KBR reported $2.1 billion in fiscal 2024 fourth-quarter revenue, up 23 percent from the prior-year period, and saw its full-year revenues increase 11 percent to $7.7 billion, reflecting a 9 percent organic growth. Q4, Full-Year Financial Highlights In an earnings release published Monday, the Houston-based engineering contractor said Q4 net income w...
In terms of communications, Department of Defense leaders recognize that U.S. military operations are going to require a varied patchwork of systems and approaches. Both private and public networks have their places in certain environments and for specific purposes; sometimes, one Pentagon leader suggested at a conference in mid-2024, using exi...
Scott Pfister is the president and CEO of Precise Systems, where his leadership has fueled the company’s growth as a government services solutions provider. On his watch, Precise has expanded to over 1,300 employees and successfully completed three acquisitions, broadening its footprint both nationwide and internationally. Pfister’s comm...
Raytheon, an RTX business, has been awarded a $322.5 million contract modification by the U.S. Army for the procurement of tube-launched, optically tracked, wireless-guided, or TOW, weapon systems. TOW Missile Production Contract The Department of Defense said Friday the company would perform the work for the project at its facility in Tuc...
Executive Mosaic’s GovCon Index fell -1.89% on Friday to settle at $4,495.05, a new low. The index, which tracks the stock performances of 30 major government contractors, lost -1.77% for the week and posted its fifth consecutive weekly loss. The decline in the Index of Consumer Sentiment due to higher inflation expectations was the headwind...
An affiliate of Los Angeles-based investment firm Gallant Capital Partners has completed its acquisition of Navient’s government services business. Navient said Friday Gallant Capital will absorb approximately 1,200 employees as part of the transaction, which will enable the education finance platforms provider to exit the business processing solu...
KBR has won a U.S. Air Force contract worth approximately $176 million to provide equipment maintenance and operations support for space domain awareness technologies at the Air Force Maui Optical and Supercomputing Site, or AMOS, in Hawaii. The Department of Defense said Thursday the Air Force Research Laboratory, or AFRL, launched a competitive ac...
BWX Technologies, a manufacturing and engineering firm specializing in nuclear services, has been awarded a $2.1 billion contract by the U.S. Navy for the procurement of nuclear reactor components for the Naval Nuclear Propulsion Program. BWXT Nuclear Reactor Component Contract The Lynchburg, Virginia-based company said Wednesday it will manufa...
Unanet, a company offering project-based enterprise resource planning and customer relationship management services, has completed the acquisition of software firm Contraqer. The Dulles, Virginia-headquartered company said Wednesday the acquisition of the market intelligence and procurement software provider aims to enhance Unanet’s ...
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...
