ExecutiveBiz News on Video 5/25/2023

Nvidia‘s quarterly revenue guidance drove an extended trading session rally in artificial intelligence-related stocks and fueled a 28 percent jump in shares at the company after the bell Wednesday, Reuters reported. The market value of Nvidia increased by $200 billion to more than $960 billion after the company’s stock price hit a record high of […]

Peraton has been named among the 11 companies that will compete to provide information technology services to the U.S. Postal Service as part of a seven-year, $2.8 billion contract vehicle. Efforts under the indefinite-delivery/indefinite-quantity contract are intended to help USPS modernize and expand current agency technology infrastructure supporting business processes, Peraton said Wednesday. The company […]

The Department of Defense has unveiled the second group of projects selected to receive funding from the Accelerate the Procurement and Fielding of Innovative Technologies pilot program. DOD said Monday Congress approved a total of $150 million in funding for 11 projects for APFIT’s fiscal year 2023. Established through fiscal year 2022 National Defense Authorization Act, […]

Tommy Gardner, chief technology officer of HP Federal, said information technology organizations should advance the development of a proactive defense to prevent an IT mistake from leading to an “error string” or a cascade of errors, InformationWeek reported Wednesday. “IT teams should think through multiple problems at once, understand the limits and constraints of their […]

The Ohio Aerospace Institute is inviting members of the U.S. Air Force Research Laboratory’s Digital Research Innovation, Validation and Research Consortium to submit proposals for a planned risk reduction and integration pilot project. The proposed Manufacturing at Speed initiative aims to accelerate acquisition cycles for system modifications and new technology development by accelerating design to […]

Elaine Luria, former House representative for Virginia’s Second Congressional District and retired U.S. Navy commander, has joined the board of directors of BAE Systems‘ U.S. business arm. Her expertise in national security and experience as a U.S. Navy veteran is expected to help position the company for the future, Kelly Ayotte, board chair for BAE Systems […]

Barry Duplantis, vice president and general manager of the North American public sector at Mattermost, said federal agencies should consider developing digital playbooks to facilitate and speed up response to cybersecurity incidents and natural disasters. “Digital playbooks combine strategic and tactical documentation, automated checklists, real-time collaboration, clear instructions, and more. They ensure that everyone on […]

Northrop Grumman is cleared to start producing the U.S. Space Force’s next-generation early warning missile system following the completion of the program’s preliminary design review. The phase validated the technical approach for integrating the Next Generation Overhead Persistent Infrared Polar payloads into Northrop’s Eagle-3 spacecraft, the company said Wednesday, the company said Wednesday. NGP includes […]

The innovation arm of the Department of Defense is inviting vendors to submit proposals for an initiative to convert existing military vehicles into unmanned tactical or transport systems. The commercial solutions opening is part of the Defense Innovation Unit’s Ground Expeditionary Autonomy Retrofit System project, the agency said. DOD is looking to modify its vehicles […]

The General Services Administration has added Ensco‘s MicroSearch human presence detection system to its Multiple Award Schedule program. The GSA schedule listing will expand Ensco’s access to government buyers looking to purchase contactless vehicle sensors such as MicroSearch, the company said Wednesday. The system is comprised of a computer, digital control box, cables and vehicle […]