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Aware (Nasdaq: AWRE) reported $4.3 million in sales for the first quarter of 2023, up 6 percent from a quarter earlier, and attributed software subscription growth to a sequential improvement in the company’s recurring revenue. The authentication software vendor said Tuesday it expects to log total revenue and annual recurring revenue growth o...
General Atomics’ aeronautical systems business will supply Taiwan with four MQ-9B SkyGuardian unmanned air vehicles under a $217.6 million contract from the U.S. Air Force. The Department of Defense said Monday the sole-source acquisition also covers two certifiable ground control stations, spares and support equipment to be provided over a t...
The Department of Defense’s long-awaited enterprise cloud effort finally got off the ground in December 2022, when four commercial cloud service providers landed a spot on the $9 billion Joint Warfighting Cloud Capability contract. Executive Mosaic spoke with leaders from each of the awardee companies — Amazon Web Services, Google, Microsoft and...
L3Harris Technologies (NYSE: LHX) posted $4.5 billion in revenue for the first quarter of 2023, up 9 percent from the prior-year period, driven by sales growth across its three business segments. The company said Thursday profit for the quarter was $339 million, compared to the $475 million a year ago and earnings were $1.76 per...
CACI International (NYSE: CACI) logged a 10.1 percent year-over-year increase in revenue for the third quarter of its 2023 fiscal year to $1.74 billion, activity the company attributed to organic growth. Profit for the three months ended March 31 rose to $100.7 million from $95.4 million in the prior-year period, while net income on a...
Northrop Grumman (NYSE: NOC) posted $9.3 billion in revenue for the first quarter of 2023, a 6 percent increase from the same period last year, as its defense, mission and space systems business logged higher sales. In its quarterly earnings report released Thursday, Northrop reported an operating income of $947 million and a margin rate...
The fateful day has come. The final 24 hours of voting for Executive Mosaic’s 2023 Wash100 popular vote contest are here, after three full months of the most significant and consequential names in government contracting and the federal sector duking it out for the general public’s renown. Voting officially closes tomorrow, Friday April 28. ...
Forty-one companies have won spots on a potential 10-year, $1 billion contract vehicle for helicopter support services to the U.S. Forest Service. The indefinite-delivery/indefinite-quantity contract covers the provision of helicopters in the Type 3 category to support national resource conservation and wildland fire management programs, according t...
Raytheon Technologies (NYSE: RTX) reported $17.2 billion in sales during the first quarter of 2023, up 10 percent from the prior-year period, and saw earnings for the period rise 6 percent to $1.22 per share. The Arlington, Virginia-based aerospace and defense contractor said Wednesday it ended the quarter with a record backlog of $180 billion...
Evan Lovell, chief investment officer of the Virgin Group, has been appointed chair of the board of directors at commercial spaceflight and vehicle development company Virgin Galactic (NYSE: SPCE). Lovell has served as the company’s interim chair since February 2022 and has two decades of global private equity and mergers and acquisitions expe...
