The Potomac Officers Club is hosting its 9th Annual Intel Summit on Thursday, September 21, 2023, bringing together leading voices from the intelligence community, government and industry to discuss the state of American intelligence and what lies ahead for the critical sector. As an organization under the Executive Mosaic umbrella, t...
IBM (NYSE: IBM) has landed a potential eight-year, $1 billion contract to manage, integrate and maintain IBM Z systems mainframe and related hardware and software for the Internal Revenue Service. The IRS Enterprise Systems – IBM Support indefinite-delivery/indefinite-quantity award has a one-year base period and seven option years, according ...
L3Harris Technologies (NYSE: LHX) reported $4.69 billion in second-quarter revenue, up 13 percent from the prior-year period, and lifted sales outlook for 2023 with growth across the company’s three core business segments. The Melbourne, Florida-based aerospace and defense contractor now expects full-year revenue of between $18.0 billion and $...
CACI International (NYSE: CACI) has booked a five-year, $209 million contract from the U.S. Navy Fleet Forces Command to support the Naval Forces Logistics program. The company said Wednesday it will continue to build software and other technology platforms for the USFFC NFL mission under the single-award prime contract. USFFC is tapping into CACI&#...
General Dynamics (NYSE: GD) saw its revenue increase 10.5 percent year-over-year to $10.2 billion during the second quarter of fiscal 2023 and reported net earnings of $744 million and $2.70 in diluted earnings per share. The Reston, Virginia-based defense and aerospace contractor said Wednesday it achieved a record-high backlog of $91.4 billion wit...
NewSpring Holdings has bought Bridge Core for an undisclosed sum as part of a strategy to establish a full-spectrum company focused on meeting the technology needs of the U.S. intelligence community. NewSpring said Wednesday Chad Kim, most recently chief technology officer at QinetiQ Group’s U.S. arm, has been appointed CEO of Bridge Core, a provi...
Sarcos Technology and Robotics (Nasdaq: STRC and STRCW) has established an artificial intelligence-focused business segment to cater to the demands of the defense market, and selected Denis Garagic, the company’s chief technology officer, to lead the new unit. The Advanced Technologies division will market Sarcos’ AI and machine learning...
Thirteen additional vendors will compete for work under a $950 million U.S. Air Force contract vehicle to build and demonstrate Joint All Domain Command and Control technologies for air, land, space, sea, cyber and electromagnetic spectrum operations. The indefinite-delivery/indefinite-quantity award encompasses the development and operation of mult...
Collins Aerospace will perform tactical mission network services in support of the U.S. Special Operations Command under a $62 million contract. The RTX (NYSE: RTX) business will provide SOCOM’s Technology Applications Program Office with logistics assistance and life-cycle support for avionics and cockpit systems over a five-year period, the ...
The Department of Health and Human Services’ Biomedical Advanced Research and Development Authority has begun seeking proposals for the second iteration of its accelerator program to advance the rapid development and commercialization of medical countermeasures. A notice posted Wednesday on SAM.gov states that BARDA Accelerator Network 2.0 aim...
