Leidos reported $4.25 billion in fiscal year 2025 second-quarter revenue, up 3 percent from the prior-year period, and attributed the revenue growth to increased demand across all customer segments, particularly in defense systems due to strong demand for military technologies. In an earnings release published Tuesday, the defense and IT services co...
Jon Rucker, CEO of Ultra Intelligence & Communications, has accepted the 2025 Wash100 Award from Executive Mosaic CEO Jim Garrettson. Rucker, now a two-time Wash100 awardee, is being recognized for driving company growth through major contract wins and for his role in delivering mission-critical capabilities to American warfighters and allies. F...
MetTel was awarded a potential $54 million contract from the U.S. Veterans Administration to modernize the agency’s landlines. Utilizing POTS Transformation to Enhance VA Landlines The digital transformation and communications company said Tuesday under the multi-year, single vendor contract, MetTel will leverage its multi-carrier POTS Transfo...
When the Inflation Reduction Act, or IRA, and Creating Helpful Incentives to Produce Semiconductors—a.k.a. CHIPS—Act were passed, they introduced more than 30 new tax provisions, each one complex, time-sensitive, high-profile and collectively represented about $1.2 trillion in tax credits over the next 10 years. But instead of defaulting to the...
Radiance Technologies has named Jay Town, a legal professional, chief compliance officer and promoted Seth Crochet, a vice president at the company, to executive VP and general counsel. The company said Friday Town will manage compliance operations, improve Radiance’s risk management capabilities and oversee regulatory relationships with gover...
Lockheed Martin has received a potential $202.8 million contract from the U.S. Navy to provide engineering and technical support services for the service branch’s submarines. Hear experts discuss the latest contracting opportunities, tech advances and trends shaping the future of naval operations at the Potomac Officers Club’s 2025 Navy ...
DOD’s space enterprise continues to evolve its acquisition strategy culture by cancelling contracts for poor performance and emphasizing delivering critical warfighting capability, not future promises, Maj. Gen. Stephen Purdy said Thursday at the Potomac Officers Club’s 2025 Air and Space Summit. Purdy, the acting assistant secretary of...
Lockheed Martin has secured a U.S. Air Force contract modification worth approximately $4.3 billion for the procurement of Joint Air-to-Surface Standoff Missile, or JASSM, and Long-Range Anti-Ship Missile, or LRASM. JASSM, LRASM Contract Modification Scope The Department of Defense said Thursday the contract action covers Lots 22 through 26 of JASSM...
AECOM has secured two contracts from the U.S. Army Corps of Engineers, Europe District to provide architecture and engineering throughout Germany, Poland, the Czech Republic, Norway, Denmark, and Belgium, the Netherlands and Luxembourg, or the Benelux region. The indefinite-delivery/indefinite-quantity contracts have a combined value of over $490 mi...
Tom Arseneault, president and CEO of BAE Systems Inc., said the U.S. business is well positioned to benefit from the U.S. defense budget increase and support the Golden Dome missile defense shield project. DOD’s FY 2026 Budget Request In late June, senior Department of Defense officials and military leaders released DOD’s proposed $961.6...
