Northrop Grumman (NYSE: NOC) reported $10 billion in revenue for the fourth quarter of 2022, up 16 percent from $8.6 billion in the prior-year period, and a 3 percent increase in organic sales for the full year ended Dec. 31. The Falls Church, Virginia-based aerospace and defense contractor said Thursday the sales growth was driven...
Digital transformation and the adoption of emerging technologies have served as major catalysts for innovation and progress for the federal government in recent years. However, as agencies move to the cloud, capabilities extend to the tactical edge and remote work continues, the traditional perimeters of an organization are extending and even disapp...
Many prognosticators and pundits have speculated that we have moved past the Information Age to a new phase of life and society dictated even more by technological advancements. Some call it the IoT, or Internet of Things Era and others consider it the Artificial Intelligence Era. Whichever moniker ends up sticking, there is no doubt that...
The U.S. Space Force has begun seeking proposals for a potential five-year, $350 million contract for the procurement of innovation, integration and information support services. A notice posted Tuesday on SAM.gov states that the 3IS III contract covers information technology, wargaming and combat training support services for Space Delta 12 and its...
Raytheon Technologies (NYSE: RTX) plans to realign its four current businesses into three focused segments – Collins Aerospace, Pratt & Whitney and Raytheon – as part of efforts to drive the company’s technology synergies, market growth and financial targets. Christopher Calio, chief operating officer of Raytheon, will assume additiona...
In today’s particularly complex and competitive geopolitical environment, the United States is reinvigorating its commitment to advancements in critical defense priority areas. New warfighter capabilities are being enabled by technologies like artificial intelligence, microelectronics and others, but the U.S. must accelerate investments in these a...
DMI has purchased Simplex Mobility for an undisclosed sum in a transaction that expands DMI’s presence in the managed mobility services market. Rocky Thurston, chief operating officer of DMI, said in a statement released Tuesday the transaction will enable the company to offer a managed service offering meant to help clients monitor, transform...
The commercialization of space has skyrocketed in recent years; the ubiquity of launch, the proliferation of commercial satellites in space and the rise of military activity in the domain has simultaneously accelerated space innovation and increased competition across the globe. For the U.S. government, industry’s growing footprint in space is unl...
Lockheed Martin (NYSE: LMT) will manufacture and deliver a dozen units of the F-16 Block 70 aircraft to Jordan’s royal air force under a finalized agreement between the Middle Eastern country and the U.S. government. Jordan ordered the fighter jets in a move to strengthen defense capabilities and enhance combat readiness and interoperability w...
Thoma Bravo has agreed to acquire digital investigation software developer Magnet Forensics through Morpheus Purchaser, a newly established corporation controlled by the private equity firm, for approximately $1.3 billion. Thoma Bravo said Friday it expects the acquisition to close in the second quarter of 2023, pending approvals by shareholders and...
