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June 19, 2024 | International, Security

Kraken Crypto Exchange Hit by $3 Million Theft Exploiting Zero-Day Flaw

Kraken exchange falls victim to a $3 million crypto theft exploiting a zero-day flaw, with the researcher refusing to return the stolen funds.

https://thehackernews.com/2024/06/kraken-crypto-exchange-hit-by-3-million.html

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  • Contract Awards by US Department of Defense - August 25, 2020

    August 26, 2020 | International, Aerospace, Naval, Land, C4ISR, Security, Other Defence

    Contract Awards by US Department of Defense - August 25, 2020

    DEFENSE LOGISTICS AGENCY Oklahoma City Water Utilities Trust, Oklahoma City, Oklahoma, has been awarded a $617,452,596 regulated tariff contract for the ownership, operation and maintenance of the water and wastewater utility systems at Tinker Air Force Base, Oklahoma. This was a sole-source acquisition using justification 10 U.S. Code 2304 (c)(1), as stated in Federal Acquisition Regulation 6.302-1. This is a 50-year contract with no option periods. Location of performance is Oklahoma, with an Aug. 31, 2071, performance completion date. Using military service is the Air Force. Type of appropriation is fiscal 2020 through 2071 Air Force operations and maintenance funds. The contracting activity is the Defense Logistics Agency Energy, Fort Belvoir, Virginia (SP0600-20-C-8331). Atlantic Diving Supply Inc., doing business as ADS, Virginia Beach, Virginia, has been awarded a maximum $28,000,000 indefinite-delivery/indefinite-quantity contract for facility maintenance, repair and operations supplies and related incidental services. This was a sole-source acquisition using justification 10 U.S .Code 2304 (c)(1), as stated in Federal Acquisition Regulation 6.302-1. This is a 327-day bridge contract with no option periods. Location of performance is Southwest Africa, with a July 19, 2021, ordering period end date. Using customers are Army, Navy, Air Force, Marine Corps and federal civilian agencies. Type of appropriation is fiscal 2020 through 2021 defense working capital funds. The contracting activity is the Defense Logistics Agency Troop Support Europe and Africa, Kaiserslautern, Germany (SPE5B1-20-D-0003). CORRECTION: The contract modification announced on Aug. 20, 2020, for Bremen-Bowdon Investment Co., Bowdon, Georgia (SPE1C1-17-D-1085 P00012), for $8,125,822, was actually awarded on Aug. 21, 2020. NAVY FlightSafety Services Corp., Denver, Colorado, is awarded a $220,766,476 firm-fixed-price, indefinite-delivery/indefinite-quantity contract for aircrew training services for the TH-73A Advanced Helicopter Training System to include flight training devices (FTD) and classroom instruction to train student naval aviators (SNAs) to the standards necessary to meet an annual pilot production rate of over 600 advanced rotary wing and intermediate tilt-rotor SNAs. Additionally, it provides for the operation and maintenance of FTDs. Work will be performed in Milton, Florida, and is expected to be completed in June 2026. No funds will be obligated at the time of award. Funds will be obligated on individual orders as they are issued. This contract was competitively procured via an electronic request for proposal; two offers were received. The Naval Air Warfare Center Training Systems Division, Orlando, Florida, is the contracting activity (N61340-20-D-0021). Lockheed Martin Rotary and Mission Systems, Manassas, Virginia, is awarded a $191,723,019 cost-plus-incentive-fee contract (N00024-20-C-6117) for the procurement of engineering design development services and associated material and travel, supporting the fleet of Navy submarines and Foreign Military Sales requirements. This contract includes options which, if exercised, would bring the cumulative value of this contract to $2,224,208,878. This contract combines purchases for the Navy (90%); and the governments of Canada (8%); Japan (1%); and Australia (1%). Work will be performed in Manassas, Virginia (85 %); Virginia Beach, Virginia (11%); Fairfax, Virginia (2%); San Diego, California (1%); and Waterford, Connecticut (1%), and is expected to be completed by June 2030. If all options are exercised, work will continue through June 2030. Fiscal 2020 other procurement (Navy) funding in the amount of $500,000 will be obligated at time of award and will not expire at the end of the current fiscal year. In accordance with 10 U.S. Code 2304(c)(1), this contract was not competitively procured (only one responsible source and no other supplies or services will satisfy agency requirements). The Naval Sea Systems Command, Washington Navy Yard, Washington, D.C., is the contracting activity (N00024-20-C-6117). SeaLandAire Technologies Inc.,* Jackson, Michigan, is awarded a $9,706,013 cost-plus-fixed-fee order (N68335-20-F-0456) against previously issued basic ordering agreement N68335-20-G-1049. This order provides for continued advanced technology research and development efforts for Small Business Innovation Research (SBIR) products for airborne anti-submarine warfare systems under SBIR topic N010-014 titled, “High Gain Array of Velocity Sensors.” Further development and research efforts will include systems engineering, modeling and analyses, measurement of target and environment data, architecture, fabrication, installation, test, maintenance, aircrew training and procurement activities. Additionally, this order provides engineering services for prototyping and delivery of 36 digital directional frequency analysis and reporting vertical line array sonobuoys in order to transfer this SBIR technology to the UnderSea Advantage Next Generation Multistatic Active Coherent system. Work will be performed in Jackson, Michigan (90%); Columbia City, Indiana (5%); and Key West, Florida (5%), and is expected to be completed in August 2025. Fiscal 2020 research, development, test and evaluation (Navy) funds in the amount of $370,770 will be obligated at time of award, none of which will expire at the end of the current fiscal year. The Naval Air Warfare Center Aircraft Division, Lakehurst, New Jersey, is the contracting activity. U.S. TRANSPORTATION COMMAND Construction Helicopters Inc., Howell, Michigan, has been awarded a $168,759,265 modification (P00010) to contract HTC711-17-D-R016 for continued rotary wing airlift support within the U.S. Central Command Area of Responsibility. The option period of performance is from Sept. 1, 2020, to Aug. 31, 2021. Funds were not obligated at award. This modification brings the total cumulative face value of the contract to $653,647,312 from $484,888,047. U.S. Transportation Command, Directorate of Acquisition, Scott Air Force Base, Illinois, is the contracting activity. AIR FORCE Kekolu Contracting LLC, La Plata, Maryland, has been awarded a not-to-exceed $111,700,000 firm-fixed-price, indefinite-delivery/indefinite-quantity enterprise contract. Work will be performed at Joint Base Andrews, Maryland; and Joint Base Anacostia Bolling, Washington, D.C., and is expected to be completed May 23, 2025. This contract is for streamlined acquisition base engineering requirements, providing minor construction projects, maintenance and repair of real property. This award is the result of a competitive acquisition and seven offers were received. Fiscal 2020 operations and maintenance funds in the amount of $192,943 are being obligated at the time of award. The 316th Contracting Squadron, Joint Base Andrews, Maryland, is the contracting activity (FA2860-20-D-0004). PAE Aviation and Technical Services LLC, Marlton, New Jersey, has been awarded a $19,766,706 modification (P00063) to contract FA4890-15-C-0018 for the Aerial Targets Program. The contract modification provides for the exercise of an option for an additional year of service under the multiple year contract which directly supports live-fire weapon system testing and enables the 53rd Weapons Evaluation Group to perform developmental