
CACI International (NYSE: CACI) reported an 11.2 percent year-over-year increase in revenues to $1.8 billion during the second quarter of fiscal year 2024 and saw its adjusted diluted earnings per share grow 2 percent to $4.36 for the quarter ended Dec. 31. CACI said Thursday it ended the quarter with a total backlog of $26.9...
Randy Fields, former vice president and general manager at Cubic's digital intelligence unit, has joined Ultra Intelligence & Communications as VP and chief technology officer. "With my extensive experience in airborne datalinks, Joint Fires and tactical edge technology, I am thrilled to bring my expertise to this new role," Field...
Lockheed Martin (NYSE: LMT) reported its fourth quarter and full year 2023 results. The full-year net sales were stronger than expected, rising two percent year-over-year to $67.6 billion, although it dipped half a percent lower in Q4 2023 to $18.9 billion versus Q4 2022. Also, the backlog reached a record $1.6 billion....
The Department of Defense's Office of Inspector General revealed in an audit that the Pentagon had an incomplete list of its financial management systems and inadequate plans for system compliance and recommended for DOD to identify the financial management systems it will have when it becomes compliant with the Federal Financial Management Imp...
HII's (NYSE: HII) mission technologies division has secured a five-year, $197 million recompete task order to help the Joint Chiefs of Staff J7 directorate develop joint training capabilities for the Department of Defense. The task order was awarded under DOD's Information Analysis Center contract vehicle and covers research and developmen...
Sujey Edward, former Octo chief technology officer, has joined IBM's (NYSE: IBM) federal business as CTO and senior partner. Edward worked at Octo, an IBM company, for more than seven years. Prior to that, he was part of Salient CRGT, now GovCIO, as director of energy IT solutions and later vice president of its agile innovation center....
Advanced Technology International will manage the Defense Industrial Base Consortium under an other transaction agreement the Department of Defense awarded to the non-profit research institution. The DIBC OTA will support rapid research and provide access to commercial offerings to help meet defense requirements and drive innovations.Register here t...
ASRC Federal will help the Defense Logistics Agency maintain, repair and operate multiple military facilities under a potential $90 million indefinite-delivery/indefinite-quantity contract. The company's facilities logistics business will deliver MRO supplies to the U.S. Army, Navy, Air Force, Marine Corps and Coast Guard through Feb. 6, 2025....
The defense and government investment banking team of financial services company Raymond James has released a report highlighting the financial performance of several public companies in the government contracting market, recent mergers and acquisitions and major contracts awarded in 2023....