Parsons reported record fourth-quarter revenue of $1.7 billion, reflecting a 16 percent year-over-year growth, and noted that its full-year revenue for fiscal year 2024 jumped 24 percent to $6.8 billion, up 22 percent on an organic basis. Financial Highlights In an earnings release published Wednesday, the Chantilly, Virginia-based defense and infra...
The Department of Health and Human Services’ Office of Small and Disadvantaged Business Utilization has begun soliciting industry input for a potential $3.5 billion Research, Measurement, Assessment, Design, and Analysis, or RMADA, 3 indefinite-delivery/indefinite-quantity contract. RMADA 3 IDIQ Details According to the request for inform...
The U.S. Navy has awarded Boeing’s Insitu subsidiary a $102.3 million contract modification to supply 21 RQ-21A Blackjack and 47 ScanEagle unmanned aircraft systems. Contract Scope The Department of Defense said Tuesday the modification includes the procurement of associated payloads, support equipment, turrets, spares, training and tools for both...
John Lossing, a 26-year industry veteran, has been appointed vice president of industry compliance at ManTech. The artificial intelligence and mission-focused technology services provider said Tuesday Lossing will serve as the lead liaison for the Defense Contract Audit Agency and Defense Contract Management Agency. John Lossing’s Ca...
Rudy Martinez, an industry veteran with 20 years of experience in information technology professional services, has been selected as the vice president of growth at Intelligent Waves. The innovative IT services provider said Tuesday Martinez will oversee the company’s expansion, focusing on enhancing its presence in the market and de...
Chugach Government Solutions has named Virginia Robinson, a nearly 20-year legal adviser and business strategist, senior vice president and chief legal officer. The company said Tuesday Robinson will be responsible for all legal, governance and compliance matters and provide strategic counsel to drive growth in the government contracting sector. CGS...
5G networks are highly scalable, accommodate electromagnetic spectrum diversity and are, beneficially, based on established standards, according to Johnson Wu, a contractor who works on the cyber portfolio at the Defense Innovation Unit. They’re also ideal for demanding environments such as remote locations ‘at the edge’ and for private n...
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...
Alaska Native corporation Chenega has named Terry Nihart, a retired U.S. Army colonel, as president of its security strategic business unit, or SSBU. In a LinkedIn post published Monday, the company said Nihart succeeds Tim Lamb, who is retiring after 21 years of service as a key corporate leader at Chenega. “I am truly humbled...
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...
