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Latest Federal & Government Contracting Companies' News Coverage
Executive Mosaic’s GovCon Index, which tracks the stock performances of 30 major government contractors, finished at $4,880.65 during the week ending March 22, marking a $0.20 increase from the week prior. The week's notable gainer was Flour, which recorded a 6.36% hike overall.
Dave Bissett, with nearly 10 years of service at NextGen Federal Systems, announced on LinkedIn Friday that he has advanced to senior vice president from his previous VP/group manager post at the small business firm. Starting as a senior program manager in August 2014 at NextGen, Bissett steadily rose to become division manager and then VP of corporate operations before assuming his most recent position.
Lockheed Martin will deliver a submarine electronic warfare system to the U.S. Navy under a $27.1 million order awarded against an indefinite-delivery/indefinite-quantity contract. The delivery order covers modernization kits, equipment and installation, the Department of Defense said Friday.
Dave Calhoun, president and CEO of Boeing, will step down as chief executive of the Arlington, Virginia-based aerospace company at the end of 2024. Boeing announced on Monday a number of board and management changes including Calhoun's, Steve Mollenkopf's election to succeed Larry Kellner as board chair and Stephanie Pope's appointment as president and CEO of the company's commercial airplanes business.
Executive Mosaic is pleased to announce that Defense Health Agency Director Lt. Gen. Telita Crosland has been named to the 2024 Wash100 class for spearheading technological change and cultivating a collaborative innovation ecosystem. The prestigious Wash100 Award is annually given to the government contracting industry’s most influential executives.
You have the opportunity to choose your favorite 2024 Wash100 winners in the annual popular vote contest! To cast a vote for Crosland, visit Wash100.com.
Parry Labs will provide an Intel server-class edge computing hardware to General Atomic for use in the modernization of the U.S. Air Force's MQ-9A aircraft, a remotely piloted aircraft built by GA's aeronautical systems business. The delivery of Edge Compute Hyper and Edge Compute Autonomy systems to General Atomics Aeronautical Systems Inc. will be made under a potential $13 million subcontract award, Parry Labs said Thursday.
Kim Lynch, executive vice president of government defense and intelligence at Oracle and a 2024 Wash100 awardee, and two other industry leaders were added to the board of directors of the Professional Services Council, ExecutiveBiz has learned. Lynch, whose term runs through Dec. 31, 2026, will serve on the PSC board with Ricardo Michel, executive director of Palladium International; Jennifer Welham, senior vice president of health, people and human services at ICF; and other previously elected members.
For Iridium Communications CEO and 2024 Wash100 winner Matt Desch, the resolution of the various issues surrounding satellite-cellular convergence is "inevitable" but it is taking some time. One of the issues that remains unclear involves viable and profitable business models for direct-to-device converged services, though the satellite and cellular industries appear interested.
Accenture has entered into a partnership with Amazon Web Services and artificial intelligence company Anthropic with the aim of providing organizations with the ability to adopt and scale generative AI technology in a responsible manner. Accenture said Wednesday that, under the partnership, it will provide customers with services and accelerators — like a new generative AI switchboard — that will make it possible to customize AI models for specific needs.
SOS International executives discussed the growing use of artificial intelligence in the federal government, particularly in the field of law enforcement. Charles O’Brien, vice president of civil solutions at SOSi, talked about how AI and machine learning could help government authorities accelerate the process of authenticating information about individuals, specifically in processing newly arrived non-citizens at the U.S. border, according to an article published on SOSI’s website.
An RTX business has completed another live-fire demonstration of Lower Tier Air and Missile Defense Sensor, the advanced, 360-degree air and missile defense radar it is developing for the U.S. Army. The defense contractor said Thursday Raytheon conducted a series of exercises showcasing LTAMDS' integration with the Integrated Battle Command System, the radar's tracking of a cruise missile surrogate and its relay of target track information to IBCS to guide a missile to intercept the target.
Aeyon has entered into an agreement with Vertosoft to distribute and supply the latter's technologies intended to enhance public sector operations. Under the partnership, Aeyon said Tuesday it will craft services tailored for distinct client requirements as well as broaden its reach to a wider array of customers through various contract vehicles.
