AeroVironment has completed its acquisition of BlueHalo to advance its position as a global defense technology company with integrated capabilities across ground, air, maritime, cyber and space domains. “We are excited to complete the acquisition of BlueHalo and move forward as an even stronger and more unified AV that provides the scale, tale...
The Naval Sea Systems Command has awarded a contract modification to General Dynamics Electric Boat and Huntington Ingalls Inc., Newport News Shipbuilding for the construction of two Virginia-class submarines. The contract also includes increased workforce support and further investments in nuclear shipbuilding programs, NAVSEA said Wednesday. ...
Parsons reported record revenue of $1.6 billion during the first quarter of fiscal year 2025, reflecting a 1 percent year-over-year growth, and ended the quarter with a record total backlog of $9.1 billion with a book-to-bill ratio of 1.1x on net bookings of $1.8 billion. Q1 2025 Financial Highlights In an earnings release published Wednesday,...
Teledyne Technologies appointed George Bobb III as president and CEO, effective immediately. Bobb succeeds Edwin Roks, who announced his retirement after two decades at the company, Teledyne said in a press release Monday. Roks will remain as special adviser to Robert Mehrabian, executive chair of Teledyne, until Aug. 31. Who is Teledyne...
Palo Alto Networks has agreed to acquire Protect AI for an undisclosed sum to expand its capabilities to help government agencies and enterprises protect their ecosystems of artificial intelligence models, agents and related tools from security risks. Palo Alto Networks said Monday it expects the transaction to close by the first quarter of its fisc...
Nava has appointed Samantha Kwok and Marvin McLain as vice president of engineering and VP of program delivery for the federal health portfolio, respectively. As the VP of engineering, Kwok will spearhead the engineering organization’s growth through effective execution of delivery and the cultivation of technical excellence, innovat...
The State Department has approved a $2.19 billion foreign military sale request by the Netherlands for Tomahawk Land Attack Missiles and related equipment. The Defense Security Cooperation Agency said Friday RTX will be the principal contractor for the proposed project. Tomahawk Land Attack Missiles FMS Request Details Under the proposed d...
Iridium Communications recorded fiscal 2025 first-quarter revenue of $214.9 million, up 5 percent from the same period the previous year, and posted Q1 net income of $30.4 million, or $0.27 per diluted share. In an earnings release published Tuesday, the McLean, Virginia-based satellite communications company said its operational earnings before int...
Jerry McGinn, executive director of the George Mason University School of Business’ Center for Government Contracting, has received the 2025 Wash100 Award from Executive Mosaic CEO Jim Garrettson. GMU Center for Government Contracting McGinn earned his third Wash100 Award for his significant work associated with the GMU Center for Go...
Jeff Green announced on LinkedIn Thursday that he was appointed chief operating officer of Airbus U.S. Space & Defense. Career Highlights Before joining Airbus, Green served as the vice president of production and manufacturing operations at QinetiQ. In this capacity, he oversaw the company’s overall operations, including ma...
