Leidos (NYSE: LDOS) reported fiscal year 2022 fourth-quarter sales of $3.7 billion, up 6 percent from the prior-year period, and saw its full-year revenue climb 5 percent to $14.4 billion. The defense and information technology services contractor said Tuesday non-GAAP diluted earnings per share rose 17 percent for the October-December period to $1....
The U.S. Patent and Trademark Office within the Department of Commerce is soliciting comments on the current state of artificial intelligence technologies and issues related to inventorship. The USPTO is asking the public to submit written responses to a list of questions related to the use of AI and machine learning in the invention creation...
Acorn Growth Companies, a middle-market defense and aerospace investor, has finalized its sale of Black Sage Technologies to private equity firm Highlander Partners. The transaction, which comes nearly four years after Acorn bought Black Sage, is part of the latter’s expansion strategy, Acorn Growth said Tuesday. Oklahoma-headquartered Acorn G...
The U.S. Army Corps of Engineers has awarded seven positions on a five-year, $250 million contract to carry out land-based civilian construction projects. The firm-fixed-price contract is expected for completion by Feb. 13, 2028, and will be funded on a per-order basis, the Department of Defense said Tuesday. USACE has yet to determine where the...
Intuitive Machines will start trading common stock on Nasdaq as a result of the space technology developer’s merger with New York-based special purpose acquisition company Inflection Point Acquisition Corp. The combined entity will trade under the ticker symbol LUNR and will receive $55 million from an affiliate of company founders and sponsor...
The Department of Defense Chief Digital and Artificial Intelligence Office has published an update to its long-term open call for new technologies to support the adoption of artificial intelligence/machine learning as well as data and digital analytics. The invitation was launched in cooperation with the U.S. Army Contracting Command – Rock Is...
Eric Fanning, president and CEO of the Aerospace Industries Association and a previous Wash100 Award winner, highlighted the key role of government investment in ensuring the security of the U.S. critical mineral supply chain amid competition with China during a House Armed Services Committee hearing on the state of the U.S. defense industrial base ...
Executive Mosaic is pleased to introduce Rob Geckle, CEO of Airbus U.S. Space & Defense, as a 2023 Wash100 Award winner in recognition of his strategic vision to help grow the company’s presence in the national security market and other key government segments. Geckle leads Airbus’ independent business in Arlington, Virginia, that la...
The U.S. Army has awarded AM General a potential 10-year, $8.66 billion contract to produce up to 20,682 Joint Light Tactical Vehicles and 9,883 JLTV trailers for the joint force and foreign military sales customers. The recompete contract has a five-year base ordering period and five option years, the Army said Thursday. “From the start...
Seana Rubin, a two-decade human resources professional in the government contracting industry, has joined QinetiQ‘s U.S. subsidiary as vice president of HR. She will oversee day-to-day HR functions within the QinetiQ US organization and be responsible for implementing business talent initiatives, the company said Thursday. Most recently, Rubin...
