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Financial Reports/News
GovCon Index Demonstrated Strong Performance Last Week
by Ireland Degges
Published on March 11, 2024
GovCon Index Demonstrated Strong Performance Last Week

Executive Mosaic’s GovCon Index closed at $4,938.26 last week, a 1.91% increase from the week before.

GovCon Index is an aggregate index that tracks data from 30 key government contracting organizations in real time. This information allows users to assess the performance of each individual company while gaining insights into the broad financial trends shaping the industry today.

AeroVironment soared to the top of last week’s ranks with a 22.56% rise, and V2X experienced an increase of 13.85%. Tetra Tech grew by 5.39%, earning the company the third place slot, and Mercury Systems rose by 4.34%. Palantir (+4.26%) was close behind.

With an increase of 1.21%, Monday was GovCon Index’s highest growth day. These gains continued until Friday, when the GovCon Index dipped by 0.60%.

To get the full story on daily GovCon Index performance, check out last week’s market reports. To access the full list of tracked companies, click here.

Government Technology/News
GSA’s Eric Mill on Draft Emerging Technology Prioritization Framework
by Jane Edwards
Published on March 11, 2024
GSA’s Eric Mill on Draft Emerging Technology Prioritization Framework

Eric Mill, director of cloud strategy within the Technology Transformation Services at the General Services Administration, said the draft Emerging Technology Prioritization Framework from the Federal Risk and Authorization Management Program seeks to ensure that government agencies gain access to the benefits of using secure artificial intelligence and large language models.

In late January, GSA published the draft framework in accordance with the AI executive order signed in October and sought public comments, which are due March 11.

The framework is focused on three emerging tech capabilities that use LLMs: chat interfaces, code-generation and debugging tools and prompt-based image generators.

According to Mill, the framework seeks to help prioritize when it comes to AI and LLMs.

“So part of what you see in the framework is the proposal that we stop at three. When we have three services that are based around chatbots, for example, using generative AI, and we’ve prioritized three of those things, we’re going to stop prioritizing that until we come back around and think again about what the priorities of FedRAMP should be,” the GSA official said.

FedRAMP is witnessing a lot of interest from agencies and vendors concerning AI and LLM services in the cloud and Mill noted that GSA is also aware of potential backlogs as companies begin to ask for their AI tools to go through the evaluation process.

According to the cloud strategy director, GSA is involved in short- and long-term structure changes to ensure that FedRAMP functions at the right pace.

“We very much are intent on making sure that the urgency that we see around accelerating the government’s use of emerging technologies doesn’t compete with those other things. That it doesn’t worsen the problem,” Mill said. “That is part of what we mean when we talk about the prioritization process and some of the limits associated. That’s how we’re ultimately going to make sure that the program stays responsive.”

POC - 5th Annual Artificial Intelligence Summit

Register here to attend the Potomac Officers Club’s 5th Annual Artificial Intelligence Summit on March 21 and hear federal leaders and industry experts discuss the latest developments in the field.

News
DARPA’s Additive Manufacturing of Microelectronic Systems Program Aims for Futuristic 3D Printing
by Jamie Bennet
Published on March 11, 2024
DARPA’s Additive Manufacturing of Microelectronic Systems Program Aims for Futuristic 3D Printing

The Defense Advanced Research Projects Agency introduced a new program to enhance the capabilities and scale up production of defense-related microelectronics using additive manufacturing processes.

The Additive Manufacturing of Microelectronic Systems program, or AMME, will use complex geometries to discover new 3D manufacturing innovations in areas such as multi-material printing and high-speed, sub-micron resolution production.

One of AMME’s goals is to create a 500-nanometer resolution microsystem no bigger than a one-cent coin in three minutes. The project’s researchers are working toward geometries for integrating electrical, mechanical or biological microsystem subcomponents.

Such a technology would enable the Department of Defense to expedite mission requirement response and add features to commercial devices procured by the agency.

“AMME is inspired by new insights from selective material synthesis and volumetric additive manufacturing that would enable a new class of microsystems,” AMME Program Manager Michael Sangillo said. It will also “focus on the commercialization approach, so we can produce a manufacturing system that can be quickly adopted by the broader industrial community, including DOD and other U.S. government organizations.”

