RTX (NYSE: RTX) has agreed to sell its Raytheon’s cybersecurity, intelligence and services business to an undisclosed buyer for approximately $1.3 billion. The company announced the move in its third-quarter earnings report published Tuesday. Reuters reported that private equity firm Blackstone was the prospective purchaser of the business. The Ra...
2023 marks the 20th annual Cybersecurity Awareness Month, the U.S. federal government’s tradition of promoting careful cyber hygiene and ensuring protective precautions for digital assets. Established by the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency and a nonprofit, the National Cybersecurity Alliance, ev...
CACI International (NYSE: CACI) released its results for the three months that ended Sept. 30, highlighting a 15.2 percent year-over-year revenue growth to $1.85 billion during the first quarter of its fiscal year 2024. John Mengucci, president and CEO of CACI and a four-time Wash100 awardee, said in a statement published Wednesday, “The busin...
DCS has received a $168 million contract from the U.S. Army to continue providing operational services to the Program Executive Office Ground Combat Systems and the Army Contracting Command-Detroit Arsenal. The five-year contract will extend support for programs including Project Manager Main Battle Tank Systems and other PEO GCS subordinate organiz...
Rodney Slater, former U.S. secretary of the Department of Transportation, and Sue Gordon, former principal deputy director of national intelligence and a two-time Wash100 awardee, have been elected to respectively serve as chairman and vice chairwoman of Mitre’s board of trustees. Slater most recently served as interim chairman and has been a memb...
As it intensifies its digital modernization, the U.S. Army is quickly acquiring and incorporating new technologies that expand the service branch’s toolkit in a contested geopolitical era. This process has introduced new capabilities that demand power at a range of signatures. “We are literally a Christmas tree,” said the Army’s Young B...
The shares of General Dynamics (NYSE: GD) popped 4.03 percent to $242.40 on mid-week after the company reported a 6 percent year-over-year revenue growth in the third quarter of 2023 to $10.6 billion versus Q3 2022. Another business highlight was the $95.6 billion company-wide backlog, the highest ever in the defense contractor’s history. Net earn...
Keith Flynn, formerly senior vice president of product and engineering at Glydways, has taken on the newly created role of SVP of manufacturing at Anduril Industries. He will help scale the production of autonomous systems for domestic and international customers and lead a team of 200 engineers and technicians across the U.S. and Australia, Anduril...
Robert W. Baird & Co. will host the sixth edition of its annual Government and Defense Conference on Wednesday, Nov. 15 at the Ritz-Carlton, Tysons Corner. The event gives voice to leadership from many high-profile private sector entities in the government services industry as well as top federal officials. Speakers offer pedigreed perspectives...
The shares of RTX (NYSE: RTX) popped 7.18 percent to $78.38 after the aerospace and defense company reported a year-over-year Adjusted sales growth of 12 percent to $19 billion in the three months that ended Sept. 30, 2023. Besides announcing a $10 billion stock buyback program, RTX also entered into a definitive agreement to sell its...