and operational weapons testing for all air-to-air missiles for F-15, F-16, F-22, and F-35 aircraft. Work will be performed at Tyndall Air Force Base, Florida; and Holloman Air Force Base, New Mexico, and is expected to be completed Sept. 30, 2021. Fiscal 2021 operations and maintenance funds will be used but no funds will be obligated at time of award. Acquisition Management and Integration Center, Joint Base Langley-Eustis Air Force Base, Virginia, is the contracting activity. ARMY HD CW JV, Charlotte, North Carolina (W912HN-20-D-2000); GHD Inc., Duluth, Georgia (W912HN-20-D-2001); and CDM Federal Programs Corp., Jacksonville, Florida (W912HN-20-D-2002), will compete for each order of the $15,000,000 firm-fixed-price contract for architect-engineer general design services for civil works. Bids were solicited via the internet with 10 received. Work locations and funding will be determined with each order, with an estimated completion date of Aug. 24, 2025. U.S. Army Corps of Engineers, Savannah, Georgia, is the contracting activity. Nora Contracting LLC,* Detroit, Michigan, was awarded a $10,576,854 firm-fixed-price contract to construct a columbarium for the Veterans Administration (VA) at the Crown Hill Cemetery in Indianapolis. Bids were solicited via the internet with two received. Work will be performed in Indianapolis, Indiana, with an estimated completion date of Feb. 26, 2022. Fiscal 2019 and 2020 VA construction funds in the amount of $10,576,854 were obligated at the time of the award. U.S. Army Corps of Engineers, Louisville, Kentucky, is the contracting activity (W912QR-20-C-0033). DEFENSE ADVANCED RESEARCH PROJECTS AGENCY Radiance Technologies Inc,* Huntsville, Alabama, was awarded a $10,110,811 cost-plus-fixed-fee completion contract for a Defense Advanced Research Projects Agency research project for the Secure Advanced Framework for Simulation and Modeling (SAFE-SiM) program. SAFE-SiM seeks to build a government-owned and controlled, faster-than-real time modeling and simulation (M&S) capability for theater-wide, mission-level M&S. This capability would enable rapid analysis supporting senior-level decisions for concept of operations development, force structure composition, resource allocation and targeted technology insertion. Work will be performed in Huntsville, Alabama (50%); Cambridge, Massachusetts (14%); Albuquerque, New Mexico (13%); Chantilly, Virginia (12%); San Diego, California (6%); and Rome, New York (5%), with an expected completion date of August 2021. Fiscal 2020 research, development, test and evaluation funds in the amount of $3,750,000 are being obligated at the time of award. This contract was a competitive acquisition in which 10 offers were received. The Defense Advanced Research Agency, Arlington, Virginia, is the contracting activity (HR0011-20-C-0146). Cole Engineering Services Inc., Orlando, Florida, was awarded a $9,141,146 cost-plus-fixed-fee completion contract for a Defense Advanced Research Projects Agency research project for the Secure Advanced Framework for Simulation and Modeling (SAFE-SiM) program. SAFE-SiM seeks to build a government-owned and controlled, faster-than-real time modeling and simulation (M&S) capability for theater-wide, mission-level M&S. This capability would enable rapid analysis supporting senior-level decisions for concept of operations development, force structure composition, resource allocation and targeted technology insertion. Work will be performed in Orlando, Florida (65%); and Austin, Texas (35%), with an expected completion date of August 2021. Fiscal 2020 research, development, test and evaluation funds in the amount of $3,310,000 are being obligated at the time of award. This contract was a competitive acquisition in which 10 offers were received. The Defense Advanced Research Projects Agency, Arlington, Virginia, is the contracting activity (HR0011-20-C-0144). *Small Business https://www.defense.gov/Newsroom/Contracts/Contract/Article/2324805/source/GovDelivery/

