Hello, Guest!
  • Thursday, November 21, 2024
https://www.caci.com/sites/default/files/styles/biography_detail/public/2019-11/2019_JMengucci_bio_square_crop.jpg?itok=3jiwD_DX

John Mengucci: CACI Increases Investment in Independent R&D Efforts

John Mengucci, president and CEO of CACI International (NYSE: CACI), said the company is spending about $35 million annually on independent research and development with a focus on signals intelligence, space and electronic warfare areas, Defense News reported Monday.

He told the publication on the sidelines of a forum in California that several technology-focused deals have pushed the company to increase its spending on IR&D efforts.

CACI acquired Six3 Systems in 2013 and spectrum management and cyber platforms provider LGS Innovations in 2019. The company later purchased technology company SA Photonics.

“They gave us the foundation in tech,” added Mengucci, a three-time winner of the Wash100 Award.

Video of the Day

Related Articles

Lockheed Reports 14% Increase in Q1 2024 Net Sales; Jim Taiclet Offers Update on F-35, Next-Gen Interceptor, LRDR Programs Financial Reports

Lockheed Reports 14% Increase in Q1 2024 Net Sales; Jim Taiclet Offers Update on F-35, Next-Gen Interceptor, LRDR Programs

Lockheed Martin (NYSE: LMT) generated $17.2 billion in net sales during the first quarter of 2024, up 14 percent from the prior-year period’s $15.1 billion, and reported $1.5 billion in Q1 net earnings, or $6.39 per share. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it returned $1.8 billion in cash to shareholders through

Lockheed Martin’s Maria Demaree on the Future of AI/ML & Space Executive Spotlights

Lockheed Martin’s Maria Demaree on the Future of AI/ML & Space

Artificial intelligence is changing the game across all domains and industries, including in space. Maria Demaree, vice president and general manager of national security space at Lockheed Martin, spoke with Executive Mosaic about how AI is impacting missions from CJADC2 to space and more. Demaree, a two-time Wash100 Award winner, has been with Lockheed Martin for over

Space Force Issues Commercial Space Strategy; Gen. Chance Saltzman Quoted News

Space Force Issues Commercial Space Strategy; Gen. Chance Saltzman Quoted

The U.S. Space Force has unveiled a new strategy detailing how the service branch will enhance its capability development processes and foster commercial partnerships to improve the country’s competitive advantage. The military branch said Wednesday it will implement the Commercial Space Strategy through four lines of effort: collaborative transparency, operational and technical integration, risk management