Pete Hegseth, secretary of defense and a 2025 Wash100 Award winner, has announced the intention of President Donald Trump to nominate retired Lt. Gen. Dan “Razin” Caine as chairman of the Joint Chiefs of Staff. In a press release published Friday, Hegseth also called for the nomination of key military positions. Who is the Next...
BAE Systems Space & Mission Systems has secured a $230.6 million delivery order from NASA for the construction of a spacecraft for the National Oceanic and Atmospheric Administration. The agency said Friday the spacecraft will be built for the Lagrange 1 Series project under NOAA’s Space Weather Next program. The firm-fixed-price...
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...
Matt Matthews has assumed the role of chief delivery officer at Client Solution Architects. The Virginia-based IT solutions provider said Wednesday that Matthews will be responsible for delivery operations and ensuring that CSA is well-positioned to address national security challenges. “Matt’s proven experience, forward-thinking v...
The U.S. Air Force has awarded RTX subsidiary Pratt & Whitney a potential three-year, $1.5 billion contract to sustain F119 engines for the military branch’s F-22 Raptor fighter aircraft. RTX said Thursday the engine sustainment contract will enhance readiness and reduce costs for more than 400 F199 engines that have logged over 900,000 fl...
Jennifer Swanson has been a dedicated U.S. Army civilian for over three decades — but she’s far from sitting back on her heels or letting a new guard of technologists outpace her. Swanson remains on the cutting edge of innovation and works tirelessly to find ways to get modern capabilities into the hands of warfighters...
Unanet, a company offering project-based enterprise resource planning and customer relationship management services, has completed the acquisition of software firm Contraqer. The Dulles, Virginia-headquartered company said Wednesday the acquisition of the market intelligence and procurement software provider aims to enhance Unanet’s ...
Parsons reported record fourth-quarter revenue of $1.7 billion, reflecting a 16 percent year-over-year growth, and noted that its full-year revenue for fiscal year 2024 jumped 24 percent to $6.8 billion, up 22 percent on an organic basis. Financial Highlights In an earnings release published Wednesday, the Chantilly, Virginia-based defense and infra...
