GovConWire's Government Contracting News 1/26/2023

News

Video Interview: Valiant CEO Dan Corbett On The Next Generation of Military Training & Readiness

Much of our warfighters’ lethality, readiness and overall capability hinges upon the right training from day one. For providers of training to the U.S. military, new technologies, warfighting components and doctrines have shifted the entire training paradigm, prompting these providers to pursue more innovative service offerings than ever before. Executive Mosaic spoke with Valiant Integrated Services

Events

How the DOD Is Keeping Pace with Emerging Technologies Through R&D

Many prognosticators and pundits have speculated that we have moved past the Information Age to a new phase of life and society dictated even more by technological advancements. Some call it the IoT, or Internet of Things Era and others consider it the Artificial Intelligence Era. Whichever moniker ends up sticking, there is no doubt that

Financial Reports

CACI Records 11% Q2 FY23 Revenue Growth; John Mengucci Quoted

CACI International (NYSE: CACI) saw its fiscal year 2023 second quarter revenue rise 11 percent to $1.65 billion and attributed the increase to a 6 percent organic growth and recently completed acquisitions. The Reston, Virginia-based government technology services contractor said Wednesday total backlog at the end of December was $26.5 billion, of which $3.2 billion

Executive Moves

Greg Young Promoted to LinQuest President, CEO

Greg Young, chief operating officer of LinQuest since November 2019, has taken the helm as the company’s president and CEO. He succeeds Timothy Dills, who has retired after nearly four years in the dual role, the space systems development and integration services provider said Wednesday. “I am thrilled to carry on LinQuest’s legacy of customer-focused

Contract Awards

Textron Secures Potential $677M Navy Training Aircraft Production Contract

A Textron (NYSE: TXT) subsidiary will manufacture up to 64 multi-engine training systems to replace the U.S. Navy’s T-44C Pegasus trainer platform under a potential $677.2 million contract. Naval Air Systems Command said Wednesday the branch initially ordered 10 aircraft for approximately $113.1 million through the firm-fixed-price contract awarded to Textron Aviation. The company will provide spares,

News

GSA Seeks Industry Nominees for Federal Cloud Security Advisory Panel

The General Services Administration is calling for industry nominations to a new committee that will be tasked with advising federal agencies on cloud adoption and security matters. Interested private sector professionals have until Feb. 9 to nominate themselves to become part of the 15-member Federal Secure Cloud Advisory Committee, the agency said Wednesday. The FSCAC

Executive Moves

Vishal Desai Promoted to SilverEdge CTO

Vishal Desai, most recently president of the national workflow automation business unit at SilverEdge Government Solutions, has assumed the role of chief technology officer at the Columbia, Maryland-based technology services provider. In this capacity, he will oversee efforts to align the company’s engineering, product development and technology initiatives with growth strategies and manage digital transformation,

Financial Reports

Boeing’s Defense, Space & Security Business Revenue Up 5% for Q4 2022

Boeing (NYSE: BA) reported a $6.2 billion revenue from its defense, space and security business for the fourth quarter of 2022, compared with the $5.8 billion posted in the same period a year ago. The BDS organization posted a 5 percent growth year-on-year, bringing its annual sales to $23.1 billion, according to Q4 2022 financial

Artificial Intelligence

DOD Updates Autonomy in Weapon Systems Directive; Kathleen Hicks Quoted

The Department of Defense has made changes to the Autonomy in Weapon Systems directive to reflect DOD’s continuous efforts to develop policies on military uses of artificial intelligence and autonomous systems as well as changes across the department over the last 10 years. The DoD Directive 3000.09 was developed to prevent unintended engagements by mitigating