Tag Archives: Defense Department

HP Federal’s Todd Gustafson: DoD’s CMMC Program to Transform Tech Procurement Procedures

Todd Gustafson

Todd Gustafson, president of HP’s federal arm, wrote in a commentary published Monday on Federal News Network that the Department of Defense’s implementation of the Cybersecurity Maturity Model Certification program marks “an important step in enabling a more secure government.”

Read More »

General Dynamics Gets Potential $9.5B Contract Modification for Columbia-Class Submarine Design, Construction

General Dynamics’ (NYSE: GD) Electric Boat subsidiary has received from the U.S. Navy a potential $9.5B contract modification with an option to build two Columbia-class ballistic missile submarines. The modification has a base amount of $869M for continued delivery of engineering and design support for the submarines.

Read More »

AEI Acquires Majority Stake in AI, Analytics Tech Provider NuWave Solutions; Jeffrey Hart Quoted

Jeffrey Hart

AE Industrial Partners has purchased a majority stake in analytics and artificial intelligence platforms provider NuWave Solutions for an undisclosed sum and announced the addition of industry veterans Reggie Brothers and Michael Buscher to NuWave’s leadership team.

Read More »

DoD Announces $187M in Agreements With Five Vendors to Sustain Domestic Industrial Base

The Department of Defense has signed agreements worth $187M combined with five companies under the Defense Production Act Title III to help sustain domestic production capabilities and critical workforce during the COVID-19 pandemic. DoD said Friday the contracts were awarded to Austal’s U.S. arm, General Electric’s (NYSE: GE) aviation business, W International, Weber Metals and American Woolen.

Read More »

Pentagon Eyes ‘Another Solicitation Amendment’ to JEDI Cloud Contract

The Department of Defense said in a Court of Federal Claims status report that it may consider “another solicitation amendment” and “additional limited proposal revisions” from Microsoft (Nasdaq: MSFT) and Amazon Web Services for the Joint Enterprise Defense Infrastructure cloud contract, the Washington Business Journal reported Wednesday.

Read More »

Report: Treasury Mulls Setting Aside Nat’l Security Business Relief Funds Under $17B Loan Program

The Department of the Treasury considers safeguarding a $17B loan program for eligible national security companies under the Coronavirus Aid, Relief and Economic Security Act in the event that Boeing (NYSE: BA) and General Electric (NYSE: GE) find themselves in need of funds, Bloomberg reported Tuesday. Both companies have raised funds through bond offerings, divestiture and other initiatives.

Read More »

General Dynamics Gets $104M Contract for US, UK Ballistic Missile Submarine Dev’t

General Dynamics (NYSE: GD) has secured a potential $104.2M contract to develop, produce and install systems for the U.S. Navy's Columbia-class and the U.K.'s Dreadnought-class ballistic missile submarines. Work under the sole-source contract will take place in Massachusetts, Rhode Island, Connecticut and the U.K., through November 2024, the Department of Defense said Wednesday.

Read More »