Cubic has entered into a definitive agreement to be acquired by Veritas and Evergreen Coast, an affiliate of Elliot Investment Management, for $70 per share in cash. Veritas CEO and managing partner Ramzi Musallam, a past Potomac Officers Club event speaker and five-time Wash100 winner, said the partnership with Cubic's experts will accelerate product development […]
Chief of Space Operations John Raymond, a speaker at a past Potomac Officers Club event, said the U.S. Space Force will likely not be included in the Department of Defense budget until 2023. Raymond, a 2020 Wash100 winner, said he does not want to disrupt the budget and resource allocations for the Army, Navy and […]
Peraton, a portfolio company of private investment firm Veritas Capital, has acquired Northrop Grumman’s information technology and mission support services business for $3.4 billion. The acquisition creates a government mission capability integrator and IT provider that offers technology-enabled services and support to a broad range of critical government missions. Peraton’s chairman, president and chief executive […]
The Department of Defense's Joint Artificial Intelligence Center has tapped the Indiana Innovation Institute to create a prototype business process to streamline the acquisition of AI capabilities. JAIC Chief Technology Officer Nand Mulchandani, a speaker at a past Potomac Officers Club event, said IN3 will build an acquisition portal, to be called Tradewind, that has […]
An independent advisory committee said the Department of Defense should have a basic artificial intelligence infrastructure prepared by 2025 if it wants to achieve its ambitious AI goals in the coming years. In a draft report sent to Congress, the National Security Commission on AI cautioned that failure to meet the timeline could cause major […]
Machine learning-powered satellites could be achieved within the next decade but are currently not feasible due to the limitations of computers, a top defense official said. Space Development Agency Director Derek Tournear, a past Potomac Officers Club event speaker, said a computer in space would be limited by temperature limits and power requirements, Defense One […]
IronNet Cybersecurity has launched a joint offering with Unlimited Technology, Exero and DirectDefense to give large and small enterprise customers a better understanding of how they are holding up in terms of cybersecurity. The Enterprise Security Program Review will help organizations define and enhance their cybersecurity postures across a number of important dimensions, according to […]
The Navy intends to quickly address the material defect in the combining gear of the Freedom-class Littoral Combat Ships to maximize the fleet in the coming years. The service has already suspended further deliveries of the Freedom-Class LCS fleet until fixes can be installed on affected ships, including the Minneapolis-Saint Paul and Cooperstown LCS, which […]
The Army's modernization priorities will remain unchanged amid the turn of a new administration, according to the service's top modernization official. Army Futures Command Commander John Murray, a past Potomac Officers Club event speaker and two-time Wash100 awardee, said the Army will push through with its network modernization initiatives slated for 2021, FedScoop reported Monday. […]
Maj. Gen. Peter Gallagher, director of the Army Futures Command’s Network Cross-Functional Team and a past Potomac Officers Club event speaker, assured that the service remains on track to field new technologies under Capability Set 21 despite dealing with testing disruptions in 2020. Gallagher said during the recent AFCEA NOVA conference that operational tests for […]
