General Dynamics (NYSE: GD) generated $11.9 billion in revenue during the second quarter of fiscal year 2024, which the company’s CEO, Phebe Novakovic, described as “a strong quarter overall.” The company said Wednesday that its revenue for the period was 18 percent higher than the revenue reported for the same period in 2023. Of t...
Ron Ash, chief operating officer of Accenture‘s (NYSE: ACN) government-focused business arm, will succeed John Goodman as Accenture Federal Services CEO on Sept. 1. The company said Tuesday Ash will also take over the chairmanship of Accenture Federal Services’ board of managers from Goodman, who is set to step down from his roles on Aug...
The Potomac Officers Club’s 2024 Navy Summit presents an exciting opportunity to gain exclusive knowledge about one of the service branch’s top priorities: 5G. During this event, you will have the chance to hear from a variety of keynote speakers and panelists from across the Navy and industry. One panel session, titled “5G in Navy Mission...
Lockheed Martin (NYSE: LMT) reported a 9 percent year-over-year increase in fiscal 2024 second-quarter net sales to $18.1 billion, a total backlog of $158 billion and Q2 net earnings of $1.6 billion, or $6.85 per share. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it recorded $1.9 billion in cash from operations and fre...
At the much-discussed current “strategic inflection point” the U.S. finds itself — considering geopolitical disturbances like the war in Ukraine and competition from the ‘pacing threat’ of China — achieving “cost-effective mass” is the most effective strategy for deterrence, argues Melissa Dalton, under secretary of the U.S. Air For...
By Kim Koster, VP of Industry Marketing at Unanet Maintaining healthy cash flow is a critical element for any business, but it’s particularly vital for government contractors due to the nature of our industry. Government contracts often involve lengthy payment cycles and stringent compliance requirements. That means your GovCon will want to ...
Matthew Hollandsworth, former director at AMERICAN SYSTEMS, has joined BAE Systems to serve as vice president of security, intelligence and security sector, according to his LinkedIn announcement. Hollandsworth brings to BAE experience in developing strategies for protecting personnel, information and assets. He spent nearly a decade at AMERICAN SYS...
A new McAleese & Associates report indicates that the Senate Armed Services Committee’s $875 billion annual defense policy bill reflects a 3 percent increase, or $25 billion, from the White House’s proposed $850 billion budget for the Department of Defense. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winne...
The General Services Administration has released a presolicitation notice for a potential $550 million design/build contract for the Bridge of the Americas Land Port of Entry modernization project. According to the GSA post on SAM.gov, the agency’s Design Excellence Program plans to launch a competition to determine a contractor that will desi...
The director of the Intelligence Advanced Research Projects Agency has to be equipped with a diverse background of knowledge and experience in order to lead its risk-prone, highly complex endeavors. Dr. Richard Muller, who was appointed to the post in April, certainly fits the bill. Muller has proved his capabilities in the research and develop...
