Commerce Secretary Howard Lutnick said top Department of Defense officials are “thinking about” whether the U.S. should take equity stakes in defense contractors like Lockheed Martin, CNBC reported Tuesday. In an interview on CNBC’s Squawk Box, Lutnick said Lockheed is “basically an arm of the U.S. government.” “B...
The Potomac Officers Club’s 2025 Summer Series has been a smashing success—bringing together the top minds in GovCon and defense for conversations that matter. From advances in AI and cybersecurity to innovative strategies in defense modernization and federal contracting, each event has delivered meaningful insights, practical takeaways and ...
DOD’s space enterprise continues to evolve its acquisition strategy culture by cancelling contracts for poor performance and emphasizing delivering critical warfighting capability, not future promises, Maj. Gen. Stephen Purdy said Thursday at the Potomac Officers Club’s 2025 Air and Space Summit. Purdy, the acting assistant secretary of...
By Payam Pourkhomami, President & CEO of OSIbeyond The Cybersecurity Maturity Model Certification program is a fundamental shift in how the Department of Defense approaches supply chain security. Once the 48 CFR rule of the Defense Federal Acquisition Regulation Supplement is amended to add CMMC requirements to DOD contracts, contractors across ...
The Department of Defense has terminated its draft solicitation for the Advancing Artificial Intelligence Multiple Award Contract, or AAMAC. In a notice published Wednesday on SAM.gov, DOD noted that the AAMAC program is “currently on hold.” Draft RFP for Advancing AI Multiple Award Contract AAMAC is a potential 10-year, $15 billion inde...
MP Materials and the Department of Defense have entered into a public-private partnership to boost the supply of U.S. rare earth magnets and reduce dependence on foreign sources. Construction of ’10X’ Magnet Manufacturing Facility Through the partnership, MP Materials said Thursday it will build the “10X Facility,” its second domesti...
IT modernization and digital services company ITC Federal has appointed Krista McKendree, a retired U.S. Marine Corps veteran, as vice president of business development for the Department of Defense. The Fairfax, Virginia-based company said Thursday McKendree will help ITC expand into the defense market by leading efforts to capture mission-aligned ...
Senior Department of Defense officials and military leaders released on Thursday DOD’s $961.6 billion fiscal year 2026 proposed budget, which includes $848.3 billion in discretionary funding and $113.3 billion in mandatory funding through congressional reconciliation, DOD News reported. “This historic defense budget prioritizes strengthe...
OpenAI has received a potential $200 million other transaction agreement from the Department of Defense’s Chief Digital and Artificial Intelligence Office, or CDAO, to build frontier AI prototypes designed to address critical national security challenges in warfighting and enterprise areas. DOD said Monday work on the prototype OTA will primar...
Are you ready to gain unparalleled insights, forge important connections and lead the future of defense contracting? Time is ticking! Today, June 17, is the final deadline to register for the 2025 DOD Summer Series, a trio of groundbreaking GovCon events from Potomac Officers Club. For the first time in the organization’s history, yo...
