach to innovation to enable the rapid delivery of combat capabilities to U.S. forces worldwide. “Along the way, we’ve never wavered from our ultimate objective: delivering safe and reliab...
CACI International (NYSE: CACI) reported an 11.2 percent year-over-year increase in revenues to $1.8 billion during the second quarter of fiscal year 2024 and saw its adjusted diluted earnings per share grow 2 percent to $4.36 for the quarter ended Dec. 31. CACI said Thursday it ended the quarter with a total backlog of $26.9...
Randy Fields, former vice president and general manager at Cubic's digital intelligence unit, has joined Ultra Intelligence & Communications as VP and chief technology officer. "With my extensive experience in airborne datalinks, Joint Fires and tactical edge technology, I am thrilled to bring my expertise to this new role," Field...
Lockheed Martin (NYSE: LMT) reported its fourth quarter and full year 2023 results. The full-year net sales were stronger than expected, rising two percent year-over-year to $67.6 billion, although it dipped half a percent lower in Q4 2023 to $18.9 billion versus Q4 2022. Also, the backlog reached a record $1.6 billion....
The Department of Defense's Office of Inspector General revealed in an audit that the Pentagon had an incomplete list of its financial management systems and inadequate plans for system compliance and recommended for DOD to identify the financial management systems it will have when it becomes compliant with the Federal Financial Management Imp...
HII's (NYSE: HII) mission technologies division has secured a five-year, $197 million recompete task order to help the Joint Chiefs of Staff J7 directorate develop joint training capabilities for the Department of Defense. The task order was awarded under DOD's Information Analysis Center contract vehicle and covers research and developmen...
Advanced Technology International will manage the Defense Industrial Base Consortium under an other transaction agreement the Department of Defense awarded to the non-profit research institution. The DIBC OTA will support rapid research and provide access to commercial offerings to help meet defense requirements and drive innovations.Register here t...
