Artificial intelligence is sweeping the Department of Defense, and in search of new ways to support the warfighter on the ever-changing modern battlefield, the department is now heavily focused on perfecting this emerging technology. Ensuring that AI implementation aligns with DOD values and objectives is an effort that requires careful attenti...
President Joe Biden has signed an executive order to address foreign threats to U.S. national security by authorizing the secretary of the Treasury to regulate U.S. investments in countries of concern that are involved in developing technologies considered essential for military, cyber, intelligence and surveillance operations. The EO identifies sem...
Government contracts awarded by Air Force Research Lab have since been an effective collaboration between the government and private sectors. The purpose of these research and development programs is to advance technical and scientific expertise and apply what is gained to achieve national and agency goals The Air Force Research Laboratory (A...
By Light has created a joint venture with the Civil-Military Innovation Institute to offer cybersecurity technology development support services and build the future cyber workforce in West Virginia. Cyber Innovation Institute will combine resources from By Light and CMI2 to bring innovative cybersecurity products and services to defense and commerc...
V2X (NYSE: VVX) saw its pro forma revenue jump 10.2 percent to $977.9 million during the second quarter of fiscal year 2023 and reported $2.1 billion in quarterly bookings with a total backlog of $13 billion, of which $3.1 billion was funded. The McLean, Virginia-based defense services contractor said Tuesday it recorded $34.3 million in...
Gary Sauer, a former program manager at the Defense Advanced Research Projects Agency, has been named vice president of business development for advanced research and development at Eqlipse Technologies. He will lead the expansion and transition of Eqlipse’s R&D capabilities to operational programs that support defense and intelligence com...
Luke Savoie, formerly president of intelligence surveillance and reconnaissance at L3Harris Technologies (NYSE: LHX), has been chosen by the board of directors at Elbit Systems‘ (Nasdaq: ESLT) U.S. subsidiary to succeed retiring President and CEO Raanan Horowitz. Horowitz will step down from the dual role on March 31, 2024, after a 34-year car...
Jacobs Solutions (NYSE: J) reported fiscal year 2023 third-quarter revenue of $4.2 billion, a 9.4 percent increase over the same period a year ago and maintained its full-year adjusted earnings outlook of $7.25 per share to $7.45 per share. The Dallas-based company’s total backlog as of June 30 stood at $28.9 billion, up 2.9 percent...
American Systems President and CEO Peter Smith is set to retire on Sept. 5 after a 43-year career with the company and will be succeeded by John Steckel, vice president of corporate development. Smith, a three-time Wash100 winner, will continue to be part of American Systems’ board of directors after he steps down from the...
Frontgrade Technologies, a portfolio company of Veritas Capital, has acquired radio frequency amplifier technology provider Aethercomm in a deal aimed at complementing Frontgrade’s aerospace and defense electronics portfolio. The acquired entity will operate as Frontgrade Aethercomm and be led by Todd Thornton as general manager, the parent co...
