Lockheed Martin (NYSE: LMT) generated $17.2 billion in net sales during the first quarter of 2024, up 14 percent from the prior-year period’s $15.1 billion, and reported $1.5 billion in Q1 net earnings, or $6.39 per share. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it returned $1.8 billion in cash to shareholders th...
Northrop Grumman (NYSE: NOC) has secured a potential $167.1 million contract modification from the U.S. Navy to supply four lot 6 full-rate production Ground/Air Task Oriented Radar systems. Marine Corps Systems Command is the contracting activity and will obligate the full contract amount using the U.S. Air Force’s other procurement funds for...
We’ve come such a long way since January. When we began this year’s iteration, no executive had ever amassed 1,000 points in the Wash100 popular vote contest. Now, the top eight executives in the top 30 have all cleared the 1,000 threshold! No matter where they ultimately land when voting closes in ONE WEEK, Booz...
When Jen Sovada realized she could make more of an impact on the outside of the military looking in, she retired from the U.S. Air Force. Now, her company, the fast-growing startup SandboxAQ, regularly does business with the USAF and Sovada still gets to support the mission, circumnavigating the oft-labyrinthine bureaucracy of the government. Sovada...
Like many government agencies, the Department of Homeland Security’s U.S. Customs and Border Protection manages petabytes of data flowing through it every day. They perform an estimated 50 billion data exchanges and 10 billion transactions daily. This also means there are roughly 100 million cyber attack attempts per day on their network, accordin...
Advancements in information technology have completely altered the intelligence community’s ability to disseminate its analysis and data to those who need it most, like policymakers, diplomats and defense leaders. Without it, the IC would be “doing all of this with paper and pencil. But in all seriousness, that’s a big responsibility on ou...
The U.S. Department of Agriculture has awarded basic ordering agreements to 12 companies as part of the third pool of the STRATUS program for cloud software-as-a-service offerings. USDA released a request for quotes in late September and received 41 quotes for STRATUS Cloud SaaS BOA Pool 3, according to an award notice published Friday on...
Large language models are artificial intelligence tools that are trained on mass amounts of data and can understand and respond to user prompts. Current LLMs are known for their ability to generate text, but these models are now evolving to be able to create images and video. The ability of LLMs to break down huge...
The Integrated Tactical Network, better known as the ITN radio, is a “critical component” of the U.S. Army’s Unified Network Plan. It provides voice and data communication capabilities to tactical units in challenging environments to form a converged and reliable tactical network. Given that the U.S. Army’s current and future combat ...
Artificial intelligence has unlocked a myriad of threats and opportunities in the last two years with the acceleration of technological innovation in the AI space. Today, generative AI tools and large language models are still nascent and risky — but government leaders are seeing promise for the technology’s future. Defense Intelligence Agency C...
