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...
Comtech Telecommunications has introduced a strategy to transform the company into a pure-play satellite and space communications provider. T&W Segment Strategic Alternatives Process The technology company said Thursday the transformation strategy includes an exploration of strategic alternatives for its terrestrial and wireless networks busines...
Kapil Wadhera has been at Intel for over 35 years and has gained a breadth of experience from across the company — from chip design to marketing, sales to general management. Given his wide-ranging expertise, he was an obvious choice to lead one of the key Intel Foundry efforts. This initiative was created in response...
The U.S. Department of State has approved the potential sale of portable radio equipment and related gear worth an estimated $1.42 billion to the Netherlands. The global communications business unit of L3Harris Technologies will be the principal contractor of the foreign military sale, which also includes products and services of TrellisWare Technol...
