Technology companies such as Amazon (Nasdaq: AMZN), Microsoft (Nasdaq: MSFT) and Google are investing in generative artificial intelligence tools to drive revenue performance in their cloud businesses, The Wall Street Journal reported Monday. Sources told WSJ that Microsoft CEO Satya Nadella has discussed how AI on the Azure cloud platform could hel...
Raytheon Technologies (NYSE: RTX) has won a potential $1.2 billion contract from the U.S. Army for Patriot Missile System fire units. Army Contracting Command received two offers for the firm-fixed-price contract and obligated the whole contract amount using foreign military sales funds for fiscal year 2023, the Department of Defense said Tuesday. W...
Given its role as the organization responsible for helping the U.S. Department of Defense bring in and implement commercial technologies, the Defense Innovation Unit was among the first DOD entities to take up the fast follower strategy. The fast follower approach holds that government and research organizations should, rather than focus on their ow...
Spire Global (NYSE: SPIR) and PlanetiQ will provide space-based radio occultation data products to the National Oceanic and Atmospheric Administration under a shared follow-on contract worth $59.3 million over five years. NOAA awarded the Radio Occultation Data Buy II vehicle as part of an agency initiative to evaluate the impact of commercial data ...
Ball Aerospace has appointed three executives to oversee its technological initiatives and tactical solutions and operations strategic capabilities businesses. The company on Thursday named Jack Sauer as vice president and chief technologist, John Martin as VP of operations strategic capabilities and Paula Burns as VP and general manager of tac...
General Dynamics’ (NYSE: GD) information technology business has received a potential 12-year, $1.79 billion contract from the U.S. Army to provide flight simulation training support services. Army Contracting Command solicited offers and received one bid for the firm-fixed-price contract, the Department of Defense said Thursday. The service b...
ASRC Federal has agreed to buy the logistics and supply chain management business of Science Applications International Corp. (NYSE: SAIC) in a cash transaction valued at approximately $350 million. Both parties expect to close the transaction in the spring of 2023, pending receipt of regulatory clearances and satisfaction of other customary closing...
Raytheon Technologies (NYSE: RTX) will manufacture lot nine glide bombs equipped with multimode seeker technology for the U.S. Air Force under a $320.3 million contract. The company’s missiles and defense business will produce 1,500 units of the StormBreaker, a networked weapon designed to locate and engage fixed or moving targets, Raytheon sa...
Bluestone Investment Partners has raised $196 million for the private equity firm’s third buyout fund and intends to expand investments in the lower-middle government services industry. The Bluestone Investment Partners III fund received commitments from endowments, family offices and gatekeepers and reached its hard cap within six months, the...
BlueHalo has appointed Mary Clum as corporate executive vice president and sector general manager, and named Mark McNeely as chief administrative officer. The executive promotions come as BlueHalo aims to position itself to bring critical technology products and services in key mission areas, the company said Thursday. Clum most recently served as B...