  • Opinion: Are Flat Pentagon Budgets The New Up Or The New Down?

    January 28, 2021 | International, Aerospace, Naval, Land, C4ISR, Security

    Opinion: Are Flat Pentagon Budgets The New Up Or The New Down?

    Byron Callan January 26, 2021 The Biden administration probably will not unveil an outyear spending plan for the Defense Department until the late spring of 2021 at the earliest, and more likely it will come out with the fiscal 2023 budget submission in February 2022. The administration should, however, be commenting on some of the bigger changes as different reviews and assessments are completed before that budget plan is released. Consensus now is that Pentagon spending will be flat at least in the first term of the Biden administration, though analysts are not clear on what this means. Will the Pentagon's budget be unchanged from the level that was appropriated for fiscal 2021? Will it be flat in inflation-adjusted terms, which means it would rise at 2% annually in current dollars? Or will the budget be flat in current dollars, which would entail a roughly 2% annual decline in Pentagon purchasing power, assuming inflation is 2%? Each would have different outcomes for the spending that would flow to contractors. Defense optimists could argue that flat budgets historically have not lasted too long. There were periods in which budgets were flat over 2-4 years annually in the late 1950s, early 1960s and mid-1990s. Flat periods, however, were succeeded by growth—usually because of a crisis or a new military contingency. No one has a working crystal ball that will show what is ahead for the 2020s. There are reasons to believe, however, that the 2020s are different. Although interest rates are at historic lows, the ratio of U.S. debt to GDP is at levels seen during World War II. There is pent-up demand for non-defense discretionary spending—notably for infrastructure, and an aging U.S. population will likely demand more health care and other “social” spending. “Endless wars” in the Middle East may temper Americans' willingness to engage in new overseas missions, unless a major provocation occurs that is akin to the 9/11 attacks. The flat budget period could last longer than the post-World War II era suggests. Is “flat” good for contractors? That depends. Markets started to digest that U.S. defense spending was flattening in 2020. The largest U.S. defense contractors underperformed the S&P 500 in 2020 and are doing so again in the first days of 2021. The initial market verdict is that flat is not good. The assessment might be true, but it is going to depend on two factors: how the Pentagon reallocates resources in a flat budget environment and how contractors change their strategies and portfolios. A flat top-line defense budget could be positive if the Pentagon can successfully cut military personnel and operations and maintenance (O&M) spending. Both are tall tasks. Winding down operations in Afghanistan and the Middle East is not going to free up significant troop numbers, and in any event, both are apt to exert gravitational pulls from which the U.S. cannot easily break free. Global security risks are not going to allow the sort of force structure cuts that occurred at the end of the Cold War and the Korean and Vietnam wars. Readiness and training also will remain a priority in this environment. Spending on military personnel and O&M that keeps pace with inflation may place even more pressure on investment. If those accounts grow at 1-2% annually, in a flat top-line period, that will put even more pressure on investment. Still, while there has been no indication so far, it is conceivable that the Biden administration will propose reductions in force structure and will attack O&M costs with more vigor. It will take 1-2 years at least to realize those savings, but they could be applied to modernize a smaller military. For a number of years, the Pentagon attempted to retire older “legacy” weapon systems in order to fund new investment, but Congress has stymied efforts to muster out older Navy cruisers, aircraft carrier refueling systems and aircraft such as the A-10. The Defense Department could renew this line of attack, but it may be reminded of the old adage that repeating the same thing over and over and expecting a different outcome is the definition of insanity. The Pentagon will have to change its approach here by offering more incentives to states and districts that could be affected by the elimination of squadrons or units, and it has to be more forceful in confronting contractors whose net interests are harmed by such moves. A final thought is how contractors' strategies might change. In 2020 and so far in 2021, outperformance was evidenced by small-to-midsize contractors that appeared better aligned with Pentagon investment priorities in artificial intelligence, autonomy, supply chain resilience and low-cost weapons. The largest contractors may be able to unlock value in a flat top-line environment if they can spin off segments that are stagnant or declining. Sprawling program portfolios are apt to perform more in line with market growth rates, and that is not a recipe for superior performance. https://aviationweek.com/defense-space/budget-policy-operations/opinion-are-flat-pentagon-budgets-new-or-new-down

  • Leaders wrestle with a potent mix: AI and weapons of mass destruction

    November 30, 2024 | International, Land, C4ISR, Security

    Leaders wrestle with a potent mix: AI and weapons of mass destruction

    New technologies can lower the bar for manufacturing dangerous weapons, while also helping watchdog organizations in detecting treaty infractions.

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