Executive Mosaic’s GovCon Index extended its winning streak to four weeks despite significant drops to start August. On Friday, the index declined 0.89% to $5,218.19 but still gained 0.70% for the week following Wednesday’s hefty 1.35% gain. Moreover, GCI outperformed Wall Street’s top three indexes for the week. The blue-chip Do...
CACI International (NYSE: CACI) has secured a $319 million task order to impart its expertise on intelligence systems to the U.S. Army. The information technology company said Wednesday it was chosen to fulfill a five-year work aimed at supporting an Army office in establishing and maintaining an advanced and on-demand environment. The pla...
Parsons (NYSE: PSN) posted a record revenue of $1.7 billion during the second quarter of 2024, reflecting a year-over-year growth of 23 percent, and ended the quarter with a total backlog of $8.8 billion with a book-to-bill ratio of 0.9x on net bookings of $1.5 billion. The Centreville, Virginia-based defense and infrastructure engineering company s...
Clear Ridge Defense, or CRD, has won a potential $113 million contract to support the cyberspace operations of various U.S. Marine Corps units. The cybersecurity consulting company said Tuesday the prime contract will cover critical cyberspace services for the Marine Corps Forces Cyberspace Command, Marine Corps Cyberspace Warfare Group, Joint Force...
5G is transforming communications around the world. But is the U.S. keeping up with adversaries in this critical technology area? Are we adopting 5G in the battlespace quickly enough to outpace threats? What’s next for 5G? We sat down with General Rob Spalding to find out. Hear Gen. Spalding speak at the Potomac Officers Club’s...
Parsons (NYSE: PSN) has agreed to buy BlackSignal Technologies for approximately $200 million to broaden its cybersecurity, artificial intelligence and electronic warfare capabilities and its client base across the Department of Defense and Intelligence Community. Chantilly, Virginia-based Parsons said Tuesday it expects the transaction to be comple...
Venice Goodwine, the Department of the Air Force’s chief information officer, accepted her 2024 Wash100 Award from Executive Mosaic CEO Jim Garrettson during the Potomac Officers Club’s 2024 Air Defense Summit. Garrettson founded the Wash100 Award in 2014 to celebrate the foremost change-makers shaping the government contr...
Executive Mosaic’s GovCon Index ended the week slightly lower at $5,181.95 (-0.03%) after posting record closes on Monday, Tuesday and Thursday. Also, the index, which tracks the stock performances of 30 major government contractors, gained 2.53% week-on-week, the highest weekly gain since its launch in December 2023. The three major US stock inde...
Eleven companies were selected by the U.S. Navy for the procurement of machinery and systems services for naval vessels and land-based sites. The Department of Defense said Thursday the vendors secured spots on the indefinite-delivery/indefinite-quantity contract with a combined value of $496.1 million. The contract covers the procurement of h...
The director of the Intelligence Advanced Research Projects Agency has to be equipped with a diverse background of knowledge and experience in order to lead its risk-prone, highly complex endeavors. Dr. Richard Muller, who was appointed to the post in April, certainly fits the bill. Muller has proved his capabilities in the research and develop...
