Leidos (NYSE: LDOS) reported strong top- and bottom-line results in the first quarter of 2024. The provider of scientific, engineering, systems integration and technical services to clients in the national security, engineering, and health sectors also raised its full-year guidance. Thomas Bell, CEO of Leidos and a 2024 Wash100 awardee, said in a st...
The State Department has cleared Saudi Arabia’s request to procure blanket order training and related program and logistics support services from the U.S. government under a potential $250 million foreign military sales agreement. The Defense Security Cooperation Agency said Tuesday the proposed FMS deal provides precision targeting, core tech...
The Potomac Officers Club, the most esteemed events organization in the government contracting industry, has an exciting calendar of events planned for May 2024. These engagements will cover a broad range of relevant GovCon topics, from 5G to joint warfighting and even major trends characterizing this continuously evolving landscape. POC events...
Chris Fall, vice president for applied science at Mitre, has been appointed to the board of directors at Arlington, Virginia-headquartered nonprofit cybersecurity organization CRDF Global. Mike Dignam, CEO of CRDF Global, said in a statement published Monday that Fall’s experience in science, technology and energy domains “brings enormou...
The State Department has approved the requests of the governments of Poland and the Netherlands to buy an extended-range variant of the Advanced Anti-Radiation Guided Missile system, related equipment and support services from the U.S. government under two foreign military sales deals worth approximately $2 billion combined. Northrop Grumman (NYSE: ...
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...
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...
5G is becoming increasingly critical to defense missions at home and abroad, and the technology is evolving more rapidly than ever before. The Potomac Officers Club’s 2024 5G Forum on May 22 takes a deep dive into the U.S. government’s top 5G priorities, opportunities, challenges and initiatives as advancements in this vital technology area con...
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...
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...
