The U.S. government has agreed to acquire a 9.9 percent stake in Intel through an $8.9 billion investment in the technology company’s common stock to help achieve U.S. technology leadership and expand the domestic semiconductor industry. Intel said Friday the investment will be funded by $5.7 billion in remaining CHIPS and Science Act grants and...
Ashley Meston announced on LinkedIn Thursday that she has been appointed vice president of sales and business development at Constellis. In her new role, Meston will represent the company’s artificial intelligence-enabled Layered Extended Security Operations, or LEXSO, perimeter security technology. She brings to the position her ex...
RTX business Pratt & Whitney has secured a potential $2.88 billion undefinitized contract modification from the U.S. Navy for the delivery of F135 propulsion systems. Save your spot now to listen to experts discuss the U.S. Navy’s innovative technologies, strategic partnerships and crucial policies at the Potomac Officers Club’s 202...
The Defense Threat Reduction Agency has awarded six companies positions on a $3.5 billion indefinite-delivery/indefinite-quantity, multiple-award contract for the Cooperative Threat Reduction, or CTR, Program. Under the 10-year contract, the selected companies will compete for task orders to provide a broad range of services and products to deliver ...
Invisible Technologies has appointed Sharon Woods as senior vice president of enterprise accounts for the global public sector. In a LinkedIn post announcing the appointment, Wes Green, SVP of global public sector at Invisible Technologies, welcomed the addition of Woods to the artificial intelligence software provider. “Sharon is an amazing t...
Pasteur Labs has acquired FOSAI for an undisclosed sum as part of efforts to drive the adoption of its artificial intelligence-driven physics simulation capabilities for defense and space applications. “This acquisition represents a natural evolution of our mission to bridge the gap between breakthrough simulation-based R&D and real-world ...
Red River has appointed David Raffetto as senior vice president and general manager of its technology solutions division, a move aimed at accelerating the company’s growth in federal and commercial technology markets. In his new role, Raffetto will lead sales teams, direct go-to-market strategy, drive growth across diverse markets and strength...
Scale AI, a San Francisco, California-based company that aims to accelerate the development of artificial intelligence applications, has secured a $99.5 million contract from the U.S. Army for the procurement of research and development services. R&D Contract Details The Department of Defense said Thursday the Army Contracting Command at th...
Peraton reported that it secured $100 million in contracts from federal and state agencies to help them meet digital modernization goals, address national security imperatives and ensure continuity of critical operations. “These strategic contract awards demonstrate our unwavering commitment to delivering innovation, security, and operational ...
Lawmakers are moving forward with reforming how the U.S. sells weapon systems to allies to help the U.S. get advanced technologies such as unmanned systems into the hands of partner nations faster. The House Foreign Affairs Committee in late July progressed a number of legislative packages that had provisions to incentivize U.S. capabilities an...
