As the world embraces artificial intelligence, more and more federal agencies are looking at areas in which the technology could make operations more efficient and effective. The Defense Contract Management Agency, which provides contract administration services for the Department of Defense, is one such organization moving toward AI adoption. ...
HII (NYSE: HII) released its recent financial results and achieved several milestones in the third quarter of 2023. In the three months that ended Sept. 30, 2023, total revenues during the quarter increased 7.2 percent to $2.81 billion versus Q3 2022, a new third-quarter record, while new contract awards hit $5.4 billion. The company said...
The U.S. Agency for International Development has awarded seven companies spots on a potential five-year, $800 million contract to provide services in support of USAID’s regional and bilateral programs in Latin America and the Caribbean. USAID announced the awardees for the Central America Regional Support Services indefinite-delivery/indefinite-q...
Julie Vida, a professional with an extensive career including U.S. Navy service and technology and defense industry leadership roles, has assumed the position of vice president of growth for the defense sector at ManTech, according to her LinkedIn post published Tuesday. She joined the federal technology services company after she worked a...
Textron‘s (NYSE: TXT) Bell subsidiary will possibly provide aircraft maintenance and logistics support services to the Iraqi government under a potential $300 million foreign military sales agreement approved by the State Department. The services will add to a previously awarded FMS deal worth $28 million and support three Bell 407 variants, 2...
Zero trust cybersecurity firm Xage Security received investment from Science Applications International Corp. (NYSE: SAIC) and six other venture capital firms in a funding round that raised $20 million. The financing series, which has received a total of $80 million, will be used to advance Xage’s research and development initiatives and expan...
Cybersecurity company Summit 7 has acquired CSW Systems for an undisclosed sum as part of efforts to expand the delivery of compliance support and managed information technology services to classified data processing facilities and initiatives across the Department of Defense and Intelligence Community. Founded in 2011, CSW Systems has offices in Wa...
Northrop Grumman (NYSE: NOC), Blane International Group and Global Military Products have won spots on a potential five-year, $490 million contract to provide special ammunition and weapons systems for the U.S. Army. Army Contracting Command received six offers for the firm-fixed-price contract through an online solicitation, the Department of Defen...
Parsons (NYSE: PSN) reported top and bottom-line results in the third quarter of 2023. In the three months that ended Sept. 30, 2023, total revenue rose 25 percent year-over-year to $1.4 billion, a new company record, and net income climbed 60 percent to $47 million versus Q3 2022. The shares of the technology provider popped...
Seth Kindley, formerly a principal technologist at enterprise data security provider Pure Storage (NYSE: PSTG), has joined Hewlett Packard Enterprise (NYSE: HPE) as chief technology officer for the civilian federal sector. He announced his new role Thursday on LinkedIn and assumed the position following an almost seven-year career at Pure Storage. K...
