Executive Mosaic’s GovCon Index stayed flat despite negative returns in three of five sessions. The index, which tracks the stock performances of 30 major government contractors, hardly moved with a negligible $0.20 uptick week-on-week to $4,880.65. Meanwhile, the three major equities indexes booked weekly gains, resulting in Wall Street’s best...
Project Maven was launched in 2017 to accelerate the adoption of artificial intelligence across the U.S. military. The initiative has made tremendous strides in its efforts to explore new AI technologies, and in November, it became a program of record at the National Geospatial-Intelligence Agency. Rachael Martin, director of NGA’s Maven Office a...
While artificial intelligence is still a growing technology and comes with its share of risks and unknowns, some experts feel that the U.S. government is being too conservative about releasing information to the public regarding AI. “I think we all recognize we do not want to put out and jeopardize information that’s important to the...
Lockheed Martin is a multinational aerospace, defense, and technology corporation well-known for its state-of-the-art contributions to space exploration and national security. With more than a century of experience, it has made a name as a pioneer in cutting-edge technological solutions that influence the direction of the aerospace and defense indus...
The appropriations committees of the House and Senate on Thursday released the $825 billion defense spending bill for fiscal year 2024. The FY 2024 Defense Appropriations Act reflects a $27 billion increase from the FY 2023 enacted funding level, the House Appropriations Committee said Wednesday. The appropriations measure would provide $3.72 billio...
The Department of Defense’s Chief Digital and Artificial Intelligence Office is set to release its first maturity model for large language models this year, according to CDAO Chief Technology Officer William Streilein. LLMs are deep learning models that are trained on mass amounts of data and can respond to prompts from a human. They are a major...
Jeremy Sloane, a retired U.S. Air Force brigadier general, has joined integrated software planning software provider Decision Lens as senior vice president for the Air Force and Space Force. In this capacity, he will leverage his three-decade career in the military to advance modernization initiatives in support of Air Force and Space Force customer...
A General Dynamics (NYSE: GD) subsidiary will continue to help the U.S. Navy design and provide engineering support for operational strategic and attack submarines under a potential $145 million contract modification. The award also extends technical, design agent and planning yard support services for the service branch, the Department of Defense s...
Chris Gregory, former vice president at HawkEye 360, has joined Kratos Defense and Security Solutions (Nasdaq: KTOS) as VP of product management for space domain awareness at its space-focused business arm, according to a LinkedIn post. He spent seven years at HawkEye 360, most recently serving as its VP of system engineering and operations. His...
Tysons, Virginia-based management consulting firm LMI has acquired technology firm JJR Solutions as part of a push to broaden its technology modernization capabilities for federal government customers. Established in 2009, Dayton, Ohio-based JJR Solutions works to help U.S. military and government agencies meet their digital transformation goals by ...
