General Dynamics saw its third-quarter 2024 revenue increase 10.4 percent to $11.7 billion and reported operating earnings of $1.2 billion and $3.35 in diluted earnings per share, up 10.2 percent from the prior-year period. In an earnings report published Wednesday, the Reston, Virginia-based defense and aerospace contractor said it achieved a compa...
Artificial intelligence is undoubtedly one of the most disruptive and transformative technologies of our time. AI advancements are being made at unprecedented speeds, redefining the tech landscape and changing the pace of innovation. But while there’s a lot of hype surrounding AI today, GovCon leaders agree that it will one day be as integrate...
Lockheed Martin posted $17.1 billion in net sales and $1.6 billion in net earnings during the third quarter of 2024. The defense contractor said Tuesday in its financial results for the quarter ended Sept. 29 that its net sales grew 1 percent compared to $16.9 billion in Q3 2023. Business Segment Financial Results The aeronautics...
RTX reported fiscal 2024 third-quarter sales of $20.1 billion, 8 percent organic sales growth and $2 billion in free cash flow. In an earnings report published Tuesday, the Arlington, Virginia-based aerospace and defense contractor posted a record backlog of $221 billion with the defense segment accounting for $90 billion of that backlog. The compan...
The U.S. Navy has awarded CACI International a task order valued at up to $805 million to provide engineering services and technologies in support of the NavalX Office. The five-year award will enable NavalX to enhance operational performance and integrate multi-domain systems, CACI said Monday. Under the deal, the Reston, Virginia-based contractor ...
Invoke Public Sector will provide federal agencies with intelligence automation as a service under a five-year Small Business Innovation Research program contract. The indefinite-delivery/indefinite-quantity contract is worth $47 million and covers robotic process automation, artificial intelligence, machine learning and other automation technologie...
The U.S. Air Force Research Laboratory has awarded Boeing a potential nine-year, $277 million contract to help develop electro-optics and directed energy technologies to support the Space Electro-Optics Division’s mission of advancing the country’s space superiority capabilities. The Department of Defense said Monday the company will perform...
The Defense Advanced Research Projects Agency has issued a request for information to identify top-tier investors that could be invited to participate in Venture Horizons, an initiative that seeks to provide them an opportunity to engage with DARPA’s subject matters and invest in the agency’s portfolio of technologies. According to the RFI initi...
The GovCon market is facing some degree of uncertainty as the presidential election approaches and a continuing resolution puts a pause on funding growth. But one thing GovCon leaders know for certain is that the defense and government markets are rife with opportunities and poised for significant growth. At the Raymond James 2024 Defense and...
Parsons has secured a spot on the U.S. Army Corps of Engineers’ potential five-year, $225 million multiple-award contract for environmental remediation activities. In a press release on Thursday, Parsons said it will compete for task orders to support USACE Northwestern Division and the Environmental Protection Agency Region 2 in conducting wetlan...
