Executive Mosaic’s GovCon Index inched lower Friday but the substantial gains in three of four trading sessions averted a fourth straight weekly loss. The index, which tracks the stock performances of 30 major government contractors, advanced 1.89% week-on-week to finish higher at $4,979.17. The S&P 500 (+0.6%) and Nasdaq Composite (+0.003%) h...
The U.S. Air Force has begun seeking information on technologies and concepts related to a counter-small unmanned aircraft system capability that could be integrated onboard fixed-wing airborne platforms. Air Mobility Command expects the on-aircraft counter-small UAS capabilities to help improve aircrew situational awareness and aircraft safety by d...
The Department of the Treasury is soliciting public comments on a proposed rule to implement a 2023 executive order that seeks to prevent U.S. outbound investments from being exploited by foreign countries of concern seeking to build sensitive technology products that pose national security risks. The Treasury said Friday the EO intends to establish...
Honeywell (Nasdaq: HON) has agreed to buy CAES from private equity firm Advent International in an all-cash deal valued at approximately $1.9 billion to expand its portfolio of defense technology platforms across ground, maritime, air and space domains. Charlotte, North Carolina-based Honeywell said Thursday it expects the acquisition to wrap up in ...
The Army’s 100-day investigation of risks tied to artificial intelligence implementation is coming to a close, and now, the service branch is exploring what the findings mean for the next phase of its AI journey. Dan Andrew, software systems architect with the Office of the Deputy Assistant Secretary of the Army for Data, Engineering and...
Virtual Technologies Group has purchased information technology services provider Quotient to expand its suite of IT managed services for its client base and broaden its presence in the government contracting market. VTG said Thursday it made the acquisition using strategic capital from private investment firm Jacmel Partners. In addition to IT mana...
Matthew Krynovich, a more than 20-year aerospace and defense industry veteran, has joined Maxar Technologies as vice president of business development. He announced his appointment at Maxar in a LinkedIn post published Tuesday. Krynovich brings to the role his knowledge as a sales and business development leader and decades of experience across stra...
By Payam Pourkhomami, President & CEO of OSIbeyond Recently, we shed light on the intricacies of Cybersecurity Maturity Model Certification 2.0 third-party assessments and their role in strengthening the cybersecurity framework for Department of Defense contractors. However, achieving initial compliance is just the beginning. The real challenge ...
Columbia, Maryland-based Synergy ECP has acquired SPYROS Information & Technology Consulting in a transaction that expands its cybersecurity service offerings for customer agencies within the intelligence community and Department of Defense. Synergy said Tuesday SPYROS supports clients within DOD, IC and the Department of Energy’s national lab...
Lockheed Martin (NYSE: LMT) has received a potential $2.27 billion contract from NASA to build a constellation of Geostationary Extended Observations weather satellites for the National Oceanic and Atmospheric Administration. NASA said Tuesday the cost-plus-award-fee contract includes the development of three GeoXO weather satellites with options fo...
