Leonid Capital Partners has received a credit facility worth $200 million from Chicago-based global alternative investment firm Victory Park Capital and will use it to support its inaugural institutional fund and a portfolio of loans to defense contractors. LCP is a Huntington Beach, California-based specialty credit fund founded in 2019 and is focu...
The top uniformed officer at U.S. Transportation Command said the logistics aspect of military operations is making its way into exercises designed to test joint data integration tools for the U.S. military’s Joint All-Domain Command and Control initiative, Defense Daily reported Monday. Gen. Jacqueline Van Ovost recently told reporters that t...
Digital twins – virtual models of real-world objects or other physical subjects – have significant potential to transform the future of warfighting, and the Department of Defense has taken notice. This technology allows users to “accelerate, model and put data in that model to see what will happen,” John Ustica, president and...
The Department of Defense has released a request for proposals as part of the on-ramping process for Pools 1 and 2 of a multiple-award, indefinite-delivery/indefinite-quantity contract for mission-critical research and development support services. DOD intends to conduct a full-and-open competition with plans to award about three IDIQ contracts unde...
The Potomac Officers Club has announced the 2023 edition of its annual Budget and Priorities Summit, a much-anticipated yearly event that delves into the government’s intentions, ambitions and goals for funding allocation. The date has been set for October 17 at the Hilton-McLean in Virginia and registration is now open! Every year, POC ...
Teleidoscope has secured a potential $100 million contract from the Department of Defense to proceed with the production of a prototype visual recognition and identification system. The artificial intelligence-based camera previously received funding from the Accelerate the Procurement and Fielding of Innovative Technologies program earlier this yea...
Michele Flournoy, co-founder of Washington, D.C.-based consulting firm WestExec Advisors and a former Department of Defense official, has been appointed to Rivada Networks‘ board of directors. Flournoy said in a statement released Thursday she aims to help Rivada “transform the global communications landscape” with its OuterNET satellite n...
In the modern battlefield, rapid decision making capabilities are more critical than ever before, and in conflict scenarios, every second counts. Warfighters and military leaders rely not only on huge troves of data coming in from sensor networks and multiple sources, but more importantly on the analysis of that data to inform their most important...
Artificial intelligence is sweeping the Department of Defense, and in search of new ways to support the warfighter on the ever-changing modern battlefield, the department is now heavily focused on perfecting this emerging technology. Ensuring that AI implementation aligns with DOD values and objectives is an effort that requires careful attenti...
George Kovatch, former deputy comptroller at the Department of Defense and a U.S. Coast Guard veteran, has been appointed to Aeyon‘s board of advisers. He will serve as DOD chair on the board and provide guidance for strategic initiatives, the management consulting and data analytics services company said Wednesday. Patrick Collins, chief grow...
