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The Air Force Materiel Command is soliciting proposals for a multiple award, indefinite-delivery/indefinite-quantity contract for the Contract Field Teams labor augmentation support requirements program. According to a request for proposal posted on SAM.gov, the acquisition has a ceiling amount of $7 billion to cover all CFT LASR contracts/task orde...
A new McAleese & Associates report indicates that the House Appropriations Committee’s $833 billion defense appropriations bill includes $294.3 billion for the Department of Defense’s operations and maintenance initiatives and $165.3 billion for procurement efforts in fiscal year 2025. Jim McAleese, founder of McAleese & Associat...
Rob Dao, a more than two-decade industry veteran, was appointed vice president of U.S. federal at Austin, Texas-headquartered cybersecurity technology company CrowdStrike (Nasdaq: CRWD), according to his LinkedIn announcement. Dao previously held the same post at vArmour and then at Tanium. Prior to those stints, he served as regional vice president...
Electronics manufacturer Gresham Worldwide has agreed to merge with a subsidiary of Ault Disruptive Technologies (NYSE: ADRT), a special purpose acquisition company, to form a combined entity valued at approximately $83 million. Ault Disruptive will rebrand and operate as Gresham Worldwide and remain listed on the New York Stock Exchange under the t...
Executive Mosaic’s GovCon Index inched lower Friday but the substantial gains in three of four trading sessions averted a fourth straight weekly loss. The index, which tracks the stock performances of 30 major government contractors, advanced 1.89% week-on-week to finish higher at $4,979.17. The S&P 500 (+0.6%) and Nasdaq Composite (+0.003%) h...
The Department of the Treasury is soliciting public comments on a proposed rule to implement a 2023 executive order that seeks to prevent U.S. outbound investments from being exploited by foreign countries of concern seeking to build sensitive technology products that pose national security risks. The Treasury said Friday the EO intends to establish...
Material Security is the synergistic brainchild of three entrepreneurial technologists: Chairman Ryan Noon, Vice President of Engineering Chris Park and CEO Abhishek Agrawal. The unfortunate milestone of government cyber attacks in 2016 prompted the trio to found the organization and develop no-nonsense, effective security products and services. Th...
As one of the Department of Defense’s 14 critical technology areas, artificial intelligence has taken center stage in the organization’s research and development endeavors. According to Matt Turek, deputy director of the Defense Advanced Research Projects Agency’s Information Innovation Office, approximately 70 percent of the agency’s progr...
The Defense Innovation Unit has begun the strategic allocation of its fiscal year 2024 budget worth approximately $983 million to advance its DIU 3.0 strategy aimed at accelerating and expanding the delivery of commercial technology platforms to warfighters. DIU said Thursday it will allocate its FY 2024 budget across four categories designed to acc...
The Army’s 100-day investigation of risks tied to artificial intelligence implementation is coming to a close, and now, the service branch is exploring what the findings mean for the next phase of its AI journey. Dan Andrew, software systems architect with the Office of the Deputy Assistant Secretary of the Army for Data, Engineering and...
