The Department of Defense is ramping up its modernization efforts with critical funding boosts and newly created senior executive roles to match the speed of rapid global developments and combat urgent pacing challenges. Defense spending for fiscal year 2022 has increased by five percent from the previous fiscal year’s defense policy measure. In D...
NASA Administrator Bill Nelson announced Friday that the current administration will extend through 2030 the operations of the International Space Station. “The United States’ continued participation on the ISS will enhance innovation and competitiveness, as well as advance the research and technology necessary to send the first woman and fi...
The Potomac Officers Club hosted its Air Force IT Modernization and Digital Transformation Forum last Wednesday which joined elite U.S. Air Force and private sector leaders in spirited discussion on the critical modernization initiatives driving the Air Force’s current priorities, strategies and focus areas as the ongoing digitization of...
Peraton has received a potential five-year, $120.7 million contract from the U.S. Navy to conduct research and develop prototypes of spacecraft electronics and airborne electronic systems. The cost-plus-fixed-fee contract has a base value of $23.5 million and contract work will occur in Washington, D.C., through Dec. 16, 2026, the Department of Defe...
Assets in global cryptocurrency funds rose from $24 billion in 2020 to $63 billion in 2021, Bloomberg reported Tuesday. Bloomberg Intelligence data shows that the number of investment vehicles tracking cryptocurrency globally climbed to 80 in 2021, up from 35 the previous year. “Globally, it’s obviously a phenomenon that’s starting to take off...
The Potomac Officers Club’s Air Force IT Modernization and Digital Transformation Forum on Wednesday brought together prominent U.S. Air Force and industry officials to discuss the service branch’s crucial modernization initiatives including transitioning legacy infrastructures, enhancing interoperability and bolstering cybersecurity to match t...
Six senators have urged Treasury Secretary Janet Yellen to issue informal guidance providing the definition of “broker” of cryptocurrency and other digital assets in a provision of the Infrastructure Investment and Jobs Act. Section 80603 of the law seeks to “provide more certainty for Americans looking to invest in these digital assets, ensur...
President Joe Biden intends to nominate Frank Calvelli, a senior vice president at Booz Allen Hamilton (NYSE: BAH), to be assistant secretary of the Air Force for space acquisition. Calvelli has 34 years of intelligence community experience that includes service at the National Reconnaissance Office, the White House said Wednesday. He worked as NRO&...
A Bloomberg Intelligence analyst predicts the U.S. to further adopt cryptocurrencies in 2022 amid bullish price implications and implementation of proper government regulations. Cryptocurrencies Bitcoin and Ethereum stand to benefit from the declining bond yields, Bloomberg Intelligence analyst Mike McGlone wrote in a report published Dec. 6. “The...
The U.S. Space Force has released a request for proposals for a potential $99.57 million contract to provide repair, maintenance and modernization support for aging facilities, real property and equipment in support of Western Range operations, tests and launch missions at Vandenberg Space Force Base in California. The Launch Operations Support Cont...
