Booz Allen Hamilton reported $3.1 billion in second-quarter revenue for fiscal year 2025, up 18 percent from the prior-year period, and saw its Q2 operating income increase by 105.5 percent to $548.6 million. In an earnings release published Friday, the McLean, Virginia-based information technology and management consulting firm said it ended the qu...
QinetiQ US has received a U.S. Army contract worth approximately $95 million to produce and deliver aerial target systems to the military branch in support of its training and testing activities. The company said Monday it will compete for task orders under the Aerial Target Systems 3 indefinite-delivery/indefinite-quantity contract awarded by Army ...
Executive Mosaic’s GovCon Index ticked 0.23% higher to $5,491.84 Friday, its only gain in five trading sessions. The index, which tracks the stock performances of 30 major government contractors, lost 2.24% week-on-week for its first losing week since the week ending Sept. 13. As of Oct. 25, 2024, the GovCon Index is up 17.64% year-to-date....
Invisible Technologies has appointed Wes Green, a 28-year defense and national security market veteran, as senior vice president to lead its newly launched global public sector operations. The company said Thursday Green will oversee Invisible’s collaboration efforts with federal agencies and technical staff through the global public sector segmen...
Dr. Stefanie Tompkins, director of the Defense Advanced Research Projects Agency, received her 2024 Wash100 Award from Executive Mosaic CEO Jim Garrettson during a recent meeting. Tompkins earned her third Wash100 award this year in recognition of spearheading the agency’s collaboration with numerous stakeholders to modernize quantum comp...
Chris Christou, a senior vice president at Booz Allen Hamilton and a leader within the company’s Chief Technology Office, has been appointed as chair of Executive Mosaic’s 4×24 5G Group. The 4×24 leadership program provides a platform for government contracting industry executives to connect and innovate with top federal offi...
Kristin Ruiz, who oversees the Transportation Security Administration’s $2.2 billion IT spend, will be speaking on a panel at the Potomac Officers Club’s 2024 Homeland Security Summit on Nov. 13. Don’t miss your chance to meet, learn from and network with Ruiz and other senior homeland security leaders from DHS, TSA, CBP, CISA and...
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...
