Lockheed Martin recorded a 4 percent year-over-year increase in fiscal 2025 first-quarter sales to $18 billion, a total backlog of $173 billion and Q1 net earnings of $1.7 billion, or $7.28 per share. In an earnings release published Tuesday, the Bethesda, Maryland-based aerospace and defense contractor said its cash from operations was $1.4 billion...
Agentic AI is catching a lot of attention among government officials for its potential to streamline services and improve how bureaucracies do business. But what exactly is agentic AI and how does it work? Think of agentic AI as digital agents working on one’s behalf. Instead of relying on humans to constantly issue instructions, agentic ...
By Kim Koster, Vice President of Industry Marketing at Unanet Government contractors face mounting pressure to deliver more with less. With increasingly complex requirements and shrinking margins for error, resource management has become more than a strategic function. It’s now an operational necessity. But many companies still operate wi...
General Dynamics NASSCO has secured a potential $138.7 million firm-fixed-price contract to provide maintenance, modernization and repair services to the USS Oak Hill, or LSD 51, dock landing ship. Maintaining USS Oak Hill Mission Readiness The Department of Defense said Friday the company will deliver services associated with labor, supervisio...
Private equity firm Turn/River Capital has acquired SolarWinds through a $4.4 billion transaction that turns the IT management software provider into a privately held company. In a joint release published Wednesday, the companies said SolarWinds shareholders received $18.50 in cash per share under the transaction. Upon the deal’s closing, Sola...
The book “The Strategy Dialogues,” by Dr. John Hillen, a member of Enlightenment Capital‘s advisory board and a previous Wash100 awardee, has reached the top of several Amazon best-seller lists, according to Hillen’s post on LinkedIn Tuesday. The book ranked number one on Amazon.com in the management, strategic management and...
BAE Systems has secured a $162 million contract from the U.S. Army for the procurement of M777 lightweight howitzer major structures. Finalized Contract Paves Way for Titanium Structures Production The defense contractor said Tuesday that it has already initiated work on the project after being awarded an Undefinitized Contract Action in December 20...
How democracies need to enhance cybersecurity protections against authoritarian adversaries with fewer legal barriers is concerning to a leading cybersecurity expert. Paulo Costa, George Mason University professor and chair of the Cyber Security Engineering Department, told GovCon Wire on Monday that democracies are disadvantaged in cybersecurity c...
The Department of State has approved Israel’s request to purchase Eitan powerpack engines and related equipment. Congress has been notified about the proposed foreign military sale valued at $180 million, the Defense Security Cooperation Agency said Monday. Rolls-Royce Solutions America will serve as the principal contractor. Israel FMS Detail...
Defense products manufacturer Fisica has acquired Space Vector for an undisclosed sum as part of efforts to broaden its capabilities and improve its ability to support customers across national defense and space domains. Expanding Aerospace & Defense Capabilities Fisica said Wednesday Space Vector’s management team will remain in their lea...
