HII reported a record revenue of $3.2 billion during the third quarter of fiscal year 2025, up 16 percent year-over-year and exceeding the projected $2.96 billion by 8.11 percent. In an earnings release published Thursday, the shipbuilding and defense services company posted earnings per share of $3.68, a 9.85 percent increase that surpas...
BWX Technologies has received a $174 million contract from the U.S. Navy to manufacture nuclear reactor fuel in support of the Naval Nuclear Propulsion Program. BWXT said Thursday the Navy contract was awarded on Sept. 10. What Is the Scope of the Naval Nuclear Fuel Contract? Under the agreement, BWXT’s Erwin, Tennessee-based subsidiary Nuclea...
Arlington Capital Partners has closed its seventh private equity fund, Arlington Capital Partners VII, with $6 billion in capital commitments, surpassing its $4.75 billion target and reaching its hard cap in less than five months. The oversubscribed fund marks a 57 percent increase from the firm’s previous fund in 2023 and more than 250 percen...
Leonardo DRS has announced a leadership transition that will see longtime executive John Baylouny become president and CEO, succeeding William Lynn, who will retire after 14 years leading the company. The leadership changes also include the election of Frances Fragos Townsend as chair of the board, Leonardo DRS said, noting that the developmen...
Siemens has appointed seasoned technology executive T’Neil Walea as vice president and head of its U.S. federal, aerospace and defense business. Her Siemens Digital Industries team will focus on digitalization and modernization support for the defense industrial base and the federal government, Walea said in a LinkedIn post announcing her appo...
Vibrint has named Skip Maselli, a business growth strategist, vice president of business development. In a LinkedIn post published Monday, Maselli said he will drive capture strategy, partnerships and go-to-market initiatives to scale outcomes across the national security community. Vibrint has teams of technologists and analysts who pursue innovati...
Voyager Technologies said its acquisition of ExoTerra Resource positions the company for major national security initiatives such as Golden Dome, while expanding its ability to deliver flight-proven propulsion systems across defense and commercial markets. What Does ExoTerra Bring to Voyager? ExoTerra specializes in advanced electric propulsion tech...
The U.S. Secret Service’s Office of Human Resources has announced plans to recompete the Human Resources Staffing Support Services contract. As a key federal law enforcement agency under the Department of Homeland Security, the U.S. Secret Service plays a vital role in national protection efforts. Join the Potomac Officers Club’s 20...
SAIC has secured a $241.7 million indefinite-delivery/indefinite-quantity contract from the Naval Undersea Warfare Center Division Newport to provide maintenance and upgrades at the Propulsion Test Facility in Rhode Island. What Work Will SAIC Perform Under the New Contract? Under the five-year contract, SAIC will handle the upkeep, testing and mode...
CACI International reported an 11.2 percent year-over-year increase in revenues to $2.3 billion during the first quarter of fiscal year 2026 and ended the quarter with a total backlog of $33.9 billion, up 4.6 percent from the previous year’s $32.4 billion. In an earnings statement published Wednesday, the Reston, Virginia-based government technolo...
