THIS WEEK'S TOP NEWS STORIES
The House on Tuesday voted 363-70 to pass a $768.2 billion?defense policy bill?for fiscal year 2022. The vote came hours after the House and Senate Armed Services Committees reached a compromise on the fiscal year?2022 National Defense Authorization Act.
On Tuesday,?Christopher O’Donnell, acting assistant secretary for acquisition at the Department of Defense, delivered a keynote address during the?Defense Acquisition Priorities Forum?hosted by?GovCon Wire Events. During his speech, O'Donnell focused on the challenges, threats, opportunities and innovations that govern the Pentagon’s acquisition strategies and procurement priorities in today’s ever-developing defense environment.
General Dynamics’ (NYSE: GD) information technology business has secured a potential 10-year,?$4.5 billion contract?from the National Geospatial-Intelligence Agency for user-facing and data center services. GDIT will provide such IT services in support of multiple security domains and networks, including the Intelligence Community’s cloud and desktop environments from various locations worldwide.
BigBear.ai?has completed its?merger with special purpose acquisition company GigCapital4?to create a new entity that will trade on the New York Stock Exchange starting Wednesday and help customers make decisions with the use of artificial intelligence technology. “As a public company, we plan to build value for shareholders by continuing our strong momentum in the government and defense sectors and accelerating our penetration of targeted commercial markets like space, maritime, transportation & logistics, energy, retail and infrastructure,†said?Reggie Brothers, CEO of BigBear.ai and a?2021 Wash100 Award?recipient.
Defense Secretary and?2021 Wash100?awardee?Lloyd Austin?has urged Congress to fully fund the government for fiscal year 2022 because he believes a long-term continuing resolution will have a significant impact on key programs at the Department of Defense.
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Science Applications International Corporation (SAIC) announced its?third-quarter?results?for the company’s 2022 fiscal year on Monday. The company has reported that it increased its overall revenue to $1.9 billion, which represents a 4.4 percent revenue growth and includes 2.1 percent growth as well after excluding acquired revenues.?
AT&T?has booked a potential 11-year, $161 million task order from the Defense Information Systems Agency to consolidate and modernize disparate?U.S. Coast Guard data communications networks?onto a single platform. The task order will also expand USCG’s use of the company’s first responder and public safety network?FirstNet and make AT&T the service branch’s principal provider of telecommunications services.
Chuck Hicks, chief operating officer and chief financial officer for NCI, recently spoke with?ExecutiveBiz?for his latest?Executive Spotlight?interview regarding providing a look into the company's accomplishments over a successful 2021, his top priorities as COO and CFO to foster partnerships and company growth through contract awards as well as the unrecognized challenges of technological innovation and AI implementation.?
CEOs from six cryptocurrency companies testified?before the House Financial Services Committee Wednesday calling on Congress to come up with clearer and bespoke regulations on the virtual currency.
On Jan. 27, the Potomac Officers Club will bring together distinguished government and industry leaders to offer the GovCon community an insight into the national security aspect of digital currencies. POC's?Digital Currency and National Security?forum will feature National Cyber Director Chris Inglis; and Juan Zarate, global co-managing partner and chief strategy officer at K2 Integrity, as keynote speakers.
A U.S. district court in Georgia on Tuesday decided to prohibit the Biden administration from implementing its?vaccination mandate for federal contractors?across the country. Jen Psaki, White House press secretary, said the Department of Justice will “vigorously defend†the vaccination requirement in court.