York Space Systems eyes supplier acquisition after going public
The 14-year-old small satellite maker also gives investors details on how much stock will be available to buy and the price range for the shares. York Space Systems’ blueprint for its initial future as a public company starts plans to acquire one of its suppliers, with whom the small satellite maker has entered into a letter […]
OMB reverses Biden-era software attestation order
A new executive branch memorandum instead allows agencies to lean on software bills of materials, or SBOMs, in lieu of a universal attestation framework. The White House on Friday rescinded a 2022 order that mandated a single, standardized self-attestation form for federal agencies to obtain cybersecurity assurances from software vendors, arguing the policy hindered agencies from […]
Salesforce signs $5.5B contract with the Army
The vehicle will be open to the entire Defense Department and broadens access to the company’s artificial intelligence, data and cloud technologies over the next 10 years. Salesforce has signed a new contract with the Army to provide access to its artificial intelligence, data, and cloud technologies for the next decade. The contract, signed by Salesforce […]
Leidos’ plan for revenue synergies in Entrust acquisition
Artificial intelligence tools, new markets and cross-selling are driving Leidos’ business case for the $2.4 billion acquisition. In starting to highlight synergy goals from Leidos’ planned $2.4 billion acquisition of Entrust Solutions Group, executives are not talking about sucking costs out of the combined companies by reducing headcount or consolidating facilities. During a conference call with investors Monday, […]
Booz Allen commits $400M to Andreessen Horowitz’s late-stage fund
The government contractor and venture capital firm alike are looking to expand their networks through this capital infusion as well as a related tech partnership pact. Booz Allen Hamilton’s partnership with Andreesen Horowitz, one of the venture capital landscape’s highest-profile firms, will go beyond just helping startups land government contracts and developing new technologies. Only days […]
Treasury cancels all Booz Allen contracts
The cancellations are tied to a former Booz Allen employee, who admitted two years ago to leaking President Trump’s tax information and tax data on other wealthy individuals. The Treasury Department has moved to cancel all contracts with Booz Allen Hamilton, two years after a former company employee pled guilty to leaking President Trump’s confidential tax information […]
Leidos makes $2.4B bet on utility infrastructure with Entrust acquisition
This will be Leidos’ largest purchase since 2016 and doubles its energy business. As Leidos’ homeland security unit president told us, artificial intelligence helping to drive a trillion-dollar grid modernization push as computing power needs grow. Leidos is making a $2.4 billion bet on the energy market with its agreement announced Monday to acquire Entrust Solutions […]
WT 360: One founder’s guide for helping agencies with their tech roadmaps
Sheila Duffy, founder and chief executive of Greystones Group, goes over keys for good collaborations with customers on rolling out modern tools and seeing Small Business Innovation Research programs as a pathway to do so. Commercial technology is front-and-center of everyone’s mind across the public sector ecosystem these days, but history shows that agencies have […]
The irrefutable connection between agency modernization and FedRAMP cloud adoption
Vendors must embrace security from day one as FedRAMP 20x and multi-cloud strategies gain momemtum, writes Irina Denisenko, CEO of Knox Systems. Facing pressing modernization mandates, it’s time for federal agencies to overcome a long-standing belief in the false choice of speed vs. security when implementing new technology. The next era of federal innovation demands solutions […]
CACI’s outlook on the government’s commercial acquisition push
In talking with Wall Street, CEO John Mengucci offers his view on how starting with initial investments to make an “80% solution” is the ideal path forward for contractors and their government customers alike. Like other companies in the market, CACI International’s outlook for the future includes keeping close tabs on the government’s work to overhaul […]