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On August 15, Navy Comptroller Russell Rumbaugh will join other U.S. Navy leaders, government decision makers and naval experts as they discuss the service branch’s top priorities, challenges and opportunities. Join the 2024 Navy Summit, hosted by the Potomac Officers Club, to meet, learn from and network with Rumbaugh in person. Read on to lea...
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...
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...
ECS has appointed Peter Santighian, a more than two-decade government contracting industry veteran, as senior vice president of defense. Santighian will oversee the company’s strategy and growth initiatives and drive the delivery of platforms and services in the areas of cloud, cybersecurity, artificial intelligence and machine learning, enter...
Iridium Communications (Nasdaq: IRDM) reported financial results for the second quarter of 2024, highlighting revenue and subscriber growth plus profit during the period. In the three months ending June 30, 2024, total revenue increased 3.9 percent year-over-year to $201 million, while net income reached $32.3 million compared to the $30.7 million n...
Sonya Branco is set to step down as executive vice president for finance and chief financial officer at CAE (NYSE: CAE), positions she has held since 2016. Constantino Malatesta, chief accounting officer and vice president of the Controller Office since 2022, will take over Branco’s role in the interim while a permanent successor is sought,...
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....
What’s next for artificial intelligence in the federal landscape, and how are government leaders looking to use AI? Bill Rowan, vice president of public sector at Splunk, shared his insights about the future of AI, popular AI use cases and how AI could change the game in cybersecurity in a new Executive Spotlight interview with GovCon...
