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HII reported $3 billion in fourth-quarter revenues for fiscal 2024 and saw its full-year revenue increase 0.7 percent to $11.5 billion. In an earnings release published Thursday, the military shipbuilding company logged $12.1 billion in new contract awards and ended the year with a total backlog of approximately $48.7 billion. HII recorded quarterly...
Honeywell has announced plans to separate its automation and aerospace technologies businesses into two standalone public entities as the multinational conglomerate continues to simplify its operating structure and optimize its portfolio to drive growth. The move came four months after Honeywell announced plans to spin off its advanced material...
Mike Marshall, a former principal and health market business leader at Booz Allen Hamilton, has joined technology consulting and partner training provider Fedstack as senior vice president for client solutions. The company said Thursday Marshall’s hiring is geared toward establishing its position as an integral partner to federal clients. R...
Digital services provider DMI has divested a business segment to digital engineering services firm Encora to strengthen its focus on delivering innovative technology platforms to federal, state and local government agencies and providing managed services for public sector and commercial customers. Advancing Digital Transformation Following the sale,...
Cisco has completed its purchase of SnapAttack, a cybersecurity-focused spinoff of Booz Allen Hamilton. “We spun out SnapAttack because we believe in the power of dual-use technology to speed outcomes,” said Booz Allen Chief Financial Officer Matt Calderone said in a statement published Wednesday. “When great products scale in the commercial m...
Amentum reported $3.4 billion in first-quarter revenues for fiscal year 2025, reflecting a 2.3 percent increase on a pro forma basis driven by growth in the company’s digital and global engineering solutions segments. Q1 Fiscal 2025 Results In an earnings release published Tuesday, Amentum said its generally accepted accounting principles, or ...
Mike Daniels, a seasoned technology executive, has been appointed vice president and general manager of public sector at Databricks, he announced on a LinkedIn post Sunday. In his new role, Daniels will be responsible for driving the growth of the company’s Data intelligence platform and helping enable public sector entities to organize,...
Booz Allen Hamilton saw its revenue increase 13.5 percent to $2.92 billion during the third quarter of fiscal year 2025 and reported $291.3 million in Q3 operating income, up 17.7 percent from the same period the previous year. Q3 Fiscal 2025 Results In an earnings release published Friday, the McLean, Virginia-based IT and management consulting...
As director of the 5G Cross-Functional Team at the Department of Defense’s Office of the Chief Information Officer, Juan Ramírez has deep involvement in how the Pentagon is installing and platforming 5G networks as the basis of its communications. In his two years in the role, Ramírez has architected a clear plan forward for integrating...
Christopher Calio, president and CEO of RTX, has been elected as the aerospace and defense company’s chairman of the board of directors. The Arlington, Virginia-based contractor said Monday Calio’s appointment will take effect on April 30. He will succeed Gregory Hayes, who will step down from his post as executive chairma...
