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Executive Mosaic’s GovCon Index and Wall Street ended the week strong due to a broad market rally. The index, which tracks the stock performances of 30 major government contractors, edged 0.21% higher Friday to $4,871.91, suitable for a 1.94% week-on-week gain. The Nasdaq Composite advanced 2.02% for a weekly gain of 4.2%. Alphabet (Nasdaq: G...
The Department of Homeland Security has established the Artificial Intelligence Safety and Security Board responsible for providing advice about AI technology’s safe and secure development and deployment in U.S. critical infrastructure. The board consists of more than 20 technology and critical infrastructure executives, including Wash100 awar...
Hughes Network Systems has unveiled a new manufacturing center in Germantown, Maryland, to house the production of satellite modems and terminals and the testing of private 5G technologies. The EchoStar company said Friday the Hughes Manufacturing Facility is located in the Pinkney Innovation Complex for Science and Technology on the Montgomery Coll...
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...
Potomac Officers Club is the premier government contracting events organization in the Capital region. It connects executives from across the industry, from big-name prestige brands to small, up-and-coming outfits. In recent years, Potomac Officers Club has evolved into a primarily summit-based company, holding large monthly conferences centered aro...
VTG has moved to expand its portfolio of digital transformation platforms and cloud services for defense and intelligence community customers through its acquisition of Vana Solutions. Vana Solutions is a Dayton, Ohio-based company founded by Srujal Sheth and Sunit Sheth in 2005 and is focused on delivering cloud services, advanced analytics, data f...
Kristen McLeod, most recently senior vice president of finance and accounting and controller at Calibre Systems, has assumed the roles of executive VP and chief financial officer at the Alexandria, Virginia-based management consulting and digital transformation company. In this capacity, she will serve as a corporate officer and fiscal strategist an...
Tara Martin, former vice president at L3Harris Technologies (NYSE: LHX), was appointed senior VP of business development at the national security and innovative solutions business of CACI International (NYSE: CACI), according to her LinkedIn announcement. She brings to the role years-long experience in business development, having previously served ...
Griffon Aerospace and a Textron (NYSE: TXT) business will further develop their unmanned vertical takeoff and landing system offerings after the U.S. Army exercised the third and fourth options in its other transaction agreements with the two vendors, DVIDS reported Thursday. Textron Systems and Griffon Aerospace will perform flight demonstrations a...
IBM (NYSE: IBM) has agreed to acquire HashiCorp (Nasdaq: HCP) for approximately $6.4 billion, or $35 per share in cash, to expand its infrastructure and security lifecycle management capabilities designed to help organizations automate their multicloud and hybrid cloud environments amid the rapid deployment of artificial intelligence technologies. I...
