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The Navy has made strides in modernization, but to prevent surprises from competitors working to exceed its capabilities, the service branch must always “be looking for more innovation and driving it out to the plate,” according to Hon. Nickolas Guertin, assistant secretary of the Navy for research, development and acquisition. To continue ...
A report by financial services company Raymond James (NYSE: RJF) shows that 122 mergers and acquisitions occurred in the defense and government market during the second quarter of 2024, a 63 percent increase from the prior-year period and an 11 percent rise from the previous quarter. The August report was issued by Raymond James’ defense ...
Summit Technology Group has introduced artificial intelligence capabilities for its cloud-based federal loans and grants platforms, opened a new office in the Washington, D.C. metropolitan area and made key industry hires to support the company’s expansion in the federal sector. Investments in AI Tech for Federal Loans & Grants Platforms STG s...
Executive Mosaic’s GovCon Index finished 0.32% higher at $5,342.51 before the weekend and logged its first all-week performance following gains from Monday to Friday. While the 2.42% overall weekly gain was only the second-best on record, the index tracking the stock performances of 30 major government contractors extended its winning streak to ni...
The State Department has cleared a potential $5 billion foreign military sales request of Germany to buy up to 600 Patriot Advanced Capability-3 Missile Segment Enhancement interceptors and related equipment and services from the U.S. government. The Defense Security Cooperation Agency said Friday Lockheed Martin (NYSE: LMT) will serve as the prime ...
Former Deputy Secretary of Defense Robert Work approached Michael Stewart, director of the U.S. Navy’s Disruptive Capabilities Office, and asked if, given all of the rhetoric around artificial intelligence and unmanned systems, the service branch is actually making real use of the technologies and “doing something with it.” Until a f...
Client Solution Architects, an integrated technology provider, has secured a $133 million award under the Mission Training Complex Capabilities Support II contract of the U.S. Army to support the Joint Multinational Simulation Center in Europe. CSA said Thursday it will continue providing support for JMSC’s Mission Command Information Sy...
Leidos (NYSE: LDOS) has recruited Kris Mork, a former Guidehouse director, to serve as chief data officer of its health and civil segment. Mork confirmed their new role in a LinkedIn post Wednesday. The biomedical and health informatics expert will drive Leidos’ data strategy and governance in support of its customers in the healthcare and...
The U.S. Navy has awarded three companies positions on a potential five-year, $145.9 million blanket purchase agreement to provide Appian commercial off-the-shelf software and hardware, propriety appliances and information technology maintenance support. The Department of Defense said Tuesday the Naval Information Warfare Center Pacific in San Diego...
Everfox, formerly Forcepoint Federal, has completed its purchase of Garrison Technology as part of efforts to expand its portfolio of cybersecurity offerings for customers in government, critical infrastructure and regulated industries. Everfox said Wednesday it will add to its portfolio of threat protection, cross domain and insider risk platforms ...
