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HII (NYSE: HII) saw its second-quarter revenue for fiscal year 2023 climb 4.7 percent to $2.8 billion and reported net earnings of $130 million and diluted earnings per share of $3.27 for the quarter. The military shipbuilding company said Thursday Q2 new contract awards reached about $2.6 billion and that it ended the quarter with...
Maximus‘ (NYSE: MMS) U.S. federal business posted $584 million in revenue for the third quarter of its 2023 fiscal year, up 11 percent from the prior-year period and the company attributed the increase to its work with the Department of Veterans Affairs. The Tysons, Virginia-headquartered government services provider said Wednesday that total ...
Quantum computing is not a new field by any means, but its impact and potential are still largely unknown. In the next few decades, experts believe quantum developments will have significant, game-changing implications in a myriad of fields, and the capabilities quantum unlocks will be critical for the country’s technological power. However, quant...
Established in 2018, the Army Futures Command is dedicated to looking far beyond the present to ensure that the U.S. Army is properly equipped to reach its current goals and compete on the future battlefield. While working to deliver on the more near-term Army of 2030 initiative, the AFC is also drawing a blueprint for the service...
Parsons (NYSE: PSN) achieved record revenue of $1.4 billion for the second quarter of fiscal 2023, reflecting a year-over-year increase of 34 percent, and attributed the rise to organic growth from the contractor’s federal solutions and critical infrastructure segments. The Centreville, Virginia-based defense and infrastructure engineering com...
Aeyon LLC houses leadership teams with expertise in mission services, analytics, digital transformation, financial management, engineering and science, and data management. The company leverages its deep expertise in the Department of Defense (DoD) and related civilian agencies to deliver uncompromising intelligence, experience, and qualifica...
RTX (NYSE: RTX) will provide updated seeker, navigation and GPS receiver technologies to the U.S. Navy for integration into Tomahawk missile systems under two contract modifications and a task order worth $165.4 million combined. The Navy allocated $124.3 million to buy 42 Maritime Strike Tomahawk Seeker suites for low-rate production three of the s...
The Office of Strategic Capital was stood up in December of last year, marking a decisive move by the Department of Defense to direct financial support to the technology industry. OSC is particularly interested in funding projects and organizations related to “advanced materials, next-generation biotechnology and quantum computing,” per rep...
The State Department has approved Finland’s request to purchase Multiple Launch Rocket Systems with an updated configuration and related equipment from the U.S. government under a potential $395 million foreign military sale deal. Finland has requested services to modernize its M270A1 MLRS fleet into the M270A2 model to enhance interoper...
Sixty-six vendors have secured positions on a potential 10-year, $900 million contract to help the U.S. Air Force develop approaches needed to build multidomain systems in support of the service’s warfighting missions. The Air Force Life Cycle Management Center at Wright Patterson Air Force Base in Ohio received 70 offers for the indefinite-de...
