General Dynamics reported double-digit revenue and profit growth in the fourth quarter of 2024 compared to Q4 2023 and ended the year with a $90.6 billion in backlog plus an estimated additional value in unfunded indefinite delivery, indefinite quantity contracts and unexercised options, of $53.4 billion. The company said Wednesday in the three mont...
Serco Group‘s U.S. subsidiary will acquire MT&S, Northrop Grumman‘s mission training and satellite ground network communications software business, for $327 million in cash. MT&S has almost a thousand workforce and supports U.S. military programs through advanced mission training services and software engineering, Serco said Thur...
By Kim Koster, Vice President of Industry Marketing at Unanet 2024 has come to an end. You’ve closed your books and moved on to 2025. Before you look ahead, however, one question: How did your year-end accounting process go? Was it smooth and painless, or did an inefficient process and disorganized data cause you headaches? ...
Defense manufacturer Castelion has raised $100 million in equity and debt financing. The El Segundo, California-based company said Wednesday it will use the capital to increase prototype testing, scale manufacturing facilities and conduct a capability demonstration of its first hypersonic strike weapon. Financing Round Castelion secured $70 million ...
Julia Laurenzano MacDonough, a seasoned military and civil space professional, has been appointed vice president and general manager for Air Force and missile defense strategic systems at Draper. The Cambridge, Massachusetts-based company said Wednesday MacDonough will manage Draper’s research, development and production programs for the...
Federal technology services contractor Harmonia Holdings Group has acquired Maveris for an undisclosed sum to strengthen its cybersecurity capabilities and expand relationships with other government customers, including the Department of Veterans Affairs. Harmonia said Wednesday it will operate Maveris as a wholly owned subsidiary. Brian Heder and C...
The Wash100 Award, the longest running recognition of current and future success in the government contracting industry, has revealed its 2025 class of winners. These 100 executives are superstars in the eclectic, competitive and talented industrial base and federal sector. Together, these government officials and industry leaders usher technol...
Lockheed Martin has reported 2024 net sales of $71 billion, a 5 percent increase from $67.57 billion generated in 2023, and backlogs of $176 billion compared to just $160.6 billion the year prior. The company said in its recent earnings release that it is expecting a modest increase in net sales in 2025. “2024 was...
General Electric’s Edison Works business has secured a potential $3.5 billion contract modification from the U.S. Air Force to perform technology maturation and risk reduction services in support of a program that aims to develop advanced jet engine technology. Next Generation Adaptive Propulsion Program The Department of Defense said Mo...
WidePoint has completed the integration of IT Authorities as an operating subsidiary, allowing the technology company to expand its IT capabilities and positioning it as a full federal service integrator. “This integration further broadens and enhances our service capabilities, reinforcing our commitment to differentiating WidePoint’s services a...
