IronGate Capital Advisors has closed its first discretionary fund that allows the firm to invest in venture capital partnerships and early-stage companies to support the development of dual-use technologies that could help strengthen U.S. national security and the commercial economy. The venture capital investment firm said Wednesday it secured $25 ...
As the Russian invasion of Ukraine continues to unfold, the situation is uncovering key insights into what the future of warfare might look like. Namely, the issue of contested logistics — in other words, sustaining military operations in contested or hostile environments — has come to the fore as a major area of focus for...
Lockheed Martin (NYSE: LMT) logged an 8 percent increase year-over-year in fiscal 2023 second-quarter net sales to $16.7 billion, net earnings of $1.7 billion or $6.63 per share and a record backlog of $158 billion. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it returned $1.5 billion to shareholders in the form of cash...
Intel’s (Nasdaq: INTC) foundry business has added Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) to the second phase of the Department of Defense’s Rapid Assured Microelectronics Prototypes-Commercial program. Northrop and Boeing will join IBM (NYSE: IBM), NVIDIA (Nasdaq: NVDA), Microsoft (Nasdaq: MSFT), Qualcomm (Nasdaq: QCOM) and other RAM...
Candice Ling, vice president of the federal government civilian business at Microsoft (Nasdaq: MSFT) since October 2021, has been appointed as the company’s federal sector leader. Ling wrote in a LinkedIn post Tuesday that she aims to promote a culture of innovation, collaboration and inclusivity as she oversees the Microsoft Federal organizat...
Each year, the federal government allocates substantial funding toward defense and security contracts. Government agencies, such as the Department of Defense and the US Armed Forces, tap into the expertise of multiple companies dedicated to developing and providing cutting-edge solutions for defense and warfare initiatives across various domains, su...
Alex Barbato, public sector solutions engineer at VMware (NYSE: VMW), said government agencies looking to implement DevSecOps methodologies to advance technology modernization efforts should ensure that development, security and operations teams are aligned by enabling them to have a mindset to work together to deliver on an outcome and achieve miss...
The government contracting industry’s confidence in its future revenues has recovered from a COVID-19-prompted dip. The market’s assurance in its ability to drive new business has increased by 1.6 percent from a year ago, returning what’s known as the GovCon Confidence Index, or GCCI, to pre-pandemic levels. GCCI is measured by Deltek’s Cl...
The Small Business Administration has finalized its rule to increase access and diversify its existing funding program for small businesses and startups in underserved communities. SBA said Monday the new rule will take effect Aug. 17 to modernize the Small Business Investment Company program by introducing an alternative borrowing structure to alig...
Sapphire Ventures will invest more than $1 billion in enterprise artificial intelligence startups, including companies focused on developing generative AI, enablers and middleware, foundation models and other next-generation AI applications. “We look forward to partnering with companies that are not only improving existing workflows and softwa...
