Shankar Rachkonda has been an entrepreneur at heart for a long time, so it wasn’t a question if he was going to start a business, just a matter of when. After earning a mechanical engineering bachelor’s degree and a Ph.D. in engineering, he built a career working in large businesses serving government and commercial entities as...
The U.S. Navy has exercised an option under a five-year shipbuilding deal with HII (NYSE: HII) to procure an Arleigh Burke-class guided missile destroyer in fiscal year 2023. HII will provide DDG 51 construction, engineering change proposals, design budgeting and post-delivery services to the service branch, the Department of Defense said Friday. Th...
Aeyon has won a task order to provide strategic workforce integration support services to the Office of the Assistant Secretary of the Navy Financial Management and Comptroller. The award encompasses program management, strategic communication and guidance support for talent acquisition and management, workforce integration, employee engagement and ...
The Department of Defense has formed a task force that intends to advance the responsible development and deployment of large language models and other generative artificial intelligence technologies across DOD. DOD said Thursday the chief digital and AI office will lead Task Force Lima, which will help mitigate risk and address redundancy as the de...
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...
Lockheed Martin (NYSE: LMT) has booked a three-year, $175.2 million contract modification to manufacture additional surface-to-surface precision-strike guided missile systems for initial U.S. Army deployment. The award funds work on the first and second early operational capability production batches of the Precision Strike Missiles, according to a ...
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...
Data is continuously transforming all facets of the modern battlefield, and recognizing its potential, the U.S. Army is working to unlock the benefits it offers for the warfighter. One area in which data has huge potential is contested logistics, which has evolved along with technology. “When you hear ‘contested logistics,’ itR...
DLH Holdings (Nasdaq: DLHC) posted fiscal 2023 third-quarter revenue of$102.2 million, up 54 percent from the prior-year period’s $66.4 million. The Atlanta-based company said Wednesday it ended the quarter with a contract backlog of $817.8 million, of which about $147.3 million was funded. The federal digital transformation and systems engineerin...
HII (NYSE: HII) saw its second-quarter revenue for fiscal year 2023 climb 4.7 percent to $2.8 billion and reported net earnings of $130 million and diluted earnings per share of $3.27 for the quarter. The military shipbuilding company said Thursday Q2 new contract awards reached about $2.6 billion and that it ended the quarter with...
