A new McAleese & Associates report shows major defense prime contractors posted sector operating margins of approximately 11 percent in the second quarter of 2022, reflecting limited impact from the current 8.5 percent inflation. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the Q2 2...
Brian Wilbon and Patricia Hunter, both veterans of the health care technology industry, have been appointed to vice president ranks within CNSI‘s business development team. Wilbon will lead the newly formed Innovation and Market Research division while Hunter will oversee capture functions, CNSI said Wednesday. Brian Wilbon In his new capacity...
V2X (NYSE: VVX) reported $498 million in sales for the second quarter of 2022, up 6 percent from the prior-year period, and said the quarterly results for the period ended July 1 reflect contributions of Vectrus prior to the completion of its merger with The Vertex Company. In early July, Vectrus closed its all-stock merger...
Applied Research Associates has won a potential 10-year, $582 million contract to provide operational support to the Defense Threat Reduction Agency’s research and development directorate The New Mexico-based company will implement R&D enabling capabilities for the directorate, which is tasked with helping the U.S. military counter weapons of ...
Woodbridge, Virginia-based Integrated Finance and Accounting Solutions has been awarded a potential $350 million contract to provide support services to the State Department’s Bureau of the Comptroller and Global Financial Services. The department announced the Charleston Global Financial Services indefinite-delivery/ indefinite-quantity contr...
Parsons (NYSE: PSN) has raised full-year sales guidance to reflect improved organic performance for the 2022 second half and the company’s $388 million acquisition of Xator that closed May 31. The Centreville, Virginia-based company said in its second quarter earnings statement it now expects revenue in the $3.95 billion-$4.15 billio...
TYSONS CORNER, VA, Aug. 8, 2022 — Leidos (NYSE: LDOS) looks to purchase Cobham‘s Australian special mission business to expand its portfolio with capabilities for airborne surveillance and search and rescue missions, ExecutiveGov reported. “The integration of Special Mission into Leidos Australia will expand the scope of our global air...
In recent years, the Department of the Air Force has made significant strides in its modernization journey, but the service is still dealing with lingering issues, alongside emerging ones, as it continues to stretch its area of responsibility over two of the world’s largest, most quickly evolving domains. The DAF’s number one challenge today is...
The Department of the Air Force has undoubtedly led the U.S. military’s modernization push in the last few years — DAF leaders have long been champions of transformational changes like IT improvements, digital transformation efforts and data advancements. But officials argue that financial management, or FM, needs a bigger seat at the table in t...
Scott Baer, vice president of special programs at Comcast Business, was featured in a recent Executive Spotlight interview published Thursday. He shared how the company is advancing its network to ensure it can support the increasing demand from federal agencies to modernize their networks. The Q&A also tackled Comcast Business’ goals, M&A...
