Parsons has acquired Chesapeake Technology International, a Bluestone Investment Partners portfolio company, for approximately $89 million as part of a push to expand its electromagnetic warfare and all-domain offerings for the U.S. defense market. Parsons said Tuesday the transaction aligns with its strategy of broadening its portfolio of critical ...
Parsons reported record revenue of $1.6 billion during the first quarter of fiscal year 2025, reflecting a 1 percent year-over-year growth, and ended the quarter with a record total backlog of $9.1 billion with a book-to-bill ratio of 1.1x on net bookings of $1.8 billion. Q1 2025 Financial Highlights In an earnings release published Wednesday,...
Executive Mosaic CEO Jim Garrettson paid a visit to Raft offices to present the 2025 Wash100 Award to the artificial intelligence and data-driven company’s founder and CEO, Shubhi Mishra. Mishra, now a two-time Wash100 Award winner, is being recognized for leading Raft toward another successful year, with major defense contracts won...
Executive Mosaic CEO Jim Garrettson has presented the 2025 Wash100 Award to Alpha Omega CEO Gautam Ijoor. Ijoor received his first Wash100 Award for his excellent leadership that focuses on propping up Alpha Omega for sustainable, long-term growth. “Gautam is making a powerful entrance into the Wash100 ranks, and it’s no surprise why. As...
SAIC CEO Toni Townes-Whitley has received the 2025 Wash100 Award. Townes-Whitley received a visit from Executive Mosaic CEO Jim Garrettson, who personally congratulated her on her win. This marks the SAIC CEO’s second consecutive Wash100 win. “Under Toni’s leadership, the company is not only seeing strong revenue growth but also ma...
Parsons reported record fourth-quarter revenue of $1.7 billion, reflecting a 16 percent year-over-year growth, and noted that its full-year revenue for fiscal year 2024 jumped 24 percent to $6.8 billion, up 22 percent on an organic basis. Financial Highlights In an earnings release published Wednesday, the Chantilly, Virginia-based defense and infra...
Iridium Communications reported fiscal 2024 fourth-quarter revenue of $213 million, up 9 percent from the prior-year period, and saw its total revenue for the full year increase 5 percent to $830.7 million. In an earnings release published Thursday, the McLean, Virginia-based satellite communications company said Q4 and full-year net income were $36...
Parsons has acquired environmental contractor TRS Group. The $36 million all-cash acquisition is aimed at boosting Parsons’ federal solutions and critical infrastructure segments. TRS is known for its environmental remediation technology developed for cleaning hazardous and toxic substances from soil, groundwater and fire suppression systems, ...
Booz Allen Hamilton saw its revenue increase 13.5 percent to $2.92 billion during the third quarter of fiscal year 2025 and reported $291.3 million in Q3 operating income, up 17.7 percent from the same period the previous year. Q3 Fiscal 2025 Results In an earnings release published Friday, the McLean, Virginia-based IT and management consulting...
Horacio Rozanski, president and CEO of Booz Allen Hamilton and a three-time Wash100 awardee, stressed the need for speed and that the U.S. “cannot afford to be second” to China in the field of artificial intelligence. Rozanski’s Insights on DeepSeek When asked about DeepSeek, Rozanski said on Monday during CNBC’s “Closing Bell Over...
