James Imanian, senior director of the U.S. Federal Technology Office at CyberArk (Nasdaq: CYBR), said government agencies looking to implement a zero trust architecture should understand the importance of privileged access management and its key role in such an approach. In an article published on Carahsoft.com, Imanian noted that privileged access...
An ASRC Federal subsidiary has secured a $146 million contract from the U.S. Air Force for comprehensive base operations services in support of the 82nd Training Wing and 80th Flying Training Wing. The company said Monday ASRC Federal Gulf State Constructors will perform support services for the Sheppard Air Force Base and Lake Texoma Recreational...
Executive Mosaic’s GovCon Index ended the week slightly lower at $5,181.95 (-0.03%) after posting record closes on Monday, Tuesday and Thursday. Also, the index, which tracks the stock performances of 30 major government contractors, gained 2.53% week-on-week, the highest weekly gain since its launch in December 2023. The three major US stock inde...
RTX (NYSE: RTX) posted $19.7 billion in fiscal 2024 second-quarter sales, up 8 percent from the prior-year period, and saw its adjusted earnings per share for the period rise 9 percent to $1.41. The Arlington, Virginia-based aerospace and defense contractor said Tuesday its total backlog reached $206 billion at the end of the quarter with...
Hensel Phelps Construction has secured a $173.6 million contract from the General Services Administration for design-build services at one of the ports in California. The agency said Friday the Phoenix, Arizona-based firm will support the final phase of a critical infrastructure development project at the Calexico West Land Port of Entry. The major ...
The U.S. Air Force is working to integrate Secretary Frank Kendall’s seven operational imperatives, or OIs, to acquire new technologies, conduct research and face potential global threats in the modern battlefield. Timothy Grayson, special assistant to the Air Force secretary, discussed during the Potomac Officers Club’s 2024 Air Defense S...
Indev, a digital services provider, was awarded a five-year, $170 million contract from the Department of Homeland Security for services in support of the Transportation Security Administration. The company said its team will deliver digital services and collaboration workflow offerings to TSA under the Flexible Agile Scalable Teams 2.7 portfolio. S...
RTX (NYSE: RTX) has secured a potential $1.94 billion contract from the Missile Defense Agency to manufacture and assemble next-generation ballistic missile interceptors for the U.S. government and Japan’s defense ministry. The Department of Defense said Thursday the sole-source award covers the production of Standard Missile-3 Block IIA all...
Generative artificial intelligence refers to a type of AI tool that can produce content in response to user prompts. These rapidly evolving technologies are transforming operations across both the public and private sectors, and while organizations are moving quickly to adopt genAI, there are still concerns that must be considered as these tools are...
Northrop Grumman (NYSE: NOC) saw its second-quarter fiscal 2024 sales climb 7 percent to $10.2 billion, up from $9.6 billion during the prior-year period, and attributed the growth to strong demand for the company’s products and services. The Falls Church, Virginia-based aerospace and defense contractor said Thursday Q2 net awards totaled $15....
