Palo Alto Networks Discloses More Details on Critical PAN-OS Flaw Under Attack

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  June 5, 2020 | International, Aerospace, C4ISR

  CACI Awarded $1.5 Billion Contract to Provide Transport and Cybersecurity Services to National Geospatial-Intelligence Agency

  June 4, 2020 - CACI International Inc (NYSE: CACI) announced today that it has been awarded its largest contract in company history, a single-award Indefinite Delivery Indefinite Quantity (IDIQ) contract to provide transport and cybersecurity services to the National Geospatial-Intelligence Agency (NGA). The single award IDIQ has a base period of five years plus five 1-year award term periods with a ceiling of $1.5 billion. Under the contract, CACI will provide enterprise Information Technology (IT) services to NGA and its mission partners. Specifically, CACI network and cybersecurity experts, located at NGA's headquarters and facilities in Springfield, VA, St. Louis, MO, and around the globe, will help design, engineer, procure, implement, operate, sustain, and enhance NGA networks and cybersecurity posture. The contract encompasses a significant expansion of CACI's continuing business with the NGA. CACI will also help NGA create efficiencies by making available an expansive service and material catalog to the agency that streamlines the acquisition of IT services from weeks to days for streamlined customer support. John Mengucci, CACI President and Chief Executive Officer, said, “This record award demonstrates CACI is delivering on its strategy to win larger, more enduring contracts. It also represents our steadfast commitment to protecting and defending our nation's networks so the NGA can deliver mission-critical geospatial intelligence to the warfighter around the globe.” CACI Executive Chairman and Chairman of the Board Dr. J.P. (Jack) London, said, “CACI is proud to support the NGA's mission of collecting, analyzing, and distributing geospatial intelligence in support of national security. Our work will always reflect CACI's culture of character, ethics, and integrity.” CACI's 23,000 talented employees are vigilant in providing the unique expertise and distinctive technology that address our customers' greatest enterprise and mission challenges. Our culture of good character, innovation, and excellence drives our success and earns us recognition as a Fortune World's Most Admired Company. As a member of the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index, we consistently deliver strong shareholder value. Visit us at www.caci.com. There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the risk factors set forth in CACI's Annual Report on Form 10-K for the fiscal year ended June 30, 2019, and other such filings that CACI makes with the Securities and Exchange Commission from time to time. Any forward-looking statements should not be unduly relied upon and only speak as of the date hereof. CACI-Contract Award View source version on businesswire.com: https://www.businesswire.com/news/home/20200604005132/en/

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  February 6, 2019 | International, Aerospace, Naval, Land, C4ISR, Security, Other Defence

  Germany’s plan to boost defense spending hits a snag

  By: Sebastian Sprenger COLOGNE, Germany — Germany may be unable to deliver on its pledge to increase the defense budget due to smaller-than-expected economic growth, according to a new Finance Ministry analysis. The projections peg the military budget to be several billion euros short of the trajectory to meet the government's goal of reaching 1.5 percent of gross domestic product by 2024. Analysts even see the current spending curve unable to sustain 1.35 percent in the years ahead. NATO members in 2014 agreed to boost their defense spending to 2 percent of GDP within 10 years. Germany's defense budget is roughly €43 billion (U.S. $49 billion) for 2019, or about 1.2 percent of GDP. That is a boost of €4 billion over the previous year. Defence Minister Ursula von der Leyen on Monday said Germany remains committed to hitting the self-declared 1.5 percent target in 2024. She portrayed the Finance Ministry's analysis as a mere first step toward a budget proposal negotiated by Cabinet secretaries. The government is expected to unveil such a plan in late March. The Trump administration has often criticized Germany for underspending on defense, arguing Berlin rides on American coattails when it comes to security. News that the country's spending target is at risk is sure to embolden the narrative in Washington that Europe is somehow taking advantage of the United States. It could weaken the negotiating position of German government delegates at two high-profile events in mid-February: a meeting of NATO defense ministers in Brussels, and the Munich Security Conference. The Finance Ministry's economic outlook estimates that agencies will have to reconcile new spending priorities within their previously established budget targets. That means no fresh money would become available for the government's push on artificial intelligence, for example, according to the document. https://www.defensenews.com/global/europe/2019/02/05/germanys-plan-to-boost-defense-spending-hits-a-snag/

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  October 22, 2021 | International, Naval

  Eastern Shipbuilding opens new C5I integration facility for offshore patrol cutter

  With the offshore patrol cutter slated to get a top-of-the-line C5ISR system, Northrop Grumman and its industry partners will work through integrating the whole system at this spacious new facility ahead of installing the gear onto the ship hulls themselves, to catch any integration hiccups early and save time and money during sea trials.