The U.S. Air Force is increasingly focused on surmounting big data issues as the service pursues enterprise modernization and data-driven decision making capabilities. Problems like lack of ownership over telemetry data, an inability to easily develop software using data and widespread compartmentalization are inhibiting the Air Force from being abl...
Leidos (NYSE: LDOS) will maintain surface ship undersea warfare systems for the U.S. Navy and the governments of Australia and Japan under a contract worth potentially $291.9 million. The company will install AN/SQQ-89 combat system shipset hardware and perform logistics support work under the contract with an initial value of $24 million, the Depar...
Booz Allen Hamilton (NYSE: BAH) has secured a potential five-year, $622.5 million contract to help manage the security and privacy of information technology processes across the NASA enterprise. The company will work with NASA’s Office of Chief Information Officer under the Cybersecurity and Privacy Enterprise Solutions and Services contract, also...
Leidos (NYSE: LDOS) saw its first-quarter revenue for the fiscal year 2022 climb 5 percent to $3.5 billion and posted $177 million in net income and diluted earnings per share of $1.25 during the quarter. The Reston, Virginia-based technology services contractor said Tuesday the sales growth from the prior-year period across reportable segments was ...
Executive Mosaic is glad to introduce Roy Azevedo, president of Raytheon Technologies‘ intelligence and space subsidiary, as a recipient of the 2022 Wash100 Award for driving business growth through major contract wins, technology development efforts, workforce and facility expansion as well as acquisition and partnership activities. The rec...
Boeing signed an agreement on Monday with EPIC Fuels to purchase 2 million gallons of blended sustainable aviation fuel, or SAF, that will power its commercial operations in two U.S. states through the end of the year. The purchase marks the largest SAF procurement by an airframer and positions Boeing as a leader in SAF adoption...
L3Harris Technologies (NYSE: LHX) reported $4.4 billion in revenue for the fourth quarter of 2021 and $17.8 billion in full year revenue. The Melbourne, Florida-based defense company said its 2021 operating cash flow was $2.7 billion, with an adjusted free cash flow of $2.75 billion. “The L3Harris team delivered solid EPS growth, consistent with ...
Bank of America’s global crypto and digital asset specialists forecast that the U.S. could advance and introduce a central bank digital currency as early as 2025, BloombergQuint reported Tuesday. CBDCs “are an inevitable evolution of today’s electronic currencies,” BofA strategists Alkesh Shah and Andrew Moss wrote in the report. Both st...
Defense agency and commercial sector leaders came together on Wednesday to examine the Department of Defense’s current research and development strategies, technology innovation efforts and acquisition reform initiatives during the Potomac Officers Club’s highly-anticipated 8th Annual Defense R&D Summit. After the virtual audience heard fr...
During the Potomac Officers Club’s 8th Annual Defense Research and Development Summit Wednesday, some of the top defense sector leaders from government and industry joined to share their insights on the Department of Defense’s most pressing R&D priorities, strategies and technology innovations in today’s ever-evolving defense and comb...
