Acting Pentagon technology chief Michael Kratsios today called for using the Defense Department's "unique authorities" to pursue its innovation efforts, while also committing to "redoubling" efforts to work more closely with non-traditional vendors and startup businesses.
Defense Business Alert
August 13, 2020
Pentagon acquisition chief Ellen Lord said today the Defense Department is working on a plan that could allow it to reimburse contractors experiencing pandemic-related hardships and inefficiencies with lump sums, rather than negotiate many smaller settlements.
August 11, 2020
Oceus Networks, newly acquired by a private investment firm, will have needed capital to expand as it pursues new opportunities, according to top executives.
August 6, 2020
The chief executive of Huntington Ingalls Industries said today that though the ongoing pandemic has proven "extremely disruptive," the company is seeing a higher attendance rate that it now considers sustainable.
July 31, 2020
The Trump administration is touting its export policy for unmanned aerial systems as a win for American companies, but some industry representatives say the government still hasn't fixed ongoing restrictions that hinder business.
July 30, 2020
The chief executive of Northrop Grumman said today she chose not to sign recent letters sent to Capitol Hill urging funding for coronavirus relief because her company has seen a reduced impact and she wants to focus on continuing to limit the damage.
July 30, 2020
Several defense contractors this week said sales rose during the most recent quarter, despite the ongoing pandemic.
July 29, 2020
The Defense Department has issued guidance for its procurement units on how to process and review waiver requests for contractors who wish to continue using banned equipment and services from Chinese companies Huawei and ZTE.
July 29, 2020
General Dynamics reported a $40 million charge in a program at its information technology business in its most recent quarter because the company is unable to get its employees to the European worksite, according to its chief executive.
July 28, 2020
A new report on the state of the space industrial base released today highlights the impact of the COVID-19 pandemic on space companies, and urges the Defense Department to take advantage of "offensive and defensive economic tools" to support technology development that will be key to a healthy industry base today and in the future.
July 28, 2020
The head of Airbus U.S. Space & Defense says the company has reshaped to focus on pursuing space and intelligence work, bringing on new advisers and expanding its workforce.
July 27, 2020
Booz Allen Hamilton is working with clients and its own subcontractors to help prepare for the Pentagon's Cybersecurity Maturity Model Certification program through identifying gaps and assisting with remediation.
July 22, 2020
Artificial intelligence company CalypsoAI is announcing today the close of a $13 million series A fundraising round.
July 21, 2020
The new chief executive of Lockheed Martin said today the company is preparing for a potential defense budget upturn as well as a downturn.
July 21, 2020
The Government Accountability Office denied a series of bid protest allegations Perspecta levied against a $7.7 billion Navy contract award after concluding the company failed to substantiate the substance and impact of its accusations.
July 16, 2020
While the Trump administration has published a long-awaited rule to ban contractors from using certain Chinese equipment, industry groups are still seeking an extension to the looming deadline, as they argue there's not enough time for businesses to digest the sweeping regulation and that it will add billions in compliance costs to a struggling U.S. economy.
July 14, 2020
Industry groups say contractors are tracking the Pentagon and Capitol Hill's plans to reimburse them for pandemic-related expenses as discussions continue.
July 13, 2020
The House is poised to pass legislation that gradually ramps up "Buy American" requirements on the Defense Department's largest programs of record, but industry representatives and analysts say the "arbitrary" rules could trip up important weapons developments and hurt international cooperation on defense programs.
July 9, 2020
In a new letter sent to the Pentagon this week, eight of the largest defense contractors say they are preparing their estimated costs related to COVID-19 relief legislation and warn the Pentagon will need additional funding to cover these expenses.
July 8, 2020
The Pentagon is working with major U.S. technology companies on a range of artificial intelligence projects, including software to help streamline warfighting operations, according to the head of the Joint Artificial Intelligence Center.