Under Armour faces U.S. federal probe over accounting practices: WSJ

Under Armour Inc | November 04, 2019

Under Armour Inc (UAA.N) is under investigation by U.S. federal law enforcement officials over whether the sportswear maker shifted sales from quarter to quarter to appear financially healthier, the Wall Street Journal reported on Sunday. The Baltimore-based company confirmed that it is under investigation and is cooperating with the Justice Department and U.S. Securities and Exchange Commission. It also defended its accounting practices and disclosures. The Journal, citing unnamed sources, said in its report here that a criminal inquiry is being conducted by Justice Department prosecutors, who are also coordinating with civil investigators at the SEC.

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Today, millions of Americans who are current on their mortgage payments cannot refinance at historically-low interest rates. The President is proposing legislation that would allow more homeowners to refinance. Under the President’s plan, they would have two refinancing options.

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Today, millions of Americans who are current on their mortgage payments cannot refinance at historically-low interest rates. The President is proposing legislation that would allow more homeowners to refinance. Under the President’s plan, they would have two refinancing options.

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KBR and Adarga Announce Strategic Partnership to Extend AI Capabilities into National Security Sector

KBR | September 14, 2021

KBR has today announced a strategic partnership with Adarga, one of the UK's leading developers of artificial intelligence (AI) analytics software for defense and national security. KBR's Government Solutions business will integrate Adarga's leading-edge AI software platform into the delivery of a number of its large-scale programs across the defense and national security sectors – putting effective, data-driven decision-making at the heart of how they operate. The partnership will further extend KBR's capability offering across key market sectors and accelerate the speed and scale at which organizations can adopt next generation AI analytics to resolve their most complex data challenges. It will also allow clients to unlock vital insight, foresight and understanding of information buried across their ever-growing data sets. This insight allows customers to improve retention of critical institutional knowledge, identify hidden connections to drive intelligence-led investigation, support strategic planning, and quantify future threats and opportunities. The addition of AI enhances and extends human capability by increasing agility, accuracy and productivity. "This partnership is an exciting step to enhance our innovative and highly dependable solutions focused approach across key markets, with a shared ethos to help our customers resolve their most complex challenges," said Andrew Barrie, KBR President, Government Solutions EMEA. Adarga's UK-developed Knowledge Platform™ is built for rapid integration with partner programs and is already providing vital insights for the UK Ministry of Defence by driving faster, better and more informed decisions. Adarga CEO, Robert Bassett Cross, said, "Adarga is pleased to be partnering with KBR to expand the AI capabilities of customers across defense and national security. Together we will be able to provide customers with a transformational ability to leverage data as a strategic asset – a vital element of modern defense capability." About KBR We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 29,000 people worldwide with customers in more than 80 countries and operations in 40 countries. KBR is proud to work with its customers across the globe to provide technology, value-added services, and long- term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.