Government Technology/News
DIU, ODNI Forge Partnership to Advance Intelligence Technologies; Doug Beck Quoted
by Kacey Roberts
Published on March 11, 2024
DIU, ODNI Forge Partnership to Advance Intelligence Technologies; Doug Beck Quoted

The Defense Innovation Unit and the Office of the Director of National Intelligence have partnered to identify emerging technologies intended to enhance intelligence gathering, analysis and operational capabilities.

DIU said Sunday they will use their collective knowledge, resources and networks to simplify the coordination of industry demand signals and hasten the deployment of innovative technologies.

“Formalizing this relationship is in direct support of DIU’s 3.0 strategic plan –  which includes working with partners across the Department to take advantage of opportunities to generate impact through shared best practices and enhanced teamwork,” said Doug Beck, director of the DIU.

DIU 3.0 is a strategy being employed by the agency using its defense innovation experience and input from stakeholders to meet goals aligned with the Secretary of Defense’s priorities to defend the nation, support personnel and foster collaboration.

This formal agreement was signed during a live panel hosted at the Capital Factory as part of the ongoing South by Southwest 2024 programming in Austin, Texas.

News
Kelvin Moore Named Acting Deputy CIO at Small Business Administration
by Naomi Cooper
Published on March 11, 2024
Kelvin Moore Named Acting Deputy CIO at Small Business Administration

Kelvin Moore, chief information security officer at the Small Business Administration since May 2023, has been named acting deputy chief information officer at SBA, according to his LinkedIn post.

In his previous role, Moore oversaw SBA’s information security policy and advised program offices on the development and maintenance of information technology security measures to protect the agency’s sensitive information.

Moore has more than three decades of military and government industry experience, including a 12-year service in the U.S. Marine Corps.

He previously served as a program manager at the State Department, chief of the Testbed Operations Division at the Defense Information Systems Agency and chief information officer of the Department of the Army.

Prior to joining SBA, Moore was deputy director of the National Cyber Range Complex at the Naval Information Warfare Center Atlantic in Charleston, South Carolina.

POC - 5th Annual CIO Summit

Join the Potomac Officers Club’s 5th Annual CIO Summit on April 17 to hear about the latest modernization strategies from government and industry CIOs. Register here to save your seat at the highly anticipated event.

DoD/News
US Army Integrates Agile Principles into Software Development Approach; Christine Wormuth Quoted
by Jamie Bennet
Published on March 11, 2024
US Army Integrates Agile Principles into Software Development Approach; Christine Wormuth Quoted

The U.S. Army is incorporating lean and agile principles into its software development strategy to meet the branch’s evolving weapons, training and business needs.

The service branch said Saturday that the new approach will include more flexible procurement and contracting processes such as the Software Acquisition Pathway in order to keep up with constantly changing requirements.

The agile software development strategy states four other priorities, particularly writing software requirements based on high-level needs of warfighters, streamlining design to deployment, adopting continuous improvement modeling for sustainment and boosting talent and expertise in creating and maintaining such platforms.

“Software development must be a source of our military advantage and the Army’s new software policy will ensure we have the right processes in place to inject innovation quickly and achieve a digital transformation of our warfighting capabilities,” said Christine Wormuth, secretary of the U.S. Army and two-time winner of the Wash100 award.

DoD/News
Air Force Secretary Frank Kendall on FY 2024 Spending on Top Priorities
by Naomi Cooper
Published on March 11, 2024
Air Force Secretary Frank Kendall on FY 2024 Spending on Top Priorities

Frank Kendall, secretary of the Air Force and a 2024 Wash100 awardee, discussed the service branch’s budget plans for its top priorities, including its plans for reoptimizing the force in an era of great power competition, at the 15th Annual McAleese Defense Programs Conference.

Kendall was optimistic that Congress would pass the spending plan for the fiscal year 2024 and explained that the budget does not include funding specifically for the Air Force’s reoptimization plans and his service chiefs would have to account for the costs associated with the efforts.

“There will be some costs associated with some of the things we’re going to do. We’re going to take active steps to minimize those costs and the disruption for people, but they’re changes we need, and these changes put us in a much better posture,” he said.

