Archive: Business/Financial

Peter Navarro, , assistant to the president and director of the Office of Trade and Manufacturing Policy, speaks Nov. 8 at the Center for Strategic and International Studies. (Video still: CSIS)

Trump Admin Pushing Arms Transfers as Economic Security Effort

The White House oversaw over $192 billion in arms transfers last fiscal year – over 13 percent more than in fiscal year 2017– and is pushing to sell even more weapons and military equipment to global allies and partners to counter growing competition overseas. President Trump’s administration is implementing key lines of effort in its […]

Rendering of LPD 29 amphibious transport dock. Work on the new ship helped boost HII's sales in the third quarter. Rendering: HII

Huntington Ingalls Posts Strong Third Quarter Results

Huntington Ingalls Industries [HII] on Thursday reported a strong third quarter with sales higher mainly on Navy and Coast Guard programs and earnings up on the higher revenue, lower taxes, a favorable change in workers’ compensation expense and a pension benefit. Net income increased 54 percent to $229 million, $5.29 earnings per share (EPS), from […]

Pros and Cons of Computer Authentication and Future Possibilities

Most DoD Supply Chain Technology Funding Goes To IT Sustainment, Report Says

The Defense Department spent nearly $80 billion on supply chain technology from fiscal years 2014 to 2017 and most of the spending, $57.8 billion, went toward sustaining information technology (IT), according to a recent report by the strategic research and advisory firm Govini. Annually, DoD is spending about $23 billion on supply chain technology with […]

iStock Cyber Lock

Symantec Acquires Firms Offering Enterprise, Mobile Security Capabilities

The cyber security software company Symantec [SYMC] on Monday said it has made two acquisitions that provide it with capabilities to protect enterprises against active directory-based attacks and help secure mobile applications. The acquisition of privately-held Javelin Networks provides Symantec with capability to counter threats to Microsoft Active Directory services, which are an increasingly popular […]

ANSER President and CEO Carmen Spencer. Photo: ANSER

ANSER Acquires Small Technical Services Firm Serving DoD, Federal Agencies

The non-profit federal professional services company Analytic Services Inc. (ANSER) last week said it has acquired Domain X Technologies, a small firm that provides subject matter expertise across a range of technical needs to customers with the Defense and Homeland Security Departments and other federal agencies. Terms of the deal were not disclosed. DXT is […]

The Northrop Grumman EQ-4B Global Hawk autonomous aircraft on its first flight after being converted to carry the Battlefield Airborne Communications Node (BACN) on February 16, 2018. Photo: Northrop Grumman

Northrop Grumman Settles Over Alleged Overbilling On Air Force Contracts

The Justice Department on Friday said that Northrop Grumman [NOC] has agreed to pay $27.5 million to settle allegations that the company violated the False Claims Act with regard to overbilling on two Air Force contracts. The settlement relates to the Battlefield Airborne Communications Note (BACN) the Dynamic Re-tasking Capability (DRC) contracts for alleged billing […]

105mm howitzer firing from an AM General Humvee. (Photo by Matt Cashore)

AM General Invests In Company Developing Mobile Artillery Systems

Humvee maker AM General on Thursday said it has made a strategic investment in Mandus Group to accelerate efforts to develop a lightweight self-propelled howitzer system that is integrated on the bed of a modified Humvee. Terms of the investment were not disclosed. AM General said that the investment deepens its relationship with Mandus Group, […]

CACI President and CEO Ken Asbury

CACI Opens New Fiscal Year With Strong Results

CACI International [CACI] on Wednesday afternoon reported a strong first quarter with higher earnings and sales and the company raised its earnings guidance for the rest of the year. Net income soared 88 percent to a record $78.8 million, $3.10 earnings per share (EPS), from $42 million ($1.67 EPS) a year ago, topping consensus estimates […]

William "Bill" Evanina, director of the National Counterintelligence and Security Center. Photo: Office of the Director of National Intelligence

Private Sector Beginning To Protect Their Supply Chains, Evanina Says

Nation state actors are increasingly targeting cyber vulnerabilities of supply chains but the private sector is also waking up to the threat and taking steps to protect their supply chains, a senior intelligence official said on Tuesday. Foreign countries are “being less inhibited and being more aggressive to attacking our supply chain,” William “Bill” Evanina, […]

Thales, Verint Team On Cyber Threat Intelligence

France’s Thales Group and U.S.-based Verint Systems [VRNT] on Monday said they have formed a strategic partnership to provide comprehensive cyber threat intelligence services. The partnership aims to provide services across a spectrum of threats, espionage, information warfare, and cybercrime, the companies said. “Verint’s cyber security and threat intelligence offerings complement ours, bringing an additional […]