Shield AI, which is developing an artificial intelligence pilot for aircraft, has secured $200 million in a round of Series F financing led by U.S. Innovative Technology Fund and co-led by Riot Ventures. ARK Invest, Disruptive and Snowpoint participated in the oversubscribed funding round, which brings Shield AI’s valuation to $2.7 billion. “Thi...
Redhorse, an Arlington, Virginia-based information technology services contractor, has acquired Allied Associates International for an undisclosed sum in a transaction that expands its cybersecurity intelligence offerings for national security customers. A2I’s current leadership team will continue to run the organization as a business unit within ...
A multifaceted technologist, Capgemini Government Solutions Chair, CEO and President Bill Webner has built a three-decade career assisting public sector organizations in completing their missions using innovative new tools and strategies. Webner is an alum of Booz Allen Hamilton and Freddie Mac who came to CGS, an independent subsidiary of global ma...
Northrop Grumman (NYSE: NOC) will build 38 Alpha satellites for the second tranche of the Proliferated Warfighter Space Architecture’s transport layer under a potential $732 million contract with the Space Development Agency. The company said Monday the contract covers five years of satellite operations and sustainment services and support for ass...
Harnessing powerful technologies, constantly innovating and making the force more lethal are some of the top focus areas for the U.S. Army’s new Chief of Staff, Gen. Randy George. At the Association of the U.S. Army’s 2023 Annual Meeting and Exposition in October, George outlined his main priorities. If you’re interested in the Army...
The third quarter 2023 financial report of Northrop Grumman (NYSE: NOC) is out and in the three months that ended Sept. 30, sales climbed nine percent to $9.8 billion versus Q2 2022, while net earnings increased two percent year-over-year to $937 million. The total backlog of the aerospace and defense company also rose to a record-high...
The General Services Administration has issued a draft request for quote outlining its plan to establish under GSA’s Multiple Award Schedules contract a potential 10-year, $919.7 million blanket purchase agreement for the acquisition of supply chain risk illumination tools and analytic support services. The proposed Supply Chain Risk Illumination ...
RTX (NYSE: RTX) has agreed to sell its Raytheon’s cybersecurity, intelligence and services business to an undisclosed buyer for approximately $1.3 billion. The company announced the move in its third-quarter earnings report published Tuesday. Reuters reported that private equity firm Blackstone was the prospective purchaser of the business. The Ra...
2023 marks the 20th annual Cybersecurity Awareness Month, the U.S. federal government’s tradition of promoting careful cyber hygiene and ensuring protective precautions for digital assets. Established by the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency and a nonprofit, the National Cybersecurity Alliance, ev...
CACI International (NYSE: CACI) released its results for the three months that ended Sept. 30, highlighting a 15.2 percent year-over-year revenue growth to $1.85 billion during the first quarter of its fiscal year 2024. John Mengucci, president and CEO of CACI and a four-time Wash100 awardee, said in a statement published Wednesday, “The busin...
