Eight companies have won positions on a potential $450 million multiple-award contract to provide design, planning, development, integration and maintenance support for the Library of Congress’ IT systems and software applications. The federal cultural institution disclosed the winning vendors for the Agile System Development Support Services ...
IBM has finalized its acquisition of HashiCorp to broaden its capabilities designed to help organizations automate hybrid-cloud environments to drive innovation and strengthen security amid the rapid adoption of artificial intelligence tools. “Organizations globally are looking to deploy modern, hybrid cloud-ready apps, which require automated...
Praveen Kurian, a 15-year veteran of the defense contracting industry, has announced on LinkedIn that he has been appointed senior vice president of defense space at SAIC. Praveen Kurian’s Career Highlights The executive was most recently the VP of defense space for almost two years before he was elevated to his curren...
By Venkatapathi “PV” Puvvada, CEO of NetImpact Strategies Understanding the Cost of Technical Debt in Federal IT The United States has long struggled with managing its financial debt—borrowing beyond its means, deferring payments and accumulating obligations that eventually come due. The same holds true for technical debt, the si...
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...
