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News
SBA Partners With Bankers Association for Finance & Trade to Help Exporters Access Capital
by Jamie Bennet
Published on December 16, 2022
SBA Partners With Bankers Association for Finance & Trade to Help Exporters Access Capital

The Small Business Administration has entered into a strategic alliance memorandum with the Bankers Association for Finance and Trade to train and guide small business exporters and lenders on available financing opportunities.

SBA Administrator Isabella Casillas Guzman signed the agreement on Wednesday, attributing the initiative to the Biden administration’s pledge to support small enterprises.

The agency’s Office of International Trade currently provides small and midsized exporters access to capital, education and technical assistance in an aim to boost their products’ dollar value and encourage more companies to trade abroad. The strategic alliance with BAFT is expected to help address challenges in financing related to international trade.

“SBA’s new agreement with BAFT recognizes the impact and ingenuity of our small business exporters and the important role our lending partners play in funding their growth,” Guzman said. “Our joint efforts to increase resources to BAFT members and grow the number of lenders offering SBA international trade products will expand access to capital.”

Contract Awards/News
Dave Levy: AWS is Honored to Offer Cloud Services Under DOD JWCC Contract Vehicle
by Ireland Degges
Published on December 16, 2022
Dave Levy: AWS is Honored to Offer Cloud Services Under DOD JWCC Contract Vehicle

Earlier this month, Amazon Web Services was selected for the potential $9 billion Department of Defense Joint Warfighting Cloud Capability contract vehicle alongside three other organizations.

The JWCC initiative is designed to provide military personnel with enterprise-wide, globally available cloud offerings spanning all security domains and classification levels, from the strategic level to the tactical edge.

“We are honored to have been selected for the Joint Warfighting Cloud Capability contract and look forward to continuing our support for the Department of Defense,” said Dave Levy, vice president of U.S. government, nonprofit and healthcare at AWS and four-time Wash100 Award winner.

JWCC is a multiple award, indefinite-delivery/indefinite-quantity contract vehicle meant to enable the department to acquire commercial cloud capabilities and services directly from their providers to quickly meet mission needs.

In a blog post, Levy noted the specific offerings AWS has for the program, which include data support across all classification levels, available and resilient services, fortified security, data availability at the tactical edge, mainframe migration and modernization and cloud training and education.

“From the enterprise to the tactical edge, we are ready to deliver industry-leading cloud services to enable the DOD to achieve its critical mission,” the executive stated.

AWS has recently worked to expand its cloud services work with the department and holds almost a decade of experience handling federal workloads. Earlier this year, the company’s Wickr tool, an encrypted full suite collaboration application, was made available on the DOD’s Cloud One platform.

More recently, FSx for ONTAP, which is offered by a collaboration between AWS and NetApp, achieved FedRAMP validation and reached levels two, four and five of the DOD Cloud Computing Requirements Guide. These certifications opened the data and storage service for use within federal agencies.

Cybersecurity/News
NSA’s 2022 Cybersecurity Year in Review Highlights Growing Partnerships; Rob Joyce Quoted
by Jamie Bennet
Published on December 16, 2022
NSA’s 2022 Cybersecurity Year in Review Highlights Growing Partnerships; Rob Joyce Quoted

The National Security Agency has released its annual Cybersecurity Year in Review, focusing on partnerships to improve the agility of its IT defense efforts.

One of the report’s findings was the growth in the Cybersecurity Collaboration Center’s industry partnerships, exceeding 300 collaborations in the past 12 months, NSA said Thursday.

The 2022 Year in Review highlighted the agency’s Adversary Defeat team, which takes part in whole-of-government campaigns against cyberthreats from U.S. adversaries. It also touched on international and domestic collaborations to publish defensive actions and address obstacles in quantum computing.

NSA reported that it launched the Commercial National Security Algorithm Suite 2.0, detailing the future requirements for quantum-safe cryptographic algorithms for the benefit of network security service owners, operators and vendors. In the past year, the agency also funded several education programs, from the CodeBreaker Challenge to the National Centers of Academic Excellence in Cybersecurity.

“By protecting the U.S. Government’s most sensitive networks, we cascade solutions that help secure critical infrastructure, U.S. allies, and businesses and consumers around the world,” said Rob Joyce, NSA cybersecurity director and two-time Wash100 awardee. “Our efforts to protect those networks help protect yours.”

M&A Activity/News
Maxar to Go Private in $6.4B All-Cash Advent International Acquisition; Dan Jablonsky Quoted
by Ireland Degges
Published on December 16, 2022
Maxar to Go Private in $6.4B All-Cash Advent International Acquisition; Dan Jablonsky Quoted

Maxar Technologies, a space and geospatial intelligence-focused company, has agreed to be acquired by Advent International, a global private equity investor.