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GOVERNMENT BUSINESS

OneWeb will Acquire TrustComm and Establish a New Government Subsidiary

OneWeb | May 11, 2021

OneWeb, the worldwide interchanges network fueled by Space, declared today it has gone into an authoritative consent to secure Texas-based TrustComm Inc., which will empower OneWeb to offer its Low Earth Orbit (LEO) organization and availability administrations to U.S. government customers and TrustComm clients. Based at the exceptionally secure Ellington Joint Base in Houston, Texas, TrustComm was set up in 1999 as a supplier of oversaw satellite correspondences and expert administrations to business associations and governments. TrustComm offers administrations going from broadband Internet access, VoIP and voice, video conferencing, and information interchanges for business coherence to crisis reaction, strategic field arrangement, and brief use. "OneWeb's procurement of TrustComm supports our procedure to quickly scale satellite interchanges to the U.S. DoD." "OneWeb's securing of TrustComm supports our procedure to quickly scale satellite correspondence administration to the U.S. Branch of Defense and other government offices as they hope to incorporate high throughput, low dormancy answers for fulfilling new availability needs," said OneWeb's Head of Government Services Dylan Browne. "We are eager to have TrustComm join our group and influence their solid standing giving the distant correspondences our clients need, especially in Alaska and the Arctic." Under the conditions of the arrangement, a recently gained intermediary auxiliary of OneWeb will be driven by TrustComm CEO Bob Roe and spotlight on presenting OneWeb's undertaking grade network administrations to clients. Terms of the exchange are classified, and it is required to shut in 2021, subject to standard shutting conditions including administrative endorsements. "The TrustComm group is excited to join OneWeb at the beginning of this new time of Satcom administrations. TrustComm's legacy and client-centered help groups will empower us to grow the arrangement of administrations we offer and permit us to seek after new freedoms. This is an energizing turn of events and we anticipate taking our administration business higher than ever in the coming year," said Roe. OneWeb will offer DoD and other government customers another set-up of administrations with network accelerates to 195 Mbps, lower inactivity, more modest and more conservative multi-circle client terminals, and inherent organization the board instruments giving generous financial investment funds over customary GEO deals models. The securing follows the fruitful exhibition of OneWeb's turnkey satellite-based correspondences framework to the DoD in March of 2021, with information rates up to 500Mbps at dormancy levels as low as 32ms. The show additionally represented the consistent handover of the network between numerous LEO satellites as they passed overhead. Intended to furnish associations and governments with really worldwide and tough availability benefits, OneWeb's answer will include an organization of 648 Low Earth Orbit (LEO) satellites, worldwide entryways, and air, sea, and land clients terminals. In late 2021, OneWeb will start offering business types of assistance across the Arctic and growing to worldwide inclusion in 2022. About OneWeb OneWeb is a worldwide correspondence network controlled from space, settled in London, empowering availability for governments, organizations, and networks. It is executing a group of stars of Low Earth Orbit satellites with an organization of worldwide entryway stations and a scope of client terminals to give a moderate, quick, high-data transmission and low-inertness correspondences administration, associated with the IoT future and a pathway to 5G for everybody, all over the place.

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GOVERNMENT BUSINESS

Everlaw Moves to AWS GovCloud (US) to Give Even Greater Security to Federal Clients

Everlaw | September 15, 2021

Everlaw announced today the migration of its FedRAMP Authorized federal SaaS platform to Amazon Web Services (AWS) GovCloud (US), making it one of the first cloud-native ediscovery, collaboration and document review solutions to meet these stringent U.S. government security requirements. Everlaw's platform, which achieved FedRAMP Authorization last year, is already one of the few elite technology providers used by U.S. government agencies for federal investigations and litigation. Now, on AWS GovCloud (US), Everlaw can maintain the integrity of its state-of-the-art, high-speed solution while protecting the most sensitive government information against cybersecurity threats. Providing a fast, highly secure and modern collaboration solution that meets the critical needs of government agencies is of the utmost importance to us. Our move to AWS GovCloud (US) allows our federal clients to confidently use our solution, knowing that their information is protected by the highest cloud security standards. Kevin Babcock, Director of Security Engineering at Everlaw The migration to AWS GovCloud (US) underlines Everlaw's commitment to best-in-class service and safety for federal clients. AWS GovCloud (US) allows Everlaw to better support federal export controls, compliance, and storage of highly sensitive data. Additionally, the Amazon Region is operated exclusively by U.S. citizens on U.S. soil, as is Everlaw's platform, enabling the company to serve government agencies with NOFORN (no foreign national) requirements. Everlaw has also achieved ISO/IEC 27001:2013 certification for data center security, and SOC 2 Type 2 certification in Privacy, Security, Confidentiality and Availability, as well as completed voluntary independent audits to support Health Insurance Portability and Accountability Act (HIPAA) and General Data Protection Regulation (GDPR) compliance. Everlaw's collaborative platform enables federal teams to discover, illuminate and act on information to better drive internal investigations and positively impact the outcome of litigation, congressional hearings, and internal and regulatory investigations. Historically, federal teams have had to rely on outdated, client-server software and expensive third-party service providers, but Everlaw combines speed, security and ease-of-use into a single solution that can be used in-house without maintenance or outside technical staff. Everlaw's unique features help uncover the truth more quickly and present findings more clearly, including 0365 integration, bulk redactions, searchable PDFs, A/V transcription, data visualization, foreign language translation, clustering, instant searching and in-platform sharing, with additional features released every four weeks. About Everlaw Everlaw blends cutting-edge technology with modern design to help government entities, law firms, and corporations solve the toughest problems in the legal industry. Everlaw is used by Fortune 100 corporate counsels and household brands like Hilton and Dick's Sporting Goods, 76 out of the AM Law 100, and all 50 U.S. state attorneys general. Based in Oakland, California, Everlaw is funded by top-tier investors, including CapitalG, Menlo Ventures, Andreessen Horowitz, and K9 Ventures.

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