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SAIC Reveals Four Percent Growth in Fiscal Year Report; CEO Nazzic Keene Quoted
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SAIC Reveals Four Percent Growth in Fiscal Year Report; CEO Nazzic Keene Quoted

Science Applications International Corporation has released its financial report for the fourth quarter and its full fiscal year 2022, which concluded on January 28, 2022.

The defense and space contractor said Monday that fourth quarter revenue was $1.8 billion, a four percent uptick from the previous year and fiscal year revenue was $7.4 billion, which constituted five percent growth.

“I am proud of the team’s performance in fiscal year 2022 with financial results reflecting our commitment to the mission while delivering value to shareholders,” said Nazzic Keene, CEO of SAIC and a five-time winner of the Wash100 Award.

The company reported that fourth quarter revenues increased by $65 million from the prior year quarter and full year revenues increased by $338 million compared to the previous year. This was primarily attributable to SAIC’s purchase of Halfaker and Associates – a technology services provider – and new contract awards (including a fourth quarter U.S. Army award).

SAIC’s operating income as a percentage of revenues came in at a slight decrease in its fourth quarter in comparison to the same period in the preceding year as a result of necessary acquisition and integration fees. Full fiscal year operating income as a percentage of revenue was up by 0.7 percent, however, from 5.5 percent in the 2021 fiscal year to 6.2 percent in 2022.

Adjusted EBITDA as a percentage of revenues was 8.2 percent for SAIC during the final three months of the fiscal year, down from 9.3 percent in the same period the prior year. This was because of increased indirect costs and an offset of net contract adjustments.

Adjusted EBITDA as a percentage of revenues for the fiscal year was 9.3 percent, a 0.4 percent increase from the previous year’s 8.9 percent, fueled by amortization of off-market liability contracts and across the board contract gains.

The company’s book to bill ratio amounted to 1.2 for the fourth quarter and 1.3 for the fiscal year 2022. A notable fourth quarter contract was a $1.1 billion U.S. Naval Sea Systems Command award.

Keene laid out that in the coming year, SAIC’s objectives lie in “positioning our portfolio to maximize value for all stakeholders.”

“The outlook we are providing demonstrates our ability to increase free cash flow and capital returns to shareholders while investing internally to drive growth,” Keene concluded.

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State Department to Implement New Data Scientist Hiring Process; Garrett Berntsen Quoted
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State Department to Implement New Data Scientist Hiring Process; Garrett Berntsen Quoted

The State Department’s Bureau of Global Talent Management and Center for Analytics will host a webinar in April to disseminate information on a new job application process meant for data scientists, FedScoop reported Friday.

Applicants will take the Subject Matter Expert Qualification Assessment to become qualified for their targetted role.

“We were looking for people with programming skills, who could do statistics but also understood the mission of the department and could apply data and data science to foreign policy and mission challenges — which is mostly what our office tackles,” said Garrett Berntsen, the department’s deputy chief data officer.

The new certification process follows last year’s joint hiring announcement certification, in which 10 states participated. Other State Department agencies interested in joining CfA must hire qualifiers by April 1.

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Lumen Technologies Taps Chris Stansbury to Lead Finance Operations as CFO; CEO Jeff Storey Quoted
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Lumen Technologies Taps Chris Stansbury to Lead Finance Operations as CFO; CEO Jeff Storey Quoted

Chris Stansbury, a former Arrow Electronics executive, has been selected as chief financial officer of Lumen Technologies.

In his new role, effective April 4th, Stansbury will oversee and direct Lumen’s assets and financial operations, the Monroe, Louisiana-based information technology company said Monday.

Jeff Storey, president and CEO of Lumen, shared that Stansbury will help to expand the company’s revenue and drive growth after the company has recently closed two noteworthy divestitures.

“It is a natural time for us to find the leader best positioned to achieve our goals. Chris’ leadership and financial acumen bring a unique skill set to our company as we scale the Lumen Platform and our Quantum Fiber build, both critical drivers of our return to growth,” Storey added.

At Lumen, Stansbury will leverage over three decades of experience in senior-level finance roles at large corporations. He spent nearly 20 years of this time working for beverage companies, with almost six years at Seagram, where his time culminated as sales finance director of Tropicana products.

Stansbury then worked at PepsiCo and subsequently transitioned to the IT industry with four years at Hewlett Packard. In the latter organization, he rose the ranks from vice president of finance in the PSG finance worldwide operations division to CFO of the company’s global networking business. He was in charge of the branch’s planning, forecasting and reporting, as well as a participant in investment strategy.

