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...
In terms of communications, Department of Defense leaders recognize that U.S. military operations are going to require a varied patchwork of systems and approaches. Both private and public networks have their places in certain environments and for specific purposes; sometimes, one Pentagon leader suggested at a conference in mid-2024, using exi...
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...
By Kim Koster, Vice President of Industry Marketing at Unanet The world of federal contracting is in a state of transition, driven by shifting policy priorities, delayed contract awards and workforce changes within government agencies. Contractors who pivot in response to these evolving dynamics by proactively adjusting their business developme...
Pete Hegseth, secretary of defense and a 2025 Wash100 Award winner, has announced the intention of President Donald Trump to nominate retired Lt. Gen. Dan “Razin” Caine as chairman of the Joint Chiefs of Staff. In a press release published Friday, Hegseth also called for the nomination of key military positions. Who is the Next...
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...
The FBI has awarded Vertex Aerospace a potential five-year, $100 million contract to provide maintenance support services for the bureau’s fixed- and rotary-wing aircraft. According to an award notice published Friday on SAM.gov, the bureau launched a competitive acquisition for the single-award, indefinite-delivery/indefinite-quantity contrac...
Matt Matthews has assumed the role of chief delivery officer at Client Solution Architects. The Virginia-based IT solutions provider said Wednesday that Matthews will be responsible for delivery operations and ensuring that CSA is well-positioned to address national security challenges. “Matt’s proven experience, forward-thinking v...
The Defense Health Agency’s Contracting Division-Professional Services has requested proposals for a potential $1.6 billion firm-fixed-price, cost-reimbursable contract to provide medical and dental readiness services. Remote Health Readiness Program-4 Contract According to the notice posted on SAM.gov Thursday, the selected vendor will p...
Jeff Shockey has been selected as the new executive vice president of government operations, global public policy and corporate strategy at Boeing. The global aerospace company said Thursday Shockey will officially assume the role on Feb. 24 and will serve on the company’s executive council. He will spearhead Boeing’s global pu...
