John Zangardi, former chief information officer of the Department of Homeland Security, has decided to retire as chief executive officer of Redhorse. The San Diego, California-based company said Monday Zangardi, chairman of Executive Mosaicâs 4×24 Leadership Group 2, will officially retire at the end of 2024. The seasoned...
Fresh off nearly a decade at Capgemini Government Solutions, Wash100 Award winner Bill Webner joined Summit Technology Consulting Group in June. However, that venture has, with Webnerâs help, now rebranded, transforming into the new Allocore. We were excited to catch up with this accomplished executive to learn about the new company, what it ...
Parsons, a technology-focused firm and federal government contractor, reported record revenues, earnings and other milestones in the third quarter of 2024. In a statement released Wednesday, Carey Smith, chair, president and CEO of Parsons, said, “We delivered record third-quarter results for total revenue, organic revenue growth, net income, ...
Cloud technologies have become widely adopted across the federal government. The Department of Defense made a significant investment in cloud at the end of 2022 with its $9 billion multi-vendor JWCC contract. But now, two years later, what’s on the horizon for cloud in the public sector? According to Steve Derr, vice president of Oracle̵...
Parsons has agreed to acquire Miami-based BCC Engineering for approximately $230 million in cash as part of efforts to enhance its infrastructure capabilities and expand its presence in the Southeastern U.S. Strengthening Infrastructure Capabilities Parsons said Monday the all-cash transaction is expected to be finalized in the next 30 days and alig...
Executive Mosaicâs GovCon Index finished 0.32% higher at $5,342.51 before the weekend and logged its first all-week performance following gains from Monday to Friday. While the 2.42% overall weekly gain was only the second-best on record, the index tracking the stock performances of 30 major government contractors extended its winning streak to ni...
Executive Mosaicâs GovCon Index fell 2.15% at the start of the week, then posted four straight daily gains, highlighted by the 1.74% jump Thursday. The index, which tracks the stock performances of 30 major government contractors, ended slightly higher at $5,216.43 Friday but registered a 0.03% week-on-week loss overall. Wall Street had a tumultuo...
Executive Mosaicâs GovCon Index extended its winning streak to four weeks despite significant drops to start August. On Friday, the index declined 0.89% to $5,218.19 but still gained 0.70% for the week following Wednesday’s hefty 1.35% gain. Moreover, GCI outperformed Wall Street’s top three indexes for the week. The blue-chip Do...
Parsons (NYSE: PSN) posted a record revenue of $1.7 billion during the second quarter of 2024, reflecting a year-over-year growth of 23 percent, and ended the quarter with a total backlog of $8.8 billion with a book-to-bill ratio of 0.9x on net bookings of $1.5 billion. The Centreville, Virginia-based defense and infrastructure engineering company s...
Parsons (NYSE: PSN) has agreed to buy BlackSignal Technologies for approximately $200 million to broaden its cybersecurity, artificial intelligence and electronic warfare capabilities and its client base across the Department of Defense and Intelligence Community. Chantilly, Virginia-based Parsons said Tuesday it expects the transaction to be comple...
