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Financial Reports/News
CAE Reports Q1 Financial Results; Marc Parent Quoted
by Sarah Sybert
Published on August 14, 2020
CAE Reports Q1 Financial Results; Marc Parent Quoted

CAE has released its first quarter fiscal year 2021 financial results, reporting a revenue of $550.5 million, compared with $825.6 million in the first quarter last year, CAE announced on Wednesday. 

"CAE has shown considerable agility and resiliency, having significantly mitigated our loss position and maintained a solid financial base in the first quarter, amid the most challenging conditions our company has ever faced,” said Marc Parent, CAE's president and chief executive officer. 

CAE reported its first quarter net loss of $110.6 million, compared to a net income of $61.5 million last year. The company’s first quarter segment operating loss was $110.3 million compared with a segment operating income of $110.9 million in the first quarter of last year. 

The company’s segment operating loss before specific items in the first quarter of fiscal 2021 was $2.1 million compared with a segment operating income of $113.3 million last year. CAE’s backlog remains at $8.6 billion. 

CAE’s first quarter Civil revenue was $248.0 million, down 48 percent compared to the same quarter last year. Segment operating loss was $97.9 million compared to a segment operating income of $98.6 million in the first quarter last year. 

First quarter segment operating loss before specific items was $16.2 million, down 116 percent compared to the first quarter last year. The company’s civil division delivered 2 full-flight simulators (FFSs) to customers and first quarter Civil training centre utilization was 33 percent. CAE reported that utilization averaged 41 percent in June and has since continued to be approximately 40 percent.

The company’s defense unit revenue was $280.2 million, down 13 percent compared to the same quarter last year and segment operating loss was $9.2 million compared to a segment operating income of $15.1 million in the first quarter last year. First quarter segment operating income before specific items was $17.3 million, up 15 percent compared to the first quarter last year.

CAE’s first quarter Healthcare revenue was $22.3 million, down 19 percent compared to $27.5 million in the same quarter last year, and first quarter segment operating loss was $3.2 million, compared to a loss of $2.8 million in the first quarter last year.

CAE recorded non-operational costs of $108.2 million during the first quarter of fiscal 2021 relating mainly to impairment charges on property, plant and equipment, intangible assets and certain financial assets as a result of the continued negative impacts of the COVID-19 pandemic.

"We continue to view the current fiscal year as a tale of two halves, with the first half of the year marked by lower demand and disruptions, and the second half, to potentially begin to inflect more positively," Parent concluded.

News/Press Releases
SBA Updates CDC 504 Loan Program; William Manger Quoted
by Sarah Sybert
Published on August 14, 2020
SBA Updates CDC 504 Loan Program; William Manger Quoted

The U.S. Small Business Administration (SBA) has announced the updated interest rates for the 504 Loan Program offered by Certified Development Companies (CDC), the administration reported on Friday. 

"These are very encouraging terms and very supportive of our nation's goal to bounce-back from COVID-19," said William Manger, SBA chief of staff and associate administrator for the Office of Capital Access.  "CDCs are the driving force behind the 504 Loan Program. The longer terms and low interest rates support and encourage entrepreneurs to step outside of the box and look at real investments.”

Under SBA’s revisions, small businesses will be able to apply for the lowest interest rates since July 2018. The program will provide 20 and 25-year interest rates at 2.214 percent and 2.269 percent, respectively. The loan program has been authorized under Title V of the Small Business Investment Act of 1958. 

SBA has adjusted the program to meet the administration’s core mission of providing long-term financing to small businesses for the purchase or improvement of land, buildings and major equipment, to facilitate the creation or retention of jobs and to support local economic development.  

“We are pleased that the 504 Loan Program continues to show double-digit year-over-year growth, especially in these extraordinary times," added Manger. 

About the U.S. Small Business Administration

The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations.

Government Technology/News
Quantum Launches Tech Solution, Leveraging Cloud-Based Analytics; Bruno Hald, David Harvey Quoted
by Sarah Sybert
Published on August 14, 2020
Quantum Launches Tech Solution, Leveraging Cloud-Based Analytics; Bruno Hald, David Harvey Quoted

Quantum has launched a new software with advanced features and capabilities for DXi backup appliances to improve backup, restore system performance and monitor systems remotely utilizing cloud-based analytics, the company reported on Tuesday. 

"Backup efficiency continues to be a vital priority for Enterprises seeking to make the most of their datacenter resources while protecting increasingly distributed environments. These significant new software feature enhancements optimize performance with bandwidth and interface improvements, enabling DXi appliances to integrate much more tightly with backup applications," said Bruno Hald, general manager of Secondary Storage, Quantum. 

Quantum’s DXi 4.1 software will integrate Veeam Backup & Replication v10 to enable faster synthetic full backups in Veeam environments to increase efficiencies for enterprises. Quantum’s software will leverage Veeam Backup and Replication v10 Fast Clone technology to accelerate synthetic full backup performance.  

