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 ...
Brad Barnard, a 25-year defense market veteran, has been appointed vice president and general manager of the land systems division at Saab‘s U.S. subsidiary. His industry career encompasses work across program management, strategy, business development and operations research functions, Saab Inc. said Tuesday in a LinkedIn post. Barnard most r...
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forges ahead with modernization initiatives, some aspects of the federal government remain in the past, relying on outdated systems and technologies.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...
An HII (NYSE: HII) business unit will help the U.S. Army Research Laboratory develop, test and evaluate defense systems under a five-year, $94 million task order. HII Mission Technologies will conduct R&D of sensors, weapons and other combat systems for use by mission partners of the Department of Defense, the company said Monday. The parent...
Ankur Rawat, an information technology industry executive, has joined CRDF Global as chief technology officer. He will oversee the digital strategy with a focus on advancing the nonprofit organization’s framework for digital resilience cybersecurity, CRDF Global said Friday. Mike Dignam, CEO of CRDF Global, said Rawat will bring to the role hi...
Raytheon Technologies (NYSE: RTX) has received a $45.4 million award from the Army Contracting Command to conduct analytics and systems support for an information technology architecture that U.S. and allied nations use to exchange intelligence data. The company will support the Cross-Domain Enterprise All-Source User Repository under the cost-plus-...
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...
A partnership between Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTN) will manufacture man-portable, anti-tank guided munition systems for domestic and international defense customers under a U.S. Army contract worth potentially $7.2 billion. The award to Javelin Joint Venture has a base value of $1.02 billion and covers weapon pro...
By Mark Townsend, Vice President of Professional Services at Invicti Security With access to some of the world’s most sensitive and secure data and systems, the U.S. Department of Defense is a natural candidate to lead innovation on zero trust security. To that end, the department has set an ambitious five-year goal to deploy zero...
