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Government Technology/News
US, Canada, Europe Agree to Cut Off Some Russian Banks From SWIFT
by Jane Edwards
Published on February 28, 2022
US, Canada, Europe Agree to Cut Off Some Russian Banks From SWIFT

The leaders of the U.S., Canada, France, Germany, Italy, the U.K. and the European Commission have committed to removing selected Russian banks from the SWIFT messaging system as part of efforts to cut off Russia from the international financing system in response to its invasion of Ukraine.

The countries also commit to implementing restrictive measures to limit the Russian Central Bank from fielding its international reserves and launching measures against individuals and entities that facilitate the war in Ukraine and participate in Russian government’s harmful activities, according to a joint statement published Saturday.

Other measures are introducing a transatlantic task force to effectively implement financial sanctions by determining and freezing the assets of sanctioned companies and individuals and stepping coordination efforts to counter disinformation and other types of hybrid warfare.

“Even beyond the measures we are announcing today, we are prepared to take further measures to hold Russia to account for its attack on Ukraine,” the statement reads.

The latest economic measures came days after the U.S. Department of the Treasury announced additional economic sanctions on Russia’s financial institutions and expanded debt and equity prohibitions in light of Ukraine invasion.

Industry News/News
Defense Companies Wary Over Impact of 2017 Tax Law on Research Investments
by Jane Edwards
Published on February 28, 2022
Defense Companies Wary Over Impact of 2017 Tax Law on Research Investments

Defense industry executives say their companies could be hit with billions of dollars in taxes and reduce spending on research and development if Congress fails to delay or repeal a 2017 law that would tax R&D expenses, Nextgov reported Sunday.

The 2017 Tax Cuts and Jobs Act directs companies to claim R&D expenses on their taxes and spread their annual claims over five years starting in 2021.

“The requirement for companies to capitalize and amortize R&D expenses amounts to a significant tax increase, which will negatively impact innovation,” the National Defense Industrial Association said of the law in its 2022 industry assessment report.

Raytheon Technologies said its R&D spending reached about $11 billion in 2021 and that it would have to claim approximately $2 billion on its taxes in April. 

“We firmly believe, and everybody we talk to in Washington understands, it is bad public policy,” Greg Hayes, CEO of Raytheon Technologies, said of the law during a conference Wednesday. “It discourages investment in innovation.” 

Northrop Grumman expects to incur a tax hit of about $1 billion, followed by L3Harris Technologies at $650 million, Lockheed Martin at $500 million and General Dynamics and Textron at $300 million each.

“They’re still gonna invest in R&D. We’re just losing that ability to incentivize more,” said Eric Fanning, CEO of the Aerospace Industries Association and a previous Wash100 Award winner.

Government Technology/News
Dave Gauthier: NGA’s Commercial Supplier Matrix Seeks to Match GEOINT Capabilities to Users’ Needs
by Jane Edwards
Published on February 28, 2022
Dave Gauthier: NGA’s Commercial Supplier Matrix Seeks to Match GEOINT Capabilities to Users’ Needs

The National Geospatial-Intelligence Agency is working on a commercial buying guide for intelligence, defense and federal civilian agencies as NGA shifts to commercial imagery analysis and GEOINT capability sources, Federal News Network reported Friday.

Dave Gauthier, director of commercial and business operations at NGA, said the “commercial supplier matrix” will help NGA gain access to information on commercial capabilities to better match platforms from industry suppliers to the needs and requirements of users.

“With so many different types of suppliers, and so many opportunities to pull in these services, we really have to provide a catalog of capabilities to our user community,” Gauthier added.

He noted that NGA is making a “fundamental shift” toward commercial analytic services.

“It’s this idea that companies themselves, either the imagery providers or in partnership with analytics companies, will work to extract information from imagery, and provide us what I like to call the box scores instead of the game tape,” Gauthier added.

He said the supplier matrix platform is still in the testing phase and that some parts of it could be made available to the public.

“It’s still being built in [and] populated today,” Gauthier said of the platform. “We do have a community of beta testers to help us understand and make sure we’re answering the questions and can anticipate the questions that those users would have when they want to research this information for their own decision making.”

Government Technology/News
DOD Seeks Input to Create Regional Microelectronics Tech Hubs; Heidi Shyu Quoted
by Nichols Martin
Published on February 28, 2022
DOD Seeks Input to Create Regional Microelectronics Tech Hubs; Heidi Shyu Quoted

The Department of Defense wants to engage companies, academic institutions and government laboratories to set up regional innovation hubs for microelectronics development and education.

DOD issued a request for information Friday to solicit input on the Microelectronics Commons initiative and interested parties can view information about the process for submitting ideas through the official website of the department’s chief technology officer.

