L3Harris Technologies‘ (NYSE: LHX) board of directors has approved a plan to repurchase another $3.0 billion of its common stock. The Melbourne, Florida-based defense technology supplier said Friday the additional stock re-acquisition will bring total buyback authorization for L3Harris to approximately $4.5 billion. Stockholders of record as o...
Intel’s (Nasdaq: INTC) foundry business has established an alliance to improve semiconductor design and production to meet the requirements of national security and government applications. Initial members of the U.S. Military, Aerospace and Government Alliance formed by Intel Foundry Services include Synopsys (Nasdaq: SNPS), Cadence (Nasdaq: CDNS...
Sue Gordon, former principal deputy director of national intelligence, wrote a joint commentary with U.S. Navy veterans John Richardson and Michael Rogers urging organizations to start their efforts to migrate cybersecurity procedures to post-quantum cryptography. They warned that the “store now, decrypt later” technique could allow hackers to s...
The U.S. Air Force has initiated a market research to identify potential industry sources that could provide capabilities in support of the 16th Air Force’s cyber operations and information operations formal training unit under a potential five-year, $100 million contract. The service plans to award the Cyber Operation Formal Training Support III ...
Oracle‘s (NYSE: ORCL) Cerner subsidiary has secured a pair of task orders worth $956 million combined to continue to the deployment of an electronic health record system to Department of Veterans Affairs-run facilities, FedHealth IT reported Thursday. The report noted Cerner Government Services will perform waves K to O deployments under a 27-...
Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA) and Raytheon Technologies (NYSE: RTX) received the most money through Department of Defense contracts during the government’s 2021 fiscal year, according to data from the Pentagon’s Office of Local Defense Community Cooperation. The “Fiscal Year 2021 Defense Spending by State” report...
Lockheed Martin (NYSE: LMT) has booked a $1.99 billion order from NASA to manufacture Orion spacecraft for an additional three human space exploration missions under the Artemis program. The space agency placed the order under the $4.6 billion Orion Production and Operations Contract to procure vehicles for Artemis VI through VIII missions, Lockheed...
Iridium Communications (Nasdaq: IRDM) reported $26.5 million in service revenue for its U.S. government business during the third quarter of 2022, up 2.3 percent from the prior-year period of $25.9 million driven by a contractual step-up in the Enhanced Mobile Satellite Services contract with the U.S. Space Force in September 2021. The McLean,...
ICF (Nasdaq: ICFI) will compete for tasks under a $1.2 billion multiple-award contract to provide the Substance Abuse and Mental Health Services Administration with a range of program support services. The global consultancy said Thursday it has prime contractor position in communications, evaluation, statistical projects and training and technical ...
The Japanese government aims to expand its air defense capabilities with the procurement of anti-air and anti-surface interceptor missiles and related equipment from the U.S. government through a $450 million foreign military sales agreement approved by the State Department. Raytheon Technologies‘ (NYSE: RTX) missiles and defense unit will ser...