The partnership will advance the creation of synthetic full backups, and reduce disk space requirements and load on storage devices. Quantum DXi systems will also connect to Quantum's Cloud-Based Analytics (CBA) software, a cloud-based services tool that enables end-to-end integrated communication between Quantum systems and Quantum product and service experts. 

CBA software will enable administrators to monitor system health remotely through a secure cloud-based portal. The addition will provide administrators with a central portal to monitor and track system and environment health and statistics, providing a proactive view into backup environments.

"Quantum DXi continues to develop as a valued tool for protecting vital Enterprise data. The combination of Veeam Backup & Replication v10 and Quantum DXi 4.1 software really moves data protection a step forward with a simple, flexible, and reliable solution for hybrid-cloud environments," said David Harvey, VP of Strategic Alliances, Veeam.

About Quantum

Quantum technology and services help customers capture, create and share digital content – and preserve and protect it for decades. With solutions built for every stage of the data lifecycle, Quantum's platforms provide the fastest performance for high-resolution video, images, and industrial IoT. That's why the world's leading entertainment companies, sports franchises, researchers, government agencies, enterprises, and cloud providers are making the world happier, safer, and smarter on Quantum. Quantum is listed on Nasdaq (QMCO) and was added to the Russell 2000® Index on June 26, 2020.

Government Technology/News
US Navy’s Cyber Command Unveils Strategic Plan 2020-2025; Vice Adm. Timothy White Quoted
by Jane Edwards
Published on August 14, 2020
US Navy’s Cyber Command Unveils Strategic Plan 2020-2025; Vice Adm. Timothy White Quoted

The U.S. Navy’s Fleet Cyber Command/10th Fleet has issued a strategic plan for the next five years, recognizing the need for the service to have “more resilient and hardened” networks against adversaries during a crisis.

“I am certain the opening rounds of a 21st century great power conflict, particularly one impacting the maritime domain, will be launched in the electromagnetic, space, or cyber domains,” Vice Adm. Timothy "T.J." White, the command’s chief, said in a foreword to the strategic plan. “If the Navy is to fight and win, Navy networks must be able to survive those hits and ‘fight hurt.’ Our people must be trained and exercised to fight through those hits.”

White added that the service must ensure that its networks “remain a key advantage for the Fleet during times of lethal combat.” The latest plan’s vision consists of three primary elements: ensuring first mover advantage in full-spectrum information warfare; fighting and winning in a fully contested battlespace, as well as promoting modernization and innovation.

The command made some minor changes to the 2015-2020 strategic plan’s five goals to reflect the maturation of information warfare and shift to great power competition. These goals are operating the network as a warfighting platform, performing fleet cryptologic warfare, delivering warfighting capabilities and effects, accelerating the Navy’s cyber forces and establishing and maturing Navy Space Command.

Government Technology/News
House Lawmakers Propose $28B State and Local IT Modernization and Cybersecurity Act; Rep. Jim Langevin Quoted
by Jane Edwards
Published on August 14, 2020
House Lawmakers Propose $28B State and Local IT Modernization and Cybersecurity Act; Rep. Jim Langevin Quoted

Several House lawmakers have introduced a bill that would allocate $28 billion in federal funds to modernize and improve the security of information technology systems of state and local government agencies in response to a recommendation by the Cyberspace Solarium Commission in a recent white paper.

The State and Local IT Modernization and Cybersecurity Act would establish the Modernizing IT Program, Public Health Emergency IT Modernization Grant Program, a State and Local Cybersecurity Grant Program.

The Modernizing IT Program seeks to distribute $25 billion in grants to help state and local government agencies facilitate the digital delivery of emergency, administrative, benefit and entitlement services, while the Public Health Emergency IT Modernization Grant Program intends to provide $1 billion in funds to help agencies cover COVID-19 expenses for IT services and equipment.

The third grant program will allot $2 billion in funds for fiscal years 2021 through 2025 to help agencies implement a state cybersecurity plan to address cyber threats.

“In our initial report, the Solarium Commission recognized that outdated state and local government systems were attractive targets for our adversaries and that we needed to help them migrate to secure, cloud-based infrastructure,” Rep. Jim Langevin (D-R.I.), a Cyberspace Solarium commissioner and senior member of the House Homeland Security Committee, said in a statement published Thursday.

“The State and Local IT Modernization and Cybersecurity Act will dramatically improve e-government services, protect workers, and significantly enhance security," he added. 

Other proponents of the bill are Solarium co-chairs Sen. Angus King (I-Maine) and Reps. Mike Gallagher (R-Wis.) as well as Reps. Cedric Richmond (D-La.), Will Hurd (R-Texas), C. A. Dutch Ruppersberger (D-Md.), Michael McCaul (R-Texas), Max Rose (D-N.Y.) and Don Bacon (R-Neb.).