The all-cash transaction worth approximately $6.4 billion is aimed at positioning Maxar to accelerate its investments into satellite technologies and data understanding to better support its customers in both the public and private sectors, the two organizations announced from Westminster, Colorado and Boston, Massachusetts on Friday.

Commenting on Maxar’s definitive merger agreement with Advent, Dan Jablonsky, president and CEO of Maxar and a Wash100 Award winner, said, “Today’s announcement is an exceptional outcome for stockholders and is a testament to the hard work and dedication of our team, the value Maxar has created and the reputation we have built in our industry.”

As determined by the agreement, Advent will acquire all outstanding shares of Maxar common stock for $53.00 per share in cash. This represents a premium of approximately 129 percent over Maxar’s closing stock price of $23.10 on Dec. 15, an approximately $135 percent premium to the 60-day volume-weighted average price prior to this announcement and a premium of approximately 34 percent over Maxar’s 52-week high.

The transaction will enable Maxar to leverage Advent’s reservoir of resources, operational experience and capacity for investment to further its initiatives including delivering the new Legion satellite constellation and launching Legion 7 and 8 satellites as well as expanding its Earth Intelligence and Space Infrastructure business through investments in future capabilities.

“Maxar’s mission has never been more important, and this transaction allows us to maximize value for stockholders while accelerating the company’s ability to deliver its mission-critical technology and solutions to customers over the near and long term,” emphasized Howell Estes, a retired U.S. Air Force general who currently serves as chair of Maxar’s board of directors.

Under the agreement, Maxar shareholders will receive $53 in cash for each share of common stock they own. The terms also include a 60-day go-shop period running through Feb. 14, in which Maxar’s board of directors will be able to actively initiate, solicit and consider acquisition proposals from third-party entities and will reserve the right to terminate the merger agreement to enter a preferable proposal subject to the terms and conditions of the merger agreement.

Maxar’s board unanimously approved the agreement for the deal, which is expected to be completed in mid-2023.

Following the close of the transaction, Maxar’s common stock will no longer be publicly traded. The transaction is subjected to customary closing traditions and is not subject to any conditionality regarding the launch, deployment or performance of Maxar’s WorldView Legion satellite initiative.

To ensure closing certainty, Advent has arranged committed debt and equity financing commitments to finance this transaction. Funding advised by Advent has committed an aggregate equity contribution of $3.1 billion. British Columbia Investment Management Corporation will provide a minority equity investment through a committed aggregate equity contribution equal to $1 billion. Both commitments are on the terms and subject to the conditions determined in the signed equity commitment letters.

Cybersecurity/News
European Commission Releases Draft Decision on EU-US Data Privacy Framework; Gina Raimondo Quoted
by Jane Edwards
Published on December 15, 2022
European Commission Releases Draft Decision on EU-US Data Privacy Framework; Gina Raimondo Quoted

The European Commission has issued its draft adequacy decision on a new framework that seeks to promote and ensure safe transfers of personal data from the European Union to U.S. companies. 

The commission said Tuesday the draft decision on the EU-U.S. Data Privacy Framework comes following the October release of an executive order to improve safeguards for U.S. signals intelligence activities, along with regulations adopted by the U.S. attorney general.

The draft decision has been handed over to the European Data Protection Board for its opinion. The European Parliament and EU member states will have the opportunity to scrutinize and approve the draft before the commission can issue a final adequacy decision.

U.S. Commerce Secretary Gina Raimondo said the draft decision marks a key step in addressing the EU court of justice’s ruling in the Schrems II case in 2020.

“Under the Framework, the United States has implemented strengthened safeguards for signals intelligence activities, developed a new redress mechanism, and updated privacy principles for U.S. organizations,” she noted.

“We are confident that these measures will restore stability to the data flows that thousands of U.S. and EU firms depend on – the lifeblood of the $7.1 trillion transatlantic economy,” Raimondo added.

Cybersecurity/News
Interagency Task Force Reviews Actions to Reduce Impact of Ransomware Incidents in 2nd Meeting
by Jane Edwards
Published on December 15, 2022
Interagency Task Force Reviews Actions to Reduce Impact of Ransomware Incidents in 2nd Meeting

The Joint Ransomware Task Force held Wednesday its second meeting and assessed measures and efforts carried out by working groups to address the impact and prevalence of ransomware incidents.

Some of these efforts are standardizing federal engagement with ransomware victims to provide services and evaluate gaps, gathering data to improve the cybersecurity community’s understanding of ransomware and trends related to threat actors and victims and broadening multidirectional intelligence sharing between JRTF members and nongovernmental partners, the Cybersecurity and Infrastructure Security Agency said Thursday.

CISA and the FBI co-chaired the meeting, which also cited working groups’ efforts to examine lessons learned from ransomware incidents to help enhance the federal government’s cyber response and initiatives to improve intelligence integration and better coordinate interagency campaigns to bolster national defense against ransomware activities.

