Mike Krafft, an industry veteran with 32 years of experience, shared on LinkedIn Sunday that he has been promoted to vice president of federal at Broadcom. Who Is Mike Krafft? Before his promotion, Krafft served as the director of national security and federal systems integrators, a position he had held since joining Broadcom in 2023. Prio...
Pond Constructors has landed a potential $2.5 billion contract from the U.S. Air Force to provide maintenance, repair and construction services for the Department of Defense’s fuels infrastructure. Contract Scope and Details The Department of Defense said Tuesday the indefinite-quantity/indefinite-delivery contract encompasses new constru...
Executive Mosaic CEO Jim Garrettson has presented the 2025 Wash100 Award to Carey Smith, chair, president and CEO of Parsons. Garrettson, who founded the Wash100 Award in 2014, personally congratulated Smith for her seventh Wash100 win during a visit to Parsons’ office. Smith Leads Parsons Toward Growth The Wash100 Award is handed out annually...
Rocket Lab has agreed to acquire Geost, signaling the latter’s expansion into the satellite payload segment. The launch services and space systems company said Tuesday it will acquire Geost’s parent holding company from Lightridge Solutions for $275 million in cash and common stock shares, plus potential additional cash earnout...
Serco‘s U.S. subsidiary has expanded its live and virtual training capabilities for U.S. and international customers with the acquisition of Northrop Grumman‘s mission training and satellite ground network communications software business. The $327 million transaction, which secured all necessary regulatory approvals and satisfied other ...
The U.S. Army has awarded Parsons Government Services a firm-fixed-price contract valued at $169.4 million to design and construct a new facility for ammonium nitrate solution at the Holston Army Ammunition Plant in Tennessee. The Department of Defense said the award has an estimated completion date of May 31, 2029. Under the contrac...
Gen. Michael Guetlein, vice chief of space operations of the U.S. Space Force, was presented with the 2025 Wash100 Award during a recent visit by Executive Mosaic CEO Jim Garrettson. Garrettson founded the Wash100 Award in 2014 to honor the most notable executives shaping the future of the government contracting industry. These impact...
Lockheed Martin has received a potential $214.4 million contract from the U.S. Army to support the recapitalization of the Multiple Launch Rocket System, or MLRS, into the M270A2 configuration. The Department of Defense said Friday the Army Rapid Capabilities and Critical Technologies Office at Redstone Arsenal in Alabama is funding the cost-plus-fi...
NASA has awarded a contract worth up to $98 million to ASRC Federal System Solutions for financial, project planning and control support services. The Program Analysis and Control Bridge Contract has a 13-month period of performance that commenced on May 24 and includes cost-plus-fixed-fee and indefinite-delivery/indefinite-quantity components, the ...
Booz Allen Hamilton reported that its revenue for the fourth quarter and full fiscal year 2025 rose 7.3 percent and 12.4 percent year-over-year to $3 billion and $12 billion, respectively. In an earnings release published Friday, the McLean, Virginia-based IT and management consulting firm said it ended the fourth quarter with a record backlog of...
