Lockheed Martin reported $18.2 billion fiscal 2025 second-quarter sales, a total backlog of $166.5 billion and Q2 net earnings of $342 million, or $1.46 per share. In an earnings release published Tuesday, the Bethesda, Maryland-based aerospace and defense contractor said its cash from operations was $201 million during the second quarter of 2025, d...
Booz Allen Hamilton, in partnership with L3Harris Technologies, will deliver a prototype of the Advanced Battle Management System Distributed Battle Management Node Phase II Tactical Operations Center-Light for the Department of the Air Force Program Executive Office for Command, Control, Communications and Battle Management. The work will be perfor...
Booz Allen Hamilton has increased to $300 million its capital commitment to its venture capital arm as part of efforts to drive U.S. innovation through investments in early-stage technology companies with tech capabilities that could transform U.S. government missions. The company said Monday it expects Booz Allen Ventures to make 20 to 25 new inves...
QinetiQ US has appointed Scott McGleish as its new chief growth officer to accelerate its expansion into strategic growth areas, particularly within defense and national security sectors. Who Is Scott McGleish? McGleish steps into the role with more than three decades of senior executive experience in aerospace and defense development and profit and...
Applied Information Sciences, or AIS, a provider of cloud and artificial intelligence technologies for the federal government, has acquired Dorrean. AIS said Thursday that the transaction is part of its efforts to expand its presence in the U.S. federal market and is in line with its goal of investing in high-impact mission areas. What i...
The U.S. Army Corps of Engineers has awarded Johnson Controls Building Automation Systems a $377.9 million firm-fixed-price contract for the procurement, installation, maintenance and service of building automation systems. According to an award notice posted on SAM.gov on Thursday, work under the Metasys Building Automation Systems IV contract will...
BWX Technologies has secured approximately $2.6 billion in contracts from the U.S. Naval Nuclear Propulsion Program to produce naval nuclear reactor components. The work supports ongoing construction of Virginia- and Columbia-class submarines and includes select components for Ford-class aircraft carriers, BWXT said Thursday. The multiye...
L3Harris Technologies has appointed Eric DiStasi as vice president of strategy and business development and general manager of its advanced missile programs. DiStasi confirmed his new role in a LinkedIn post Thursday. Who is Eric DiStasi? The executive is a long-time defense industry leader. He joined L3Harris in 2021 as director of corporate strate...
Fairbanks Morse Defense has completed its acquisition of Rolls-Royce’s naval propulsors business as part of a push to expand its capabilities to support the U.S. marine defense industrial base, strengthen national security and advance regional economic growth. “This acquisition represents a strategic investment in sustaining the United S...
The Chief Digital and Artificial Intelligence Office, or CDAO, has awarded AvaWatz a spot on the potential $249 million AI Talent 2.0 basic ordering agreement. AI Talent 2.0 BOA Scope The AI platforms and real-time decision systems provider said Tuesday the multi-award contracting vehicle enables it to provide Department of Defense agencie...