Eric Goldstein, executive assistant director for cybersecurity at CISA and co-chair of JRTF, said the task force has made key strides in establishing a foundation to advance shared initiatives against ransomware threats.

“We will continue to accelerate progress and work closely with partners across the cybersecurity community to drive measurable progress in reducing the prevalence of damaging ransomware events affecting American organizations,” Goldstein added.

Bryan Vorndran, assistant director of FBI’s cyber division and co-chair of JRTF, said the bureau, along with its federal partners, is determined to use its capabilities to counter ransomware threats.

“The JRTF demonstrates how the FBI sees cyber as the ultimate team sport and remains committed to public and private partnerships integral to dismantling ransomware networks and holding criminal actors accountable.”

The task force held its first meeting in September.

Cybersecurity/News
OMB Will Take Industry Feedback on Cybersecurity Standards
by Regina Garcia
Published on December 15, 2022
OMB Will Take Industry Feedback on Cybersecurity Standards

Steve Kelly, a senior director for cybersecurity and emerging technology on the National Security Council, said the U.S. Office of Management and Budget will soon take feedback from industry experts for its planned rollout of new cybersecurity standards, FedScoop reported Wednesday.

Kelly discussed the industry consultation during the Fortinet Federal Security Transformation Summit on Dec. 8 and adds that OMB is partnering with software providers as it introduced the new standards.

“OMB is working closely with agencies to ensure a consistent approach to implementation, and [we] plan to soon host a listening session with software makers and other interested parties to continue to take their feedback on some of the language,” said Kelly.

OMB is set to publish the minimum cybersecurity requirements for vendors by January 2023.

News/Space
Space Force Officially Deactivates Lockheed-Built Military Communications Satellite
by Naomi Cooper
Published on December 15, 2022
Space Force Officially Deactivates Lockheed-Built Military Communications Satellite

The U.S. Space Force’s 4th Space Operations Squadron has officially retired and placed in a disposal orbit a satellite designed to provide high-volume, secure voice and data communications, due to the culmination of its operational life.

The Lockheed Martin-built Defense Satellite Communications Systems III satellite B7 spent nearly three decades working as part of a geosynchronous orbit military satellite constellation to provide high-priority communication capabilities to the Department of Defense, the Space Force said Wednesday. 

B7’s retirement began in October when the Space Operations Command took over the responsibility of the satellite from U.S. Space Command.

Col. Jay Steingold, chief of the SATCOM Mission Area Team chief, said B7 will remain in the supersynchronous orbit “until new methods are developed to address the issue of space junk permanently.”

Launched in 1995, B7 surpassed its initial 10-year design life by 15 years. The Space Force attributed the satellite’s extended service life to its engineers and operators.

Industry News/News
Senate Approves Measure Banning TikTok Use on Government Devices
by Kacey Roberts
Published on December 15, 2022

The U.S. Senate on Wednesday unanimously approved a bill that would prevent federal employees from installing or using the Chinese social media app TikTok on official devices, Reuters reported.

The bill will need to pass in the House of Representatives before the current congressional session ends next week and receive final approval from President Biden to become law.

According to the legislation’s sponsor Sen. Josh Hawley, R-Mo., “TikTok is a major security risk to the United States, and it has no place on government devices.”

Hawley re-introduced the bill in legislation in 2021 after a similar measure that the Senate passed in a prior Congress failed to advance in the lower chamber.

A day before the Senate approval, Sen. Marco Rubio, R-Fla., has proposed a bipartisan bill that would prohibit TikTok from operating in the U.S. amid national security threats.

Government Technology/News
AFRL, Partners Develop Wearable Biomolecular Sensor Technology for Warfighters
by Naomi Cooper
Published on December 15, 2022
AFRL, Partners Develop Wearable Biomolecular Sensor Technology for Warfighters

The Air Force Research Laboratory, in collaboration with the Nano Bio-Materials Consortium and Case Western Reserve University, has developed wearable sensor technology designed to track warfighters’ health status. 

Air Force Materiel Command said Wednesday research efforts from the Biomolecular Structure and Integration for Sensors program resulted in the founding of private company Sensate Biosystems, which will develop the technology for applications in the commercial market.

Lawrence Drummy, a senior materials engineer in the materials and manufacturing directorate and BioSIS technical lead, said that the technology will work to ensure warfighters’ safety during critical missions by sensing when they become stressed, excessively fatigued or hyper-stimulated.

“These wearable sensors can take on a variety of forms such as mouthguards, patches applied to the skin or microneedle patches that just penetrate the epidermis into the interstitial fluid, for example,” Drummy explained.

He added that the technology offers advanced human monitoring capabilities that can enable commanders to make more informed decisions.

The BioSIS program included AFRL’s Materials and Manufacturing Directorate, the 711th Human Performance Wing, the NBMC and Case Western Reserve University.

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