V2X reported $1.02 billion in revenue during the first quarter of 2025 with a 10 percent year-over-year growth in the Indo-Pacific region. Q1 Financial Highlights In an earnings release published Monday, the Reston, Virginia-based defense services contractor said its Q1 adjusted net income was $31.5 million, reflecting a 10 percent year-over-year in...
The U.S. Army has awarded spots to eight companies on a $499 million contract for the Geospatial Research, Integration, Development and Support IV, or GRIDS IV, program. GRIDS IV Contract Details The Department of Defense said Monday the companies selected to compete for each order of the contract are: General Dynamics Information Technology&nb...
After hitting pause on the implementation of tariffs on all countries, except China, the White House now has a “golden opportunity” to negotiate new trade and investment deals with friendly nations, isolate adversaries and bring manufacturing back to the United States, according to Juan Zarate, chairman of the Center on Economic and Fina...
Anduril Industries has entered into a definitive agreement to acquire Dublin, Ireland-based Klas, an engineering and design company specializing in edge computing and tactical communications. Boosting Autonomous Systems and Connected Warfare Anduril said Monday the planned acquisition aims to boost the defense technology company’s po...
Leidos has been awarded a $205 million contract to provide services in support of the modernization and operation of IT systems for the Defense Threat Reduction Agency, or DTRA, enterprise. Bolstering Defense Against Emerging Threats The Reston, Virginia-based company said Monday the five-year DTRA Integrated Information Technology Support...
Allocore has completed its purchase of RiverNorth, expanding its reach across federal agencies and strengthening its position as a provider of loan, grant and fraud protection technologies for federal, state and local governments. Supporting Government Partners Through Fraud Protection Tech Enlightenment Capital-backed Allocore said Monday...
Serco Group’s U.S. arm has promoted Kim Joiner, most recently senior adviser to the chief technology officer, to the position of vice president of government relations. “Kim’s wealth of experience will be an incredible benefit to Serco. Her efforts to enhance our presence on Capitol Hill and within various Departments and Age...
The Department of State has approved the proposed foreign military sale of AIM-9X Block II Tactical Missiles and related equipment to Norway for $370.9 million. RTX will serve as the principal contractor for the transaction, the Defense Security Cooperation Agency said Friday. Weapon Sale to Norway According to the DCSA, the Norwegian gov...
Paul Hovsepian shared on LinkedIn Saturday that he has been named vice president of contracts and supply chain at QinetiQ. In his new VP role, Hovsepian will leverage his three decades of experience in contracts and procurement in various sectors, including commercial, government, international and domestic markets. He will spearhead...
CHAOS Industries raised $275 million during its recent Series C funding round. John Tenet, founder and co-CEO of CHAOS Industries, said Friday that the latest funding round reflects the company’s commitment to invest and deliver advanced defense technologies to strengthen national security. “CHAOS Industries is delivering transform...
