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Generative artificial intelligence refers to a type of AI tool that can produce content in response to user prompts. These rapidly evolving technologies are transforming operations across both the public and private sectors, and while organizations are moving quickly to adopt genAI, there are still concerns that must be considered as these tools are...
Northrop Grumman (NYSE: NOC) saw its second-quarter fiscal 2024 sales climb 7 percent to $10.2 billion, up from $9.6 billion during the prior-year period, and attributed the growth to strong demand for the company’s products and services. The Falls Church, Virginia-based aerospace and defense contractor said Thursday Q2 net awards totaled $15....
General Dynamics‘ (NYSE: GD) Electric Boat subsidiary will continue providing the U.S. Navy with long-lead-time materials in support of the Virginia Class Block VI submarines. The Department of Defense said Thursday Naval Sea Systems Command awarded a $181 million contract modification to General Dynamics Electric Boat for the requirements. Wo...
Trevor McKnight, a Booz Allen Hamilton (NYSE: BAH) veteran, has joined the civilian and health operating group of ASRC Federal as vice president of citizen services. In a LinkedIn post Thursday, ASRC Federal said McKnight has 24 years of experience in supporting the Federal Aviation Administration, the Department of Transportation and other key cust...
NASA has awarded a potential $96.3 million indefinite-delivery/indefinite-quantity contract to an Akima subsidiary for logistics support services. Akima Global Logistics will provide logistics support for the space agency’s Marshall Space Flight Center in Huntsville, Alabama, as part of the MSFC Logistics Support Services II performance-based cont...
Astrion, a portfolio company of Brightstar Capital Partners, has agreed to acquire Axient for an undisclosed sum to expand its capabilities and presence in the defense and federal civilian market. Astrion said Wednesday it expects the acquisition to conclude in the third quarter of 2024, subject to government and regulatory clearances and other cust...
KBR (NYSE: KBR) reported $1.9 billion in revenue during the second quarter of fiscal year 2024, up 6 percent from the prior-year period, and recorded $2.1 billion in Q2 bookings and options with a book-to-bill of 1.0x on a trailing 12-month basis. The Houston-based engineering contractor said Wednesday its Q2 net income was $106 million...
Akira Technologies has appointed Craig Fitzpatrick, a technology industry executive, as chief innovation officer. In a LinkedIn post published Wednesday, the Washington, D.C.-based company said Fitzpatrick will oversee research and development, customer-centric prototype development efforts and emerging technology partnerships. The U.S. Air Force ve...
Jeff Muller, former director of special projects at Atlantix Partners, was appointed chief operating officer at Rise8. The Tampa, Florida-headquartered software development company said Tuesday Muller will be responsible for accelerating growth for Rise8 through strategic planning, organizational development and information technology and human reso...
General Dynamics (NYSE: GD) generated $11.9 billion in revenue during the second quarter of fiscal year 2024, which the company’s CEO, Phebe Novakovic, described as “a strong quarter overall.” The company said Wednesday that its revenue for the period was 18 percent higher than the revenue reported for the same period in 2023. Of t...
