A General Dynamics (NYSE: GD) business unit has won a position on a potential 14-year, $1.8 billion contract to support the expansion and modernization of the U.S. Customs and Border Protection’s surveillance tower systems. General Dynamics Information Technology said Monday it will work with General Dyamics’ mission systems business to mode...
L3Harris Technologies (NYSE: LHX) reported double-digit revenue growth in the fourth quarter and full-year 2023 and gave financial guidance for 2024, including revenue growth, free cash flow and dividend payout. “We delivered on our 2023 financial commitments and reported record backlog of $33 billion,” Christopher Kubasik, chair and CEO...
By Kim Koster, VP of Industry Marketing at Unanet Fall is when many government contracting companies devise an annual operating plan, or AOP. It’s when you strategically plan for the year ahead, assessing where your business stands and plotting a course forward. Of course, circumstances often change those plans, requiring adjustments. &nb...
Airbus U.S. Space & Defense has completed its acquisition of Eutelsat OneWeb’s 50 percent stake in a satellite manufacturing joint venture. Founded in 2016, Airbus OneWeb Satellites JV produced more than 600 satellites for the first-generation OneWeb satellite constellation, Airbus U.S. Space & Defense said Monday. The completion of the tr...
Public sector organizations have heightened their focus on cyber, which offers numerous benefits for those looking to modernize. At the Potomac Officers Club’s 2024 Annual Cyber Summit on June 6, experts from both government and industry will address the most exciting opportunities and challenges agencies face as they embrace this evolving domain...
The Government Accountability Office is responsible for yearly financial sweeps of all federal agencies. In July 2023, GAO appeared in front of Congress to attest that the Department of Defense needs to put processes in place to receive better results in these annual audits. As of now, the DOD is the only major federal agency...
Under Secretary of Defense for Research and Engineering Heidi Shyu has secured her fourth Wash100 Award from Executive Mosaic for driving innovation through greater government-industry-academia collaboration in emerging and critical defense technology development. Shyu, who will keynote the Potomac Officers Club’s 10th Annual Defense R&D Summi...
Booz Allen Hamilton (NYSE: BAH) has reported revenue growth of 12.9 percent to $2.57 billion and adjusted diluted earnings per share increase of $1.41 during the third quarter of the company's fiscal year 2024. The company saw its net income rose by 374.6 percent to $145.6 million, operating income jumped by 322.2 percent to $247.6 million and ...
The board of directors of Alteryx (NYSE: AYX) has chosen its chief financial officer Kevin Rubin as interim successor of former CEO Mark Anderson. Rubin will serve both roles amid Alteryx's transition into a private enterprise, which came on the heels of its acquisition by Clearlake Capital Group and Insight Partners....
The State Department has approved the government of Turkey's request to procure 40 F-16V Block 70 multi-role fighting aircraft and related equipment from the U.S. under a potential $23 billion foreign military sales agreement. Lockheed Martin (NYSE: LMT) will serve as the principal contractor on the proposed deal, which includes 32 F-16C and ei...