Prior to coming to Lumen, Stansbury was senior vice president and chief financial officer of Arrow Electronics, a company focused on emerging technologies and design engineering, among other services.

“This is an important time in Lumen’s transformation, and I look forward to continue building on the great work the team has underway,” remarked Stansbury. “Lumen has a strong financial foundation and significant opportunities for value creation.”

Stansbury succeeds Neel Dev in the new position.

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Michael Sulmeyer Begins Tenure as Army Principal Cyber Adviser; Christine Wormuth Quoted
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Michael Sulmeyer Begins Tenure as Army Principal Cyber Adviser; Christine Wormuth Quoted

Michael Sulmeyer, formerly a cybersecurity official at the White House, has succeeded Terry Mitchell as the U.S. Army’s principal cyber adviser, Fedscoop reported Friday.

Sulmeyer most recently was an adviser to National Security Agency Director Gen. Paul Nakasone, who also leads U.S. Cyber Command.

The newly appointed cyber expert also advised the government on cyber matters during Obama, Trump and Biden administrations.

“Michael will work closely with our G2, G6, the chief information officer and Army Cyber to provide me his independent counsel on cyber-related matters,” said Christine Wormuth, secretary of the Army.

The succession follows Mitchell’s retirement after a career of 44 years, in which he most recently served as the Army’s first principal cyber adviser.

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NAVAIR Innovation Lab Uses Upgraded 3D Printing Equipment to Develop Usable Items
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NAVAIR Innovation Lab Uses Upgraded 3D Printing Equipment to Develop Usable Items

A team of researchers at Naval Air Systems Command’s Fleet Readiness Center East have received equipment upgrades designed to boost the development of additive manufacturing capabilities to support areas such as aviation maintenance, engineering, repair and overhaul.

NAVAIR said Friday Fleet Support Team’s Advanced Technology and Innovation Team is now using chemical resistant materials, 3D printing technology capable of reaching high temperatures and larger 3D printers built to manufacture prototypes and usable items.

Among the items developed for real-life applications is a port cover for the digital engine control unit of the AV-8B Harrier’s F402 engine.

“These small aluminum covers had a lead time of over one year. We were able to 3D print fuel-safe replacements from a chemical-resistant polymer, and the depot was able to clear that backlog within a few days, at a small fraction of the cost of sourcing the original aluminum covers,” said Randall Lewis, lead of the FRCE’s Innovation Lab.

The Innovation Lab also supports the deployment of 3D printed applications across the fleet. Lewis explained that these applications undergo initial prototyping and testing at the lab before the NAVAIR Additive Manufacturing Integrated Product Team help create a technical data package that will then be sent to Marines and sailors.

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New Navy Flight III Destroyer Christened at HII’s Mississippi Facility; Adm. Michael Gilday Quoted
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New Navy Flight III Destroyer Christened at HII’s Mississippi Facility; Adm. Michael Gilday Quoted

Huntington Ingalls Industries‘ Ingalls Shipbuilding has formally named and launched the U.S. Navy’s first Flight III Arleigh Burke-class guided missile destroyer during a christening ceremony in Mississippi.

According to Adm. Mike Gilday, chief of naval operations, the future USS Jack H. Lucas will offer a new radar system and electric plant to the naval destroyer fleet, HII said Saturday.

“Jack H. Lucas is not only the most capable and sophisticated surface combatant ever built by man, but it also represents the bridge from the past to the future,” shared Gilday during his keynote speech.

The first-ever Flight III destroyer is named after Jack Lucas, a U.S. Marine Corps member from Mississippi who was the youngest serviceman to receive a Medal of Honor during World War II.

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Air Combat Command to Push Information Warfare Training, Research With New Organization
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Air Combat Command to Push Information Warfare Training, Research With New Organization

Air Combat Command has announced the formation of a new organization at Davis-Monthan Air Force Base in Arizona to advance information warfare research and training to improve IW readiness and prepare airmen for the future of strategic power competition.

The Information Warfare Training and Research Initiative Detachment will develop training environments that would link airmen from multiple sites worldwide to allow researchers and operators to experiment and train in the electromagnetic spectrum and information environment, ACC said Tuesday.

“We’ve adapted a ‘build, learn, correct, repeat’ model,” said Col. Christopher Budde, chief of ACC’s information warfare division. 

