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TaxBit’s Aaron Jacob: New FASB Guidance Encourages Digital Asset Adoption

Aaron Jacob, head of accounting solutions at TaxBit, said new crypto asset accounting guidance from the Federal Accounting Standards Board is expected to encourage the adoption of digital assets as it provides more clarity on accounting, reporting and disclosure of such assets. Measuring and reporting digital assets at fair value can bring various benefits, such as greater transparency and insights to inform decision-making, provided that the calculations are made correctly, Jacob said in an opinion article published on Accounting Today.

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April 8, 2024, 11:06 am
in News

Varda Raises $90M in Funding to Advance In-Space Pharmaceutical Manufacturing

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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April 8, 2024, 10:11 am
in Contract Awards, News

Akamai Secures Army OTA for Zero Trust Software Prototype Production

Akamai Technologies has received an other transaction agreement from the U.S. Army to develop zero trust software prototypes in support of the service branch's Tactical-Identity Credential and Access Management project. The company will create T-ICAM prototypes to provide a zero trust network security architecture to secure access to Army networks used by combat units in contested operational environments, the military service said Friday.

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April 8, 2024, 9:45 am
in Contract Awards, News

Jacobs Receives $571M FEMA Disaster Response, Recovery Support Contract; Susannah Kerr Quoted

Jacobs Solutions has secured a potential five-year, $570.5 million contract to help the Federal Emergency Management Agency repair and restore disaster-damaged, publicly-owned facilities in the West Zone regions. The company said it will partner with CDM Smith to provide site inspection, field support, technical evaluation and cost analysis services to FEMA under the Public Assistance Technical Assistance Contract V contract vehicle.

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April 5, 2024, 9:11 am
in Cloud, News

Oracle-Palantir Partnership to Deliver Joint Cloud, AI Offerings to Government, Commercial Sectors

Palantir Technologies has selected Oracle's distributed cloud and artificial intelligence infrastructure to host its suite of AI and decision acceleration platforms to provide joint offerings to government and commercial sectors. Under the agreement, Palantir will migrate its Foundry workloads to Oracle Cloud Infrastructure and deploy its Gotham and AI Platforms via Oracle's distributed cloud environments to defense and intelligence customers, the companies said in a joint statement published Thursday.

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April 5, 2024, 9:07 am
in News

Northrop, EpiSci Partner to Develop Tactical Autonomy Tools for UxV Platforms

Northrop Grumman has entered into a partnership with EpiSci to develop and deliver tactical autonomy tools for unmanned and uncrewed aerial systems to U.S. and international customers. Under the agreement, Northrop will integrate EpiSci's TacticalAI software into its aeronautics system architecture to advance the development and deployment of secure autonomous systems designed to meet warfighters' mission requirements.

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April 4, 2024, 10:32 am
in News

UI&C Demos Archer Family of BLOS Troposcatter Communications Systems; Chris Bishop Quoted

Ultra Intelligence & Communications has demonstrated its suite of troposcatter systems designed to establish and maintain beyond-line-of-sight communication links to enable secure connectivity in diverse operational environments. The Archer family of BLOS troposcatter communications systems works to allow operators to set up communication links beyond 185 kilometers using a single antenna and withstand interference and jamming attacks, UI&C said Wednesday.

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April 4, 2024, 8:01 am
in News

Hughes Unveils Commercial Availability of ESA Terminal on Eutelsat OneWeb Constellation

Hughes Network Systems, an EchoStar company, has secured approval from Eutelsat OneWeb to operate its electronically steerable antenna-based device in the latter's low Earth orbit satellite network. With the authorization, the Hughes HL1120W Terminal is now commercially available via the OneWeb LEO broadband network to enable high bandwidth, low latency connectivity worldwide, Hughes said Tuesday.

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April 3, 2024, 11:27 am
in Executive Moves, News

Christina Cook Takes on Chief Revenue Officer Role at True Anomaly

Christina Cook, a 14-year Palantir Technologies veteran, has been named chief revenue officer at space security and sustainability start-up True Anomaly. Cook, the first individual to serve in the newly created position, will oversee the development and implementation of True Anomaly's go-to-market strategy, including sales, business development and partnerships, the company said Tuesday.

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April 3, 2024, 11:02 am
in News, Wash100

DSCA Director James Hursch Wins 1st Wash100 Award for Military Tech Transfer Policy Stewardship

James Hursch, director of the Defense Security Cooperation Agency, has joined the list of top government and industry executives who have shown exceptional leadership and dedication to strengthening the federal marketplace. Executive Mosaic recognizes Hursch as an inductee into the 2024 edition of the Wash100 Award for his commitment to advancing U.S. defense and foreign policy interests.

Vote for Hursch as your favorite GovCon leader as part of the 2024 Wash100 popular vote competition! Voting closes on April 30, so visit Wash100.com to cast your ten votes today.

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April 2, 2024, 10:47 am
in Cybersecurity, News

American Systems Named New Member of Space-Focused Information Sharing Center; John Steckel Quoted

American Systems has joined the Space Information Sharing and Analysis Center, a security-focused organization dedicated to the space sector. John Steckel, president and CEO of American Systems, said in a statement published Monday that the company resonates with the Space ISAC's vision to prepare for and respond to threats against critical space assets.

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April 2, 2024, 10:28 am
in Contract Awards, News

Lockheed Books $483M Follow-On Army Air-to-Ground Missile Production Contract

Lockheed Martin has secured a $483 million follow-on contract from the U.S. Army to build air-to-ground missile systems for domestic and international military customers. The company said Monday it will provide procurement and production support for the Joint-Air-to-Ground Missiles and HELLFIRE missiles to the U.S. Army, Navy and the governments of the Czech Republic, France and Poland.

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April 2, 2024, 9:45 am