KBR reported $2.1 billion in fiscal 2024 fourth-quarter revenue, up 23 percent from the prior-year period, and saw its full-year revenues increase 11 percent to $7.7 billion, reflecting a 9 percent organic growth. Q4, Full-Year Financial Highlights In an earnings release published Monday, the Houston-based engineering contractor said Q4 net income w...
Scott Pfister is the president and CEO of Precise Systems, where his leadership has fueled the company’s growth as a government services solutions provider. On his watch, Precise has expanded to over 1,300 employees and successfully completed three acquisitions, broadening its footprint both nationwide and internationally. Pfister’s comm...
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...
Ridgeline International has agreed to acquire System High for an undisclosed sum as part of efforts to establish a scaled provider of high-end security offerings designed to protect the country’s weapons systems, critical operations and intelligence missions. According to a joint release published Wednesday, the companies expect the transactio...
Lockheed Martin has secured a five-year, $99.6 million contract from the U.S. Navy to perform design and development studies, conduct technology demonstrations and provide engineering services to support the rapid development of several missile systems. IDIQ Contract Scope The Department of Defense said Tuesday the indefinite-delivery/indefinite-qua...
Michele St. Mary has been selected as the new chief legal officer and general counsel at Amentum, effective immediately. The advanced engineering and innovative technology services provider said Monday that St. Mary would oversee its legal, ethics, compliance, contracts and security functions worldwide. She will be responsible for corporat...
The U.S. Navy’s Naval Air Warfare Center Training Systems Division is planning to award a contract potentially worth $401 million to Collins Aerospace, an RTX business, for the procurement of E-2D Hawkeye Integrated Training Systems, or E-2D HITS. According to the notice posted on SAM.gov Thursday, the contract is anticipat...
The U.S. Space Force has released a draft request for proposals for the third iteration of the GPS Engineering, Analysis and Remote Site Sustainment, or GEARSS, program. According to a presolicitation notice published Tuesday, Space Operations Command Mission Delta 31, 31st Sustainment Squadron will accept comments, questions and feedback on the dra...
The Department of Veterans Affairs has awarded Planned Systems International a potential five-year, $156.1 million contract to provide support for the testing community overseen by the VA Electronic Health Record Modernization Integration Office, or EHRM-IO, Program. The VA EHRM-IO Program is the program executive office responsible for the deployme...
Chenega has appointed Peter Nosek as senior vice president, chief legal officer, and chief ethics and compliance officer. The Alaska native corporation also named Kris Singleton president of its Astraeus Operations subsidiary, according to the executive’s Linkedin post. Astraeus Operations, established in 2021, provides IT, cyber and engineeri...