“We are experimenting with sustainable processes and events in quick succession to scale conceptual ideas, operationally test them, then integrate these processes across the larger federated enterprise,” Budde added.

The detachment will be a subordinate unit of the 55th Wing at Offutt AFB in Nebraska and will have an operating site at the 67th Cyberspace Wing, Joint Base San Antonio in Texas.

The command worked with the Air Force Research Laboratory and academic organizations to launch the new organization and carried out 22 IW-focused research and training events through the detachment in support of the service’s missions.

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US, European Commission Unveil Trans-Atlantic Data Privacy Framework
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US, European Commission Unveil Trans-Atlantic Data Privacy Framework

The U.S. and the European Commission have announced a new framework that seeks to reestablish a legal process for transfers of personal data from the European Union to the U.S., promote trans-Atlantic data flows and highlight shared commitment to data protection, privacy and collective security.

The U.S. has committed to strengthen civil liberties and privacy safeguards governing its signal intelligence activities, come up with a redress mechanism with independent and binding authority and improve oversight of SIGINT activities under the Trans-Atlantic Data Privacy Framework, the White House said Friday.

With the new framework, SIGINT collection may be carried out in support of national security objectives while protecting civil liberties and privacy of individuals.

Participating businesses and organizations will continue to be required to self-certify their compliance with the Privacy Shield Principles through the Department of Commerce.

The U.S. intelligence community will implement the policies under the new framework, which seeks to address issues raised by the EU’s court of justice in its 2020 ruling over the Privacy Shield framework.

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GMU National Security Institute Names New Advisory Board Members, Visiting Fellows
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GMU National Security Institute Names New Advisory Board Members, Visiting Fellows

The National Security Institute at George Mason University’s Antonin Scalia Law School has announced the appointment to its advisory board of new members who held leadership roles at intelligence and federal agencies and technology sector.

NSI said Friday the new members of its advisory board are:

  • Cindy Courville, first U.S. ambassador to the African Union
  • Ellen McCarthy, former assistant secretary of State for intelligence and research
  • Gilman Louie, CEO of LookingGlass Cyber Solutions
  • Julia Nesheiwat, former homeland security adviser at the National Security Council
  • Lenora Peters-Gant, former senior national intelligence officer at ODNI
  • Leon Panetta, former secretary of defense and former director of the CIA
  • Sue Gordon, former principal deputy director of national intelligence at the Office of the Director of National Intelligence
  • William Evanina, former director of the National Counterintelligence and Security Center

McCarthy and Gordon are previous Wash100 Award winners.

NSI announced the addition of 46 new visiting fellows that will support the institute’s mission through their research, panel discussions and executive branch, congressional and media engagements. The institute also promoted several visiting fellows to fellow and senior fellow roles.

Jamil Jaffer, founder and executive director of NSI, said the addition of new advisory board members and fellows comes as the institute plans to set its sights on U.S. response to global repression and protect the country’s national security and economic capability.

Click here to view the list of new appointments and promotions.

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Rick Driggers: New Cybersecurity Law Is Unprecedented
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Rick Driggers: New Cybersecurity Law Is Unprecedented

Rick Driggers, critical infrastructure cyber lead at Accenture Federal Services, has shared his thoughts on the recent Cyber Incident Reporting for Critical Infrastructure Act.

Signed into law by President Joe Biden on March 15, the Cyber Incident Reporting for Critical Infrastructure Act mandates that individuals and businesses running technological enterprises must give notice of cyber breaches or suspected malpractice to the Department of Homeland Security’s Cybersecurity and Infrastructure Agency within 72 hours of identifying the issue.”

Driggers, who formerly worked as assistant director integrated operations at CISA, expressed the law is “unprecedented” in the cyber community but nonetheless says public and private sector organizations uniformly believe it to be a “necessary step forward.”

“With this mandatory reporting, CISA will work across federal agencies and the private sector to develop detection and mitigation strategies to share more broadly across the critical infrastructure community to address vulnerabilities being exploited and to promote collective defense,” Driggers explained.

The law also states that impacted organizations must give notice of any ransomware transactions within 24 hours of payment made to extortionists. It has been left up to CISA to provide exact definitions of what type of entities are covered in the legislature and what constitutes a cyberattack.

“If implemented correctly, it is light touch regulation and a welcome step forward,” Driggers concluded.

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