Treasury Secretary Janet Yellen said the recent collapse of a major cryptocurrency exchange highlights the need for better oversight of crypto markets. CBS News reported Bahamas-based cryptocurrency exchange FTX recently filed for bankruptcy and is now under investigation over possible securities violations. Yellen said in a statement published Wedn...
At Thursday’s 16th annual International Stability Operations Association summit event, KBR’s Tom Lampley concluded his role as ISOA chairman and the organization welcomed Amentum Senior Vice President John Gastright as the next chairman. The event took place at the Hilton Hotel in McLean, Virginia, and hosted hundreds of leaders a...
Boeing (NYSE: BA) has reorganized its defense, space and security business by merging its eight divisions into four as part of efforts to streamline collaboration and integration. Boeing Defense, Space and Security will now operate with four divisions focused on vertical lift; mobility, surveillance and bombers; air dominance; and space, intelligenc...
General Dynamics’ (NYSE: GD) Bath Iron Works subsidiary has received a potential $181.9 million contract modification to continue providing planning yard services for the U.S. Navy’s Arleigh Burke-class guided-missile destroyers. The modification marks the final option period on a previously awarded contract and covers the delivery of long lead-...
C3 Integrated Solutions and Steel Root have merged to form a new entity that will provide end-to-end managed services to help defense contractors comply with the Cybersecurity Maturity Model Certification program and other regulatory standards. Marc Pantoni, former president of Thrive, has been named CEO of the combined company that will operate und...
The Department of the Navy has zeroed in on the cyber warfare environment with a new cyberspace superiority vision, according to Christopher Cleary, principal cyber adviser for DON. In the current warfare landscape, strategies and attacks have evolved to enter the non-kinetic space of the cyber world. As cyberattacks continue to advance, enhancing c...
Arvind Krishna, chairman and CEO of IBM (NYSE: IBM), has joined the board of directors of Northrop Grumman (NYSE: NOC). The 32-year Big Blue veteran has steered the technology company through market expansion initiatives across the areas of cloud and quantum computing, artificial intelligence and blockchain, Northrop said Wednesday. Krishna has serv...
A Lockheed Martin (NYSE: LMT) spacecraft launched aboard NASA’s Space Launch System rocket early Wednesday in the start of the agency’s program to land humans again on the lunar surface. The uncrewed Orion separated from the SLS upper stage at a speed of 22,600 mph two hours after liftoff at the Kennedy Space Center in...
BAE Systems’ land and armaments business will manufacture an additional 30 amphibious combat vehicles for the U.S. Marine Corps after the service branch exercised full-rate production contract options worth $153.7 million. The options are part of a modification that will also cover the costs of fielding and support services and will put the c...
ExecutiveBiz featured Bill Marion, a managing director at Accenture Federal Services, in its recent Executive Spotlight interview published Wednesday. He talked about how digital platforms are accelerating business operations and in connection, are driving growth across the defense and federal space. The Q&A also tackled the importance of human-...