Meanwhile, Gen. Michael Guetlein, vice chief of space operations of the U.S. Space Force, highlighted the need for the service branch to secure sufficient resources to stay ahead of competitors including China and Russia

“Not only have they demonstrated the intent to deny our use of space for peace and defense, but in many instances, they have also proven the capability to do so,” Guetlein said.

Government Technology/News
President Biden Signs Package of 6 Appropriations Measures Into Law
by Jane Edwards
Published on March 11, 2024
President Biden Signs Package of 6 Appropriations Measures Into Law

President Joe Biden on Saturday signed into law a package of six appropriations bills that will provide full-year funding for federal departments and agencies through the end of September.

The signing came a day after Congress passed the package, which includes full fiscal year 2024 funding for transportation and commerce, justice and science, SpaceNews reported Saturday.

The legislation will provide $24.9 billion in FY 2024 funding for NASA.

The National Oceanic and Atmosphere Administration’s GOES-R geostationary program and the Polar Weather Satellites program will get $276 million and $342.4 million in funding, respectively.

The Space Weather Follow On program will receive $97.2 million, while the Space Weather Next initiative will get $151.6 million in funds under the appropriations bill.

According to the report, the bill will provide $65 million in funds for NOAA’s Office of Space Commerce, which is responsible for the development of a civil space traffic coordination system.

The Federal Aviation Administration’s commercial space transportation initiatives will get $42 million in funding.

The Fiscal Year 2024 Military Construction, Veterans Affairs and Related Agencies Appropriations Act will provide the Department of Veterans Affairs and associated agencies $172.5 billion in mandatory funding and $135.2 billion in non-defense discretionary funding.

The Senate approved the bipartisan package in a 75-22 vote on Friday. The House voted 339-85 on Wednesday to pass the consolidated appropriations measure.

DoD/News
Pentagon Unveils Investment Strategy for Strategic Capital Office’s 1st Program Activity; Lloyd Austin Quoted
by Jane Edwards
Published on March 11, 2024
Pentagon Unveils Investment Strategy for Strategic Capital Office’s 1st Program Activity; Lloyd Austin Quoted

The Department of Defense has issued an investment strategy outlining the initial priority areas for the Office of Strategic Capital’s first program activity — the Small Business Investment Company Critical Technologies Initiative — in fiscal year 2024.

The strategy describes how OSC will work to advance private investment in 12 critical industries, including nanomaterials and metamaterials; synthetic biology; open RAN; sensor hardware; assembly, testing and packaging; quantum computing; battery storage; and space-enabled services and equipment, DOD said Friday.

According to the document, OSC will work with the Small Business Administration to extend loan guarantees to licensed funds for investments in critical component tech platforms.

In December 2022, DOD established OSC to help technology developers find the capital they need to bring platforms to the military and national security markets.

“This important investment strategy will leverage America’s core advantages in innovation and free enterprise to strengthen our industrial base and invest in tech areas that are critical for national security,” said Lloyd Austin, secretary of DOD and a three-time Wash100 awardee.

News
New Strategy to Guide Intelligence Community OSINT Collection, Use; Avril Haines Quoted
by Naomi Cooper
Published on March 11, 2024
New Strategy to Guide Intelligence Community OSINT Collection, Use; Avril Haines Quoted

The Office of the Director of National Intelligence and the CIA have released a two-year strategy outlining a comprehensive approach to streamlining the collection and use of open-source intelligence, or OSINT, across the U.S. intelligence community.

The Intelligence Community OSINT Strategy for 2024 to 2026 defines four strategic areas of focus: coordinating open-source data acquisition and sharing; establishing integrated OSINT collection management; driving OSINT innovation; and creating the next-generation OSINT workforce, the ODNI said Friday.

The strategy also recognizes the importance of governance and partnerships with industry, academia and international allies to support the OSINT mission.

Avril Haines, director of national intelligence and a 2024 Wash100 awardee, said the strategy sets the stage to “professionalize the OSINT discipline, transform intelligence analysis and production” within the intelligence community.

“In this pivotal moment, when OSINT is increasingly important and growing in demand, an IC-wide OSINT strategy is key to helping the IC move forward in a coordinated and determined way,” said CIA Director William Burns.

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