Executive Mosaic’s GovCon Index closed 0.83% higher at $4,884.32 before the weekend. It was a rare second-straight daily gain in December but not enough to reverse course. The index, which tracks the stock performances of 30 major government contractors, lost 1.31% overall for the week following a sharp 2.64% drop on midweek. On Wall Street,...
South Korea-based Hanwha Systems and Hanwha Ocean have closed their acquisition of U.S. shipbuilder Philly Shipyard for approximately $100 million to expand its footprint in the U.S. market for defense growth and commercial shipbuilding. David Kim, most recently executive vice president for Hanwha Defense USA, has been appointed CEO of the acquired ...
The Professional Services Council has elected DLH President and CEO Zachary Parker, Amentum CEO John Heller and CGI Federal President Stephanie Mango as its board officers for 2025. PSC said Thursday Parker and Heller will continue to serve as the council’s board chair and vice chair, respectively, while Mango will continue as secretary. In ...
2024 has seen a number of significant mergers and acquisitions in the government contracting sector. With organizations seeking to expand their portfolios, increase competitive advantage and break into new markets, M&A activity has transformed the industry. From aerospace and defense to cybersecurity and technology innovation, these deals are re...
Heather Gerczak, chief administrative officer at Integral Federal, has been named chair of Executive Mosaic’s 4×24 Contracts Group. The 4×24 Executive Leadership Program unites senior industry executives and top government officials through a series of dinners designed to increase collaboration between public and private sector...
Firefly Aerospace will launch six scientific experiments and technology demonstrations on the lunar surface for NASA. The Cedar Park, Texas-based company secured a $179 million contract under the Commercial Lunar Payload Services initiative, which tasks American companies to conduct space missions in support of the Artemis campaign, NASA said Wednes...
The Senate voted 85-14 on Wednesday to pass a defense bill that would authorize $895.2 billion in fiscal year 2025 funding for national defense. The Senate Armed Services Committee said Wednesday the FY 2025 National Defense Authorization Act, or NDAA, would authorize $849.9 billion for the Department of Defense and $33.3 billion for the Department...
Current events are changing and shaping the military health landscape. From the global pandemic to increasingly contested environments, military branches are considering a wide range of emerging factors as they look to advance military health. GovCon Wire sat down with Corey Hastings, chief financial officer at the Henry M. Jackson Foundation f...
There are few people more qualified on the subject of wireless networking and communications than Dr. Thomas Rondeau. The highly knowledgeable, innovative official is currently steering research and development work on future generation, or FutureG, technologies at the Department of Defense as a principal director. He’s been at the DOD in var...
Amentum posted $8.4 billion in generally accepted accounting principles, or GAAP, revenues for fiscal year 2024 and reported $13.9 billion in FY 2024 pro forma revenues, reflecting a 4 percent year-over-year increase associated with new contract awards and growth on existing programs. In an earnings release published Monday, the Chantilly, Virginia-...
