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The commercial business industry was dealt a bad hand past few years—from COVID-19 shutdowns to global supply chain disruptions. Countless small businesses closed their doors for good, negatively impacting several industries. However, the government contracting industry stood its ground. Stability in the face of uncertainty and the opportunity to ...
The Biden Administration’s fiscal year 2023 budget request, released in March 2022, allocates $773 billion in funding to the Department of Defense. In a recent video interview with Executive Mosaic, GovCon Expert Jim McAleese, principal and owner of McAleese and Associates and a Wash100 Award winner, gave an in-depth analysis of what this budget ...
John Zangardi, CEO of the Redhorse Corp. and former chief information officer for the Department of Homeland Security (DHS), was presented his first Wash100 Award during a recent visit to the company’s office in Arlington, VA by Executive Mosaic CEO Jim Garrettson. First-time Wash100 Award winner John Zangardi received the most prestigious awa...
GAO Affirms Leidos’ DISA IT Services Contract; Leonardo DRS to Merge With RADA; GSA Unveils 3rd Cohort of Awardees on $50B 8(a) STARS III GWAC; DOD Posts Responsible AI Strategy; Q&A With GovCon Expert David Egts of Red Hat Click to Unmute...
The U.S. Navy has selected Communications & Power Industries and Stellant Systems to repair crossed-field amplifiers for the AEGIS Combat System under a five-year, $90.8 million contract. The multiple-award, indefinite-delivery/indefinite-quantity contract will involve fixing double-duty, water-cooled vane and single-duty CFA electron tubes, the...
The Department of Defense has released a document providing a roadmap on how DOD will advance the responsible use of artificial intelligence. The Responsible Artificial Intelligence Strategy and Implementation Pathway lists proposed actions to promote responsible AI use across the department based on six foundational tenets: RAI governance; warfight...
In today’s increasingly online world, government agencies are harnessing the power of digitization and cyber capabilities to push modernization. Now, more and more critical government systems, infrastructure and operations are online — but are these components protected? Chuck Brooks, president of Brooks Consulting International and a member of ...
Leonardo DRS and Israel-based RADA Electronic Industries (Nasdaq: RADA) have agreed to merge in an all-stock transaction to form a public company focused on providing advanced sensing and force protection systems in the defense market. The boards of directors of both companies approved the deal and both parties expect to close the transaction in the...
A new McAleese & Associates report indicates that defense stock prices have spiked 18 percent to 20 percent year-to-date and outperformed the S&P 500 as sector investors react to the Russian invasion of Ukraine. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, noted investors see a 10 percent spike in Depar...
Lockheed Martin (NYSE: LMT) has received a $578.2 million contract modification from the U.S. Navy to provide program management, non-recurring work and training services needed to integrate F-35 aircraft systems for an unnamed international customer. The Department of Defense said Friday the full obligated amount at the time of award will come from...