A cross-functional team under Heidi Shyu, undersecretary of defense for research and engineering, proposed the new public-private partnership to encourage microelectronics prototyping work and train college or university students in semiconductor technology.

The team envisions semiconductor company facilities or federally funded research and development centers hosting the prototype hubs.

“Microelectronics are vital to every aspect of our lives from delivering power to our homes to securing our nation’s infrastructure,” said Shyu, an inductee into Executive Mosaic’s Wash100 for 2022.

News
Infrastructure Law Allocates $3.4B for GSA’s Land Port Modernization, Construction Projects
by Naomi Cooper
Published on February 28, 2022
Infrastructure Law Allocates $3.4B for GSA’s Land Port Modernization, Construction Projects

The General Services Administration will distribute a $3.4 billion investment from the Bipartisan Infrastructure Law to 26 land port modernization and construction projects at U.S. northern and southern borders.

GSA said Friday it estimates the allocated funds will create 6,000 jobs annually over the next eight years and expand processing systems for commercial goods and services.

“These bipartisan investments are a historic opportunity to modernize our land ports in ways that will create good-paying jobs and strengthen supply chains, while enhancing safety and security,” said GSA Administrator Robin Carnahan.

Projects involve work on land ports of entry in Alaska, Arizona, California, Idaho, Maine, Minnesota, North Dakota, New York, Texas, Vermont and Washington.

GSA said the efforts will also allow U.S. Customs and Border Protection to deploy new technology platforms for monitoring illicit activity and securing operations.

Cybersecurity/News
CISA, FBI Warn of Destructive Malware Used to Target Organizations in Ukraine
by Jane Edwards
Published on February 28, 2022
CISA, FBI Warn of Destructive Malware Used to Target Organizations in Ukraine

The FBI and the Cybersecurity and Infrastructure Security Agency have released a joint advisory offering guidance on how U.S. organizations can detect and safeguard networks against WhisperGate and HermeticWiper malware used to launch attacks on organizations in Ukraine.

Organizations should assess and strengthen their cybersecurity posture against these destructive malware that could impact the availability of critical data and assets, CISA said Saturday.

The FBI and CISA have called on organizations to implement multifactor authentication; establish antivirus and antimalware programs to carry out regular scans; update software; filter network traffic; and enable strong spam filters to stop phishing emails from reaching end users, among other measures.

“In the wake of continued denial of service and destructive malware attacks affecting Ukraine and other countries in the region, CISA has been working hand-in-hand with our partners to identify and rapidly share information about malware that could threaten the operations of critical infrastructure here in the U.S.,” said Jen Easterly, director of CISA and a 2022 Wash100 Award winner.

Easterly added that the FBI, international computer emergency readiness team partners and public and private sector partners at the Joint Cyber Defense Collaborative are working together to help organizations reduce their risks of cyberthreats.

CISA said it integrated into the updated Shields Up webpage new resources and additional recommendations for CEOs and corporate leaders to protect critical assets and set up a technical guidance webpage to provide information on cyberthreats facing Ukraine.

Contract Awards/News
Lockheed Receives Order for Australian Super Hornet Aircraft Missile Integration
by Angeline Leishman
Published on February 28, 2022
Lockheed Receives Order for Australian Super Hornet Aircraft Missile Integration

The U.S. Navy has awarded Lockheed Martin a $49.3 million order to integrate and test the Long Range Anti-Ship Missile systems on the Australian air force’s Super Hornet fighter aircraft.

LRASM integration and testing services for the Australian F/A-18 E/F fleet are expected to conclude in March 2026, the Department of Defense said Friday.

Lockheed designed the system with a penetrator, a blast fragmentation warhead and a communications suite that works to help military operators detect and engage target ships.

Australia requested to procure up to 200 AGM-158C LRASMs from the U.S. government as part of a $990 million foreign military sales deal the State Department approved in February 2020.

Government Technology/News
The Open Group CTO Andras Szakal: A Possible Route for Managing Societal and Technological ‘Megatrends’
by Charles Lyons-Burt
Published on February 25, 2022
The Open Group CTO Andras Szakal: A Possible Route for Managing Societal and Technological ‘Megatrends’

Andras Szakal, chief technology officer at The Open Group, has shared his thoughts on recent “megatrends” in global work life and technology and what he foresees as their impacts on one another.

In an article for the Global Banking & Finance Review, Szakal traces the effects of the COVID-19 pandemic on attitudes toward the workplace as well as identifies the digital transformations needed to keep pace with such evolutions.

