EMERGING TECHNOLOGY
NOAA | October 27, 2020
The National Oceanic and Atmospheric Administration and Google linked up to cooperatively steer artificial intelligence and machine learning-driven pilot projects that could advance the agency’s environmental monitoring, weather predicting, and climate research capabilities.
Through a three-year deal unveiled Tuesday, the two will collectively study and develop small-scale AI systems and eventually wider-ranging prototypes that might be infused across NOAA’s broader enterprise. Such resources would be of good use to the water and climate-focused agency, which is responsible for providing raw data for weather forecasts nationwide, including those used to predict hurricanes and other natural disasters.
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GOVERNMENT BUSINESS
Castellum, Inc. | December 27, 2021
Castellum, Inc. announces the signing of a letter-of-intent (LOI) to acquire an East-coast based government contractor generating over $4 million in annualized revenue. Subject to due diligence and the execution of a definitive purchase agreement, the Company hopes to close the acquisition in the first quarter of 2022.
“We are happy to announce our next LOI, which adds more than 25 employees and further strengthens our past performance by adding more capabilities in Information Warfare/Information Operations (IW/IO) serving the special operations community,” said Mark Fuller, President and CEO of Castellum. “Combined with some organic growth that we have seen recently; this accretive acquisition will push Castellum above the $40 million run-rate threshold. We also continue to look at other potential acquisitions.”
About Castellum, Inc.
Castellum, Inc. is a defense-oriented technology company which is executing strategic acquisitions in the cyber security, information technology and software, information warfare, and electronic warfare and engineering services space
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GOVERNMENT BUSINESS
Kratos | December 29, 2021
Kratos Defense & Security Solutions, Inc. , a leading National Security Solutions provider, announced today following the Government announcement, that Kratos Unmanned Aerial Systems (KUAS) has been awarded a $50,917,490 contract modification (P00007) to a previously awarded firm-fixed-price contract (N0001920C0075). This modification exercises an option to procure 65 BQM-177A Subsonic Aerial Targets, 50 for the Navy, seven for the government of Japan, and eight for the government of Saudi Arabia, as well as associated technical and administrative data in support of full rate production lot three. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity. Due to customer-related, competitive, security, and other considerations, no additional information will be provided.
Steve Fendley, President of Kratos Unmanned Systems Division, said, “The Kratos team is incredibly proud to receive this third consecutive full rate production option award supporting our U.S. Navy customer. We are also excited that 15 of these drone aircraft will support the U.S. Government’s foreign allies. Throughout the challenges of the last two years, Kratos has remained focused on developing, producing, and delivering target and tactical drone systems to support the established and forecasted customer needs.”
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development.
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