HII (NYSE: HII) saw its second-quarter revenue for fiscal year 2023 climb 4.7 percent to $2.8 billion and reported net earnings of $130 million and diluted earnings per share of $3.27 for the quarter. The military shipbuilding company said Thursday Q2 new contract awards reached about $2.6 billion and that it ended the quarter with...
Established in 2018, the Army Futures Command is dedicated to looking far beyond the present to ensure that the U.S. Army is properly equipped to reach its current goals and compete on the future battlefield. While working to deliver on the more near-term Army of 2030 initiative, the AFC is also drawing a blueprint for the service...
Parsons (NYSE: PSN) achieved record revenue of $1.4 billion for the second quarter of fiscal 2023, reflecting a year-over-year increase of 34 percent, and attributed the rise to organic growth from the contractor’s federal solutions and critical infrastructure segments. The Centreville, Virginia-based defense and infrastructure engineering com...
Private equity firm Arlington Capital Partners has expanded its portfolio of companies with the recent acquisition of Integrated Data Services, an El Segundo, California-based government contractor that offers software and technology-enabled support and development services. James Truhe, one of IDS co-founders, said in a statement published Wednesda...
Aeyon LLC houses leadership teams with expertise in mission services, analytics, digital transformation, financial management, engineering and science, and data management. The company leverages its deep expertise in the Department of Defense (DoD) and related civilian agencies to deliver uncompromising intelligence, experience, and qualifica...
Day and Zimmermann has acquired Empire Products Inc., which makes propellant and charge bags for the defense sector, in a deal aimed at expanding D&Z’s munition product manufacturing operations. Financial terms of the transaction were not disclosed and D&Z said Wednesday EPI has been a key partner for the company’s supply chain. ...
The Office of Strategic Capital was stood up in December of last year, marking a decisive move by the Department of Defense to direct financial support to the technology industry. OSC is particularly interested in funding projects and organizations related to “advanced materials, next-generation biotechnology and quantum computing,” per rep...
Although the United States Army has been strategically prioritizing the “Army of 2030” recently, the service’s modernization goals don’t stop there. Today, Army leaders are looking even further into the future and preparing for fights well beyond the next decade. During his keynote address at the Potomac Officers Club’s 8th Annual Arm...
Leidos (NYSE: LDOS) saw its revenue climb 7 percent year-over-year to $3.8 billion during the second quarter of fiscal year 2023 and reported $210 million in net income and diluted earnings per share of $1.50. The defense and information technology services contractor said Tuesday the revenue growth was driven by increased demand for hypersoni...
Leidos (NYSE: LDOS) and Microsoft (Nasdaq: MSFT) will accelerate the development and delivery of artificial intelligence and cloud computing platforms to support public sector customers’ missions under a strategic collaboration agreement. The two companies will co-develop generative AI tools to help customers support cross-domain applications ...