Szakal notes that when necessary changes occurred because of the pandemic, they were in line with shifts that were already happening in terms of technological and medical innovations.

“Even just five years ago many of the strategies we used to mitigate [the pandemic’s] damage – from remote working to rapid vaccine and therapeutics development – would not have been possible in the same way,” Szakal writes.

The executive also discusses how mass-career-changes – which he dubs “the great resignation” – from in-person, hospitality-based jobs to digitally rooted ones will (and perhaps have already begun to) usher in an implementation of artificial intelligence and automated technologies in place of these vacating workers.

Szakal attributes this to data that shows that it is “the nature of the work, and not just their ability to get a job, as their main motivating factor” to switch career paths.

In addition to AI, he cites quantum computing and augmented reality as other technologies that are evolving at an ideal rate to meet the ever-growing and mutating needs of humans.

In the end, Szakal turns to technology architecture as a way to allow separate aspects of society that have grown increasingly codependent to cross-pollinate and communicate effectively.

“Without a holistic architecture to structure that communication, the end result will be chaos,” Szakal writes, continuing, “In order to grow and adapt through the next waves of change, which blur any distinction between technological and business pressure, that kind of thinking will need to be elevated to encompass a bigger, clearer picture where continuous digital transformation is core to the strategy.”

He also says he believes a software by his company the Open Group called the TOGAF Standard offers a winning platform for exercising a functional digital architecture.

Industry News/News/Wash100
Deltek Distinguished as One of Forbes’ Best Employers in 2022; CEO Mike Corkery Quoted
by Charles Lyons-Burt
Published on February 25, 2022
Deltek Distinguished as One of Forbes’ Best Employers in 2022; CEO Mike Corkery Quoted

Software and information services company Deltek has been recognized among Forbes’ list of America’s Best Employers in 2022.

The final list is comprised of 500 American companies with between 1,000 and 5,000 employees and the results were determined via the polling of 60,000 individuals from organizations in a range of industries, the company said on February 17th.

Deltek President and CEO Mike Corkery, also a two-time Wash100 Award winner, expressed pride in the team’s distinction and gave credit to the staff for meeting the challenges of 2021 and serving customers’ needs.

“We have a very special culture at Deltek. We’ve been able to come together and close out another record-bre

aking year, while continuing to grow and develop our employees,” Corkery continued.

Voters for the Forbes list were asked to anonymously evaluate their company based on criteria such as diversity,

equity and inclusion and working conditions. They were also polled regarding the employer’s development opportunities, compensation and overall likelihood to recommend working there.

Deltek Distinguished as One of Forbes’ Best Employers in 2022; CEO Mike Corkery Quoted

Surveys were distributed and handled by market and consumer data organizer Statista. Deltek specializes in programs that assist customers in project management and development and their services attempt to increase productivity and revenue.

The company’s GovWin IQ platform tracks federal government contract spending and recently released their findings for the 2021 fiscal year, reporting a total of $629 billion in contract transactions.

Deltek also published a report based on GovWin IQ findings in December 2021 that looked ahead to 2022 and identified several potential business development trends and how they might affect government contract allocation.

News
Treasury Imposes Blocking Sanctions on Russia’s Top Financial Institutions; Janet Yellen Quoted
by Jane Edwards
Published on February 25, 2022
Treasury Imposes Blocking Sanctions on Russia’s Top Financial Institutions; Janet Yellen Quoted

The U.S. Department of the Treasury has announced additional economic sanctions on Russia’s financial institutions and expanded debt and equity prohibitions in response to Russia’s invasion of Ukraine.

The Treasury’s office of foreign assets control imposed blocking sanctions on Russia’s two largest banks – Sberbank and VTB – and three major financial institutions – Otkritie, Novikom and Sovcom – to further restrict Russia’s critical economic sector from utilizing the U.S. dollar, securing investments and accessing global markets, the department said Thursday.

“Our actions, taken in coordination with partners and allies, will degrade Russia’s ability to project power and threaten the peace and stability of Europe. We are united in our efforts to hold Russia accountable for its further invasion of Ukraine while mitigating impacts to Americans and our partners,” said Treasury Secretary Janet Yellen.

OFAC also broadened equity and debt restrictions against 13 major state-owned and private entities to limit Russia’s ability to fund its invasion of Ukraine and other priorities.

The Treasury is also imposing sanctions on additional Russian elites and their family members that have ties to Russian President Vladimir Putin and his government.

“If necessary, we are prepared to impose further costs on Russia in response to its egregious actions,” added Yellen.

U.S. President Biden on Tuesday announced the first tranche of economic sanctions as part of efforts to cut off Russia’s access to international financing in light of its actions in Ukraine.

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