David Flowers announced on LinkedIn Thursday that he has been appointed vice president of business development at LinTech Global, a Dexian company. The new LinTech executive brings extensive experience in program management and government contracting to his new VP role. Flowers served in the defense and space industry, where he held v...
SAIC reported $1.84 billion in revenue during the fourth quarter of fiscal year 2025, reflecting a 5.8 percent organic growth, and saw its full-year FY 2025 revenue increase by 3.1 percent organically to $7.48 billion. Q4, Full FY25 Financial Highlights In an earnings statement published Monday, the Reston, Virginia-based government technology servi...
Executive Mosaic’s GovCon Index finished +2.37% higher at $4,656.07 Friday to register a second straight winning week. The index, which tracks the stock performances of 30 major government contractors, posted a +3.3% week-on-week gain overall despite three broad market selloffs during the week. It also trimmed the year-to-date loss to -3.87% f...
Praveen Kurian, a 15-year veteran of the defense contracting industry, has announced on LinkedIn that he has been appointed senior vice president of defense space at SAIC. Praveen Kurian’s Career Highlights The executive was most recently the VP of defense space for almost two years before he was elevated to his curren...
The GovCon Index registered four daily losses in five trading sessions for two straight weeks. On Friday, the index, which tracks the stock performances of 30 major government contractors, fell -1.64% to $4,576.02. This represents four consecutive weekly losses since the last two weeks of January. Defense stocks have taken a hit because of policy...
By Payam Pourkhomami, President & CEO of OSIbeyond The Department of Defense’s Dec. 16, 2024 final rule on the Cybersecurity Maturity Model Certification program marks a decisive shift in how defense contractors must approach cybersecurity compliance. Under the CMMC clause (DFARS 252.204-7021), contractors must meet one of three certificat...
Gladstone Investment and Proteus Enterprises have signed a definitive agreement to acquire Michigan-based engineering services and systems integration provider Ricardo Defense. The transaction is expected to close by the end of 2024, Gladstone Investment said Thursday. The companies did not disclose additional details about the sale, but Glads...
On the heels of the 2024 presidential election, the GovCon market is bracing for major change and transformation. Looking ahead to 2025, much is still in the air for the public sector, but there are still clear emerging themes and momentum in the market. Baird Managing Director Jean Stack, a Wash100 Award winner, dove into these market...
Michael Smith, a seasoned executive specializing in technical program leadership and direction, has been elevated to chief information officer at V2X, according to the executive’s LinkedIn post Sunday. Smith spearheads V2X’s IT systems and operations worldwide while managing its cyber and information security and business applicati...
Mobix Labs (Nasdaq: MOBX) has offered to acquire EMCORE (Nasdaq: EMKR), a provider of inertial sensors and systems for land, sea, air and space applications in the aerospace and defense market. The Irvine, California-headquartered fabless semiconductor company said Monday its all cash proposed offer is $3.80 per share, representing a more than 200 p...
