Parsons (NYSE: PSN) reported record revenue of $1.5 billion during the first quarter of 2024, reflecting a year-over-year increase of 31 percent, and a record Q1 organic revenue growth of 29 percent due to the continued ramp-up on contract awards and execution on the company’s backlog programs. The Centreville, Virginia-based defense and infra...
Leidos (NYSE: LDOS) reported strong top- and bottom-line results in the first quarter of 2024. The provider of scientific, engineering, systems integration and technical services to clients in the national security, engineering, and health sectors also raised its full-year guidance. Thomas Bell, CEO of Leidos and a 2024 Wash100 awardee, said in a st...
Special Aerospace Services, a portfolio company of Godspeed Capital Management, has acquired Willbrook Solutions, a Huntsville, Alabama-headquartered provider of analytics services to defense, civilian and intelligence sectors. Willbrook will bring a team of 75 cleared industry professionals who support critical missile defense programs to SAS, a ne...
In 2022, LMI underwent a significant organizational shift as it entered the for-profit arena after six decades as a federally funded research and development center. Now, two years later, Executive Mosaic spoke with LMI CEO Doug Wagoner to learn more about the company’s growth strategy, M&A opportunities, and core values as LMI taps into its...
Sierra Nevada Corp. has won a potential $13.1 billion contract from the U.S. Air Force to develop and produce a new aircraft to replace the service branch’s fleet of E-4B National Airborne Operations Center planes, also known as Nightwatch. The Air Force Life Cycle Management Center conducted a competitive acquisition process and received two offe...
Government agencies are seeing more efficient responses and resolutions to cybersecurity issues as a result of a number of strategies, including a focus on collaboration, according to officials from the Cybersecurity and Infrastructure Security Agency. CISA’s David Carroll, who serves as associate director for mission engineering, credits private...
Scott Wood, formerly vice president of programs at Leonardo DRS (Nasdaq: DRS), has been named VP of defense programs at T-Rex Solutions, a provider of information technology modernization services to government agencies. He will manage the company’s growth strategy and oversee the delivery of IT products and services to the Department of Defen...
Northrop Grumman (NYSE: NOC) has secured a potential $167.1 million contract modification from the U.S. Navy to supply four lot 6 full-rate production Ground/Air Task Oriented Radar systems. Marine Corps Systems Command is the contracting activity and will obligate the full contract amount using the U.S. Air Force’s other procurement funds for...
Like many government agencies, the Department of Homeland Security’s U.S. Customs and Border Protection manages petabytes of data flowing through it every day. They perform an estimated 50 billion data exchanges and 10 billion transactions daily. This also means there are roughly 100 million cyber attack attempts per day on their network, accordin...
Scott Alexander, formerly a vice president at RTX (NYSE: RTX) business Raytheon has been named president of missile solutions at Aerojet Rocketdyne, an L3Harris Technologies (NYSE: LHX) subsidiary, according to his LinkedIn post. Alexander joined the L3Harris subsidiary after serving as VP of integrated missile defense solutions at Raytheon since Ju...
