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Latest Federal & Government Contracting Companies' News Coverage

Latest Federal & Government Contracting Companies' News Coverage

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Varda Space Industries has raised $90 million in a series B funding led by Caffeinated Capital and will use the capital to build its infrastructure that supports pharmaceutical manufacturing in space. The company said Friday the investment follows the launch and reentry of its W-1 hypersonic reentry capsule to demonstrate the production of pharmaceuticals and other materials in microgravity.

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Garland Garris, the quantum lead and associate director for security and science at Accenture Federal Services, discussed in a recent interview his company's participation in a Department of Energy project focused on achieving advancements with the help of quantum technologies. Garris told Federal News Network that his company is working with various agencies to comply with the provisions Quantum Computing Cybersecurity Preparedness Act.

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Intelsat CEO David Wajsgras recently said that his company is considering an investment in a medium-Earth orbit constellation and intends to make a decision regarding the effort before the end of the second quarter. Wajsgras, a former Wash100 awardee, made the remarks at the SATELLITE 2024 conference, where he noted that, if Intelsat proceeds with the MEO investment, other parties may provide outside financial support.

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The Defense Advanced Research Projects Agency has chosen seven companies for the small business track of the Artificial Intelligence Cyber Challenge. The competing small businesses were evaluated by the Air Force Research Laboratory, the Office of the Undersecretary of Defense for Research and Engineering and the Advanced Research Projects Agency for Health, DARPA said Monday.

DARPA will be represented by Kathleen Fisher, director of the Information Innovation Office, at the Potomac Officers Club's 5th Annual Artificial Intelligence Summit on March 21. Register now!

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Axonius, a cybersecurity asset management platforms provider, has raised $200 million in a Series E extension financing round and will use the capital to accelerate product innovation and expand its reach worldwide. Existing investor Stripes took part in the latest funding round led by venture capital firms Accel and Lightspeed Venture Partners, Axonius said Tuesday.

Join the Potomac Officers Club's 2024 Cyber Summit to hear experts and government and industry leaders discuss the trends and the dynamic role of cyber in the public sector. Register here.

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Combining data lakes and meshes will enable government agencies to align their data assets more efficiently in compliance with the executive order on artificial intelligence, said Dave Vennergrund, vice president of AI and data insights at General Dynamics Information Technology. He discussed the significance of information lakehouses to government initiatives enabled by AI and machine learning, and how they can help the development of trustworthy and secure AI.

AI will be the central topic at the Potomac Officers Club's 5th Annual Artificial Intelligence Summit. Register now!

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Millimeter wave power amplifier maker Elve has announced the completion of its Series A funding round and raising $15 million from an investor group led by TomEnterprise Private AB and joined by Lockheed Martin Ventures. The Davis, California-based firm company said Thursday it will use the fresh funds to grow its customer base in the space connectivity market and increase manufacturing capabilities.

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Government agencies have to measure up to commercial websites when it comes to the quality of citizen self-service portals as user experiences are set by platforms such as Google and Microsoft, said Ted Cotterill, chief privacy officer of the state of Indiana. In an interview with Bill Sullivan, vice president and general manager of U.S. federal business at Denodo, Cotterill discussed the “moving target” that is online government services and how agencies can refine such portals.

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Frank St. John, chief operating officer at Lockheed Martin, said the company's digital transformation initiative called 1LMX has been instrumental in ramping up production of high-demand defense systems, including High Mobility Artillery Rocket Systems, Javelin antitank weapons, Guided Multiple Launch Rocket Systems and PAC-3 missiles. "In 2024, we are on track to double HIMARS production, have increased Javelin’s production to 2,400 units per year and will deliver more than 10,000 GMLRS," St. John said in a statement published Thursday.

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The U.S. government has issued a sources sought notice to determine the availability of Small Business Administration certified 8(a) firms that can meet an anticipated U.S. Army Combat Capabilities Development Command requirement for facility support services. The requirement covers labor and materiel services to support the Prototype Integration Facility at Redstone Arsenal in Alabama, according to the sources sought notice posted Friday on SAM.gov.

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