Rite-Solutions, a software development and systems engineering company, has secured a cost-plus-fixed fee Small Business Innovation Research Phase III contract from the U.S. Navy to support the service’s next-generation attack submarine program SSN(X) Combat Systems of the Future. The contract includes options that, if exercised, could increas...
David Broadbent spent over two decades at Raytheon, working across various divisions and sharpening his expertise in defense, space, intelligence and commercial cyber in a slew of leadership positions. Toward the end of his run at that company, Broadbent developed a strong interest in the space environment, and was appointed president of space syst...
Mercury Systems has finalized the acquisition of Star Lab, in line with efforts to continue advancing the company’s capabilities to deliver secure processing technologies to the aerospace and defense industries. Enhancing Cybersecurity Capabilities The Andover, Massachusetts-based technology company said Thursday Star Lab is now part...
HII reported revenue decline of 2.5 percent to $2.7 billion in the first quarter of 2025 compared to $2.8 billion during the same period in 2024. The company said Thursday that the slightly lower Q1 revenue is caused by decreased demand across Newport News Shipbuilding, Ingalls Shipbuilding and Mission Technologies. Per Segment Revenue HII’s I...
The cybersecurity landscape is evolving at an unprecedented pace as technology continues to advance and cyber threats grow more sophisticated. GovCons are challenged to stay ahead by modern cybercriminals leveraging AI, ransomware and advanced phishing tactics. But these challenges present GovCons with business opportunities, according to one of the...
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...
