Renewable energy provider Ameresco (NYSE: AMRC) and investor-owned utility holding company Pinnacle West Capital (NYSE: PNW) have agreed to develop a microgrid system to provide backup power for the U.S. Army and California National Guard. The first stage of the companies’ two-phase agreement involves Ameresco’s acquisition of an energy ...
Artificial intelligence company BigBear.ai (NYSE: BBAI) posted a 2 percent year-over-year revenue increase for the second quarter of 2023 and booked two key contracts from the U.S. Army during the quarter. Sales in the April-June period totaled $38.5 million, compared to $37.6 million a year earlier, while backlog as of June 30 stood at $206...
The Department of Defense has formed a task force that intends to advance the responsible development and deployment of large language models and other generative artificial intelligence technologies across DOD. DOD said Thursday the chief digital and AI office will lead Task Force Lima, which will help mitigate risk and address redundancy as the de...
CACI International (NYSE: CACI) posted a 4 percent year-over-year jump in revenues to $1.7 billion for the fourth quarter ended June 30 and an 8 percent increase to $6.7 billion for the full fiscal year 2023. The Reston, Virginia-based government technology services contractor attributed the higher sales to recently completed acquisitions and 6 perc...
Lockheed Martin (NYSE: LMT) has booked a three-year, $175.2 million contract modification to manufacture additional surface-to-surface precision-strike guided missile systems for initial U.S. Army deployment. The award funds work on the first and second early operational capability production batches of the Precision Strike Missiles, according to a ...
Government contracts awarded by Air Force Research Lab have since been an effective collaboration between the government and private sectors. The purpose of these research and development programs is to advance technical and scientific expertise and apply what is gained to achieve national and agency goals The Air Force Research Laboratory (A...
By Light has created a joint venture with the Civil-Military Innovation Institute to offer cybersecurity technology development support services and build the future cyber workforce in West Virginia. Cyber Innovation Institute will combine resources from By Light and CMI2 to bring innovative cybersecurity products and services to defense and commerc...
U.S. Navy Secretary Carlos Del Toro accepted his 2023 Wash100 Award during a recent meeting with Jim Garrettson, CEO of Executive Mosaic and founder of the elite recognition. Wash100 reached its 10th anniversary this year, a reflection of its enduring legacy as the government contracting industry’s highest honor. In each iteration o...
Arcfield has acquired Strategic Technology Consulting in a move that expands the systems engineering and integration company’s scope to model-based approaches. The acquisition adds digital twin and software products and modeling methodologies for digital engineering to Arcfield’s portfolio, the company said Tuesday. STC ventured into the...
Luke Savoie, formerly president of intelligence surveillance and reconnaissance at L3Harris Technologies (NYSE: LHX), has been chosen by the board of directors at Elbit Systems‘ (Nasdaq: ESLT) U.S. subsidiary to succeed retiring President and CEO Raanan Horowitz. Horowitz will step down from the dual role on March 31, 2024, after a 34-year car...
