Lockheed Martin (NYSE: LMT) has increased the size of its $200 million venture capital fund to $400 million as the company looks to expand startup investments aimed at helping accelerate defense innovation. Chris Moran, vice president and general manager of Lockheed Martin Ventures, said in a statement released Tuesday the fund vetted over 1,000 sta...
In many ways, the U.S. General Services Administration effectively serves as the back office of the entire federal government. GSA is the largest property manager in the world, the third largest design and construction company in North America and the third largest fleet manager in the world — the agency even outranks the Smithsonian as...
Quantum Computing Inc. (Nasdaq: QUBT) has closed its acquisition of QPhoton as part of efforts to launch and extend its full-stack quantum systems to government defense and security, fraud detection, underwriting and supply chain markets. QCI said Thursday it will combine its Qatalyst computational software with QPhoton’s quantum photonic system u...
Robert Sutor, a nearly four-decade veteran of IBM (NYSE: IBM), has joined quantum technology developer ColdQuanta to serve as vice president of corporate development. His information technology experience includes work on data science, blockchain, artificial intelligence and open source platforms, ColdQuanta said Monday. Sutor held various roles at ...
Doug Lane, president and CEO of Capgemini Government Solutions, has been named a 2022 Wash100 Award winner for the second time of his career, previously received the most respected award in all of government contracting (GovCon), for his leadership with Capgemini to drive the company’s organic growth and revenue through key acquisitions. In additi...
The Defense Advanced Research Projects Agency is seeking novel approaches to building a utility-scale, fault-tolerant quantum computer through the Underexplored Systems for Utility-Scale Quantum Computing program. “If there’s an underexplored area of quantum computing showing promise for a faster breakthrough than we previously expected, we want...
Steve Orrin, federal chief technology officer at Intel (Nasdaq: INTC), said government agencies should adopt data encryption capabilities to protect classified information from breaches and one of the encryption innovations they can use now is confidential computing. “Confidential computing works by having the CPU reserve a section of memory...
Quantum Computing Inc. will use its cloud software application to help the Department of Energy’s Los Alamos National Laboratory address graph partitioning and data decomposition issues to enable petascale and exascale simulations that can be applied to national security efforts. The company and Los Alamos signed a three-year cooperative...
Honeywell International (NYSE: HON) has agreed to merge its quantum solutions business with Cambridge Quantum Computing into a new company that will focus on offering software and hardware products to support computation requirements in areas such as cybersecurity, finance and material science. Charlotte, North Carolina-based Honeywell said Tuesday ...
Barbara McQuiston, who is performing the duties of the undersecretary of defense for research and engineering, said the Department of Defense has established a steering group focused on innovation, Nextgov reported Tuesday. “We’re very lucky we just started the innovation steering group under Deputy Secretary [Kathleen] Hicks, and what we...