Government Technology/News
FPDS Reports Function Migration to Beta SAM Website to Conclude by Mid-October
by Jane Edwards
Published on August 14, 2020
FPDS Reports Function Migration to Beta SAM Website to Conclude by Mid-October

The General Services Administration (GSA) expects to complete the transfer of the Federal Procurement Data System’s reports functions – administrative, standard, ad hoc and static – to the System for Award Management’s beta website by Oct. 17.

An Aug. 3 update says users will no longer run and create contract data reports and reports module on the FPDS website on that date. FPDS will retain other functions.

GSA wants users to provide feedback and review reference guides and frequently asked questions and watch training videos as they access reports on the beta SAM website.

The FPDS reports migration concludes an agile iterative improvement and soft launch process that started in March.

Government Technology/News
Army Researchers Study Ultraviolet Communications for Network Security
by Nichols Martin
Published on August 13, 2020
Army Researchers Study Ultraviolet Communications for Network Security

The U.S. Army is looking into the characteristics of ultraviolet communication systems with regard to how the technology can boost network security. Army Research Laboratory said Tuesday that ultraviolet communication technology increases the stealth of transmissions against threats.

ARL developed an ultraviolet communication analysis framework that builds on applicable simulations, theories and modeling. Robert Drost, an ARL scientist, said UVC offers low-probability-of-detection hinted by the high-rate atmospheric absorption of deep-UV wavelengths.

“In order to fully take advantage of this characteristic, a rigorous understanding of the LPD properties of UVC is needed," Drost said.

The effort's team will continue to study the UVC concept and work to transition the technology in partnership with Combat Capabilities Development Command’s Command, Control, Computers, Communications, Cyber, Intelligence, Surveillance and Reconnaissance Center.

Government Technology/News/Press Releases
AFRL Unveils Augmented Learning Tech Dev’t Project
by Matthew Nelson
Published on August 13, 2020
AFRL Unveils Augmented Learning Tech Dev’t Project

The Air Force Research Laboratory (AFRL) is currently developing an augmented learning system designed to help warfighters accelerate learning activities.

The Neural Learning System will work to help users rapidly acquire new knowledge and skills through closed-loop modulation of cognitive states, the U.S. Air Force said Wednesday.

Nathaniel Bridges, research biomedical engineer and neural interface team lead at AFRL, said the platform will employ neural signals to create algorithms that could assist researchers in determining the optimal brain state for learning.

Bridges added the team will produce a hybrid brain-machine interface to collect data on brain activity via the use of magnetoencephalography and electroencephalography.

Cybersecurity/Government Technology/News
CISA Warns on Cyber Actor Posing as Small Business Administration
by Nichols Martin
Published on August 13, 2020
CISA Warns on Cyber Actor Posing as Small Business Administration

The Cybersecurity and Infrastructure Security Agency is investigating a cybercriminal who has used phishing emails posing as messages from the Small Business Administration.

The emails contain a fake link pretending to be for SBA's COVID-19 loan relief, CISA said Wednesday. The malicious actor attempts to steal credentials through this method of fraud.

These emails are subject-labeled "SBA Application – Review and Proceed" and come from a sender known as "disastercustomerservice@sba.gov." The malicious link leads to a website "leanproconsulting.com."

Analysts said the emails have been sent to entities from state, local and federal governments.

CISA advises concerned organizations to observe a number of practices such as placing warning banners on all external emails, deleting suspicious email attachments and restricting software installation permissions.

GSA/News/Press Releases
GSA Looks to Expand Agency Engagements for CoE Program; David Peters Quoted
by Brenda Marie Rivers
Published on August 13, 2020
GSA Looks to Expand Agency Engagements for CoE Program; David Peters Quoted

The General Services Administration (GSA) is working to expand its Centers of Excellence (CoE) initiative to agency partners beyond the Department of Agriculture (USDA), Office of Personnel Management (OPM) and Department of Housing and Urban Development (HUD), FedScoop reported Wednesday.

David Peters, deputy executive director for the CoE program at GSA, told attendees at the recent FedInsider event that his office first considers key areas needed for agencies to fulfill mission goals before partnering with stakeholders. He cited topic areas such as artificial intelligence, data analytics and robotic process automation (RPA) as common subjects for agency efforts.

“I wouldn’t really say there’s a playbook, but there’s definitely strategies that can be applied to address the specific mission, resources, funding source of where a customer is and what they want to improve — including how they measure it,” Peters said.

GSA has been collaborating with agencies for nine CoE engagements to date, according to the publication.

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ExecutiveGov, published by Executive Mosaic, is a site dedicated to the news and headlines in the federal government. ExecutiveGov serves as a news source for the hot topics and issues facing federal government departments and agencies such as Gov 2.0, cybersecurity policy, health IT, green IT and national security. We also aim to spotlight various federal government employees and interview key government executives whose impact resonates beyond their agency.

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