GovConWire's Government Contracting News 11/18/2021

Industry News

Baird Managing Directors John Song, Jean Stack Host 2021 Government & Defense Conference Detailing M&A Market Insights

John Song, managing director for Baird and 2021 Wash100 Award recipient, opened the long-awaited 2021 Government & Defense Conference on Wednesday with a look into the company’s success over the past year since the company’s last conference, its growth and influence in the sector, which includes some of the biggest deals and acquisitions across the

Contract Awards

Air Force Awards $2.4B to 8 Companies for Prototype Development Work

Eight companies have received contract modifications worth $2.4 billion combined to provide prototype development, sustainment and production support services to the Department of the Air Force. Work will occur in New Jersey, California, Virginia, Utah, Pennsylvania and Iowa through Jan. 9, 2028, the Department of Defense said Wednesday. The modifications fall under an indefinite-delivery/indefinite-quantity contract

Executive Moves

Former IBM Exec Sam Gordy Joins BigBear.ai as COO, President of Federal Division

Sam Gordy, a former IBM (NYSE: IBM) executive and a two-time Wash100 awardee, has been named chief operating officer and president of the federal division at artificial intelligence company BigBear.ai. In his new capacity, Gordy will be responsible for overseeing BigBear.ai’s day-to-day operations and driving its growth in the federal market, the company said Wednesday.

News

Parsons President, CEO Carey Smith Discusses Growth Strategy, Company Culture During Baird’s 2021 Government & Defense Conference

Carey Smith, president and CEO of Parsons and three-time Wash100 Award winner, sat with Peter Arment, senior research analyst for Baird, during Wednesday’s 2021 Government & Defense Conference to provide a look into Parsons’ growth strategies, national security efforts and the influence that emerging technologies are having on business and the future of warfare. “First

Events

DIA CIO Doug Cossa Gives Keynote Address at ‘Defense and Intelligence: IT Modernization’ Forum

On Wednesday, GovCon Wire Events hosted its Defense and Intelligence: IT Modernization Forum, which gathered elite defense, intelligence and commercial sector leaders to divulge the technological priorities, key strategies and innovative initiatives driving the Defense Intelligence Agency’s digital transformation goals as rapid information technology advancements continue to accelerate globally. Doug Cossa, chief information officer of the Defense Intelligence

Financial Report

NVIDIA Posts $7.1B in Q3 FY22 Revenue; Jensen Huang Quoted

NVIDIA (Nasdaq: NVDA) reported a record revenue of $7.1 billion for the third quarter of its 2022 fiscal year, a 50 percent increase from the prior-year period and a 9 percent jump from the previous quarter. The company said Wednesday it paid $100 million in cash dividends during the quarter and saw its non-GAAP diluted

Executive Moves

Northrop Vet Mike Aldinger Named HII VP of Air Force Training Enterprise

Mike Aldinger, a 22-year veteran of Northrop Grumman (NYSE: NOC), has joined Huntington Ingalls Industries‘ (NYSE: HII) Technical Solutions division to serve as vice president of live, virtual, constructive training products. In his new position, Aldinger will focus on HII’s engagement and growth efforts related to its LVC offerings for the U.S. Air Force, the

Contract Awards

SkyePoint to Help Secure ICE Network With AI Tech; Frank Sturek Quoted

SkyePoint Decisions has received a task order to help the Immigration and Customs Enforcement implement an artificial intelligence-based cybersecurity platform to support the agency’s network threat monitoring and defense measures. The company said Wednesday it will work with TIBCO Software to deploy the Spotfire analytics platform to ICE’s security operations center through a proof-of-concept effort.

News

Executive Spotlight With Microsoft Federal President Rick Wagner Focuses on Company Investments, Digital Defense Report & Future of Space Tech

Rick Wagner, president of Microsoft‘s federal arm and a four-time Wash100 awardee, was featured in the most recent Executive Spotlight interview with ExecutiveBiz on Wednesday. He talked about the company’s cybersecurity investment and FastTrack program support, the Digital Defense Report results and other Microsoft efforts to develop its capabilities and help federal agencies. Here’s an

M&A Activity

Castellum Acquires Certain Albers Group Assets to Grow Patuxent River Footprint

Castellum has acquired Albers Group assets that are located Naval Air Station Patuxent River in Maryland to provide further support for U.S. Navy and Marine Corps programs. The deal sought to expand the Pax River market presence of Specialty Systems Inc., which Castellum purchased in August and now operates as its SSI subsidiary, the company