Tags DOD

Proofpoint's Hanna Wong on how DOD can pivot and modernize with DIU

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Proofpoint on how the Defense Innovation Unit is helping DOD become more nimble, in particular with its procurement process.

How DOD is modernizing its audit of more than 400 IT systems

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The Department of Defense is soon to begin the fourth year of its full audit effort—which encompasses more than 400 IT systems that have a piece of the department’s financial management.

DOD CIO John Sherman on protecting agency's data and networks

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CIO John Sherman shares his insights on the agency's top priorities to improve the security and protection of DOD’s data and networks.

ManTech International to be acquired by private equity firm Carlyle Group for about $3.9B

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Federal IT services contractor ManTech International has agreed to be acquired by the private equity firm Carlyle Group. ManTech on Monday said it had accepted Carlyle’s all-cash buyout offer of $96 per share in cash, worth about $3.9 billion. The transaction has a total enterprise value of about $4.2 billion with included interest-bearing debt and preferred stock options. The transaction is the latest example of M&A activity in the federal IT contracting…

Pentagon launches new website to help innovative companies find opportunities to work with DOD

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The Department of Defense has created a new “Innovation Pathways” website aimed at making it easier for industry and academia to search for opportunities to collaborate with the DOD on technology projects, the Pentagon announced Friday. The online portal, www.ctoinnovation.mil, will provide a “one-stop shop” for outside organizations to access the department’s innovation “ecosystem,” according to a press release. The site “serves as a gateway to the Department’s efforts to…

Mysterious American robotic ships headed to Ukraine

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The Department of Defense is sending robotic ships to Ukraine to aid its fight against Russia. While the Pentagon is being tight-lipped about the vessels and what missions they’ll be performing, analysts gave FedScoop some insights into what the systems might be and what role they might play in the war. A DOD fact sheet on the latest $800 million security assistance package announced Wednesday included an unspecified number of…

Analysts pillory DOD projections for inflation, real budget growth

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The Pentagon’s inflation projections are unrealistically low and don’t accurately reflect what the Department of Defense’s purchasing power will be next year, according to analysts. The Biden administration on Monday released its fiscal 2023 budget request. The White House is asking for $773 billion for the Pentagon, including $146 billion for procurement, and $130 billion for research, development, test and evaluation. During a briefing with reporters, Michael McCord, Pentagon comptroller…

Biden's 2023 budget calls for big boost to Pentagon R&D funding

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President Joe Biden’s fiscal 2023 budget proposal, released Monday, would increase the Department of Defense’s research and development funding to an all-time high, as the U.S. military races with China to develop next-generation capabilities. The White House is asking for $773 billion for the Pentagon in the next fiscal year, $130.1 billion of which would go toward research, development, test and evaluation accounts — the highest-ever level of RDT&E spending…

The Army is trying to jump-start its venture capital arm

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The Department of the Army is seeking to revitalize its internal venture capital firm, the Army Venture Capital Corporation (AVCC), which was created by Congress in 2002 but has sat dormant for 10 years without funding. The firm now has a new managing director, Jake Chapman who spoke with FedScoop in his first interview. Chapman is still working to get funding from Congress to invest in startups, but if given $50-$100 million,…