Global artificial intelligence and cybersecurity firm Palo Alto Networks has finalized the acquisition of Protect AI, a company specializing in securing AI applications and models. Enhancing AI Security Capabilities Palo Alto Networks said Tuesday it will integrate Protect AI’s technology and expertise into its Prisma AIRS AI se...
Lockheed Martin reported $18.2 billion fiscal 2025 second-quarter sales, a total backlog of $166.5 billion and Q2 net earnings of $342 million, or $1.46 per share. In an earnings release published Tuesday, the Bethesda, Maryland-based aerospace and defense contractor said its cash from operations was $201 million during the second quarter of 2025, d...
The U.S. Navy has awarded Northrop Grumman a $140.8 million modification to a contract the company secured in 2018 for the E-2D Advanced Hawkeye program. Join the 2025 Navy Summit, where top-tier Navy experts will explore innovative solutions, forge strategic partnerships and shape the future of naval operations. The latest modification a...
Chris Brady, president of General Dynamics Mission Systems, has officially accepted the 2025 Wash100 Award. Brady recently met with Executive Mosaic CEO Jim Garrettson, who personally congratulated the GDMS leader for his sixth consecutive Wash100 win. “Chris returns to the Wash100 for the sixth time, a reflection of his enduring influence and exc...
The General Services Administration has started soliciting proposals from potential vendors to handle the potential $1.8 billion Personnel & Readiness Infrastructure Support Management Services, or PRISM, contract. PRISM Contract Scope & Details According to the solicitation published on SAM.gov Tuesday, the GSA seeks to on-ramp new con...
The Department of Veterans Affairs has awarded a potential five-year, $276 million contract to a joint venture of ThunderYard and Booz Allen Hamilton to meet VA’s data and analytics requirements. According to a notice published Wednesday on the Federal Procurement Data System-Next Generation, VA received 16 offers for the Data and Analytics In...
Hadrian, a company specializing in artificial intelligence-powered factories, has secured $260 million in capital to construct new facilities to expand manufacturing and research and development capabilities for shipbuilding and naval defense production. The California-based advanced manufacturing company said Thursday the investment, which com...
Applied Information Sciences, or AIS, a provider of cloud and artificial intelligence technologies for the federal government, has acquired Dorrean. AIS said Thursday that the transaction is part of its efforts to expand its presence in the U.S. federal market and is in line with its goal of investing in high-impact mission areas. What i...
Lockheed Martin has named John Stevens vice president and chief M&A and securities counsel. Stevens confirmed the development in a LinkedIn post shared Thursday. In his new role, Stevens will lead corporate counsel for mergers and acquisitions, venture investments, corporate and securities law, treasury and corporate finance, investor ...
Digital services provider Tria Federal has won a five-year, $174 million recompete contract from the Department of Veterans Affairs to provide expanded software engineering and development support services for VA’s Financial Services Center, or FSC. Tria said Thursday VA received offers from 15 vendors through a full and open competition and a...
