General Dynamics (NYSE: GD) reported $9.9 billion in revenue during the first quarter of 2023, up 5.2 percent from the prior-year period, and ended the quarter with a total backlog of $89.8 billion, of which $77.1 billion was funded. The Reston, Virginia-based defense contractor said Wednesday the companywide backlog represented a 3 percent increase...
The State Department has cleared Norway’s request to procure MH-60R multimission helicopters and C-130J transport aircraft sustainment services under a pair of foreign military sale deals worth approximately $1.16 billion combined. Norway asked to buy six anti-submarine and anti-surface warfare helicopters equipped with tactical data link radi...
Higher sales from commercial airplanes and the defense, space and security business contributed to Boeing’s (NYSE: BA) $17.9 billion revenue for the first quarter of 2023. The company on Wednesday published its quarterly performance, which reflected a 28 percent increase in revenue compared to the same period last year. Boeing’s commerci...
Science Applications International Corp. (NYSE: SAIC) will help the Defense Counterintelligence and Security Agency update information technology systems under a potential five-year, $889 million contract. The General Services Administration’s Federal Systems Integration and Management Center issued the award for “One IT” development and i...
Raytheon Technologies (NYSE: RTX) reported $17.2 billion in sales during the first quarter of 2023, up 10 percent from the prior-year period, and saw earnings for the period rise 6 percent to $1.22 per share. The Arlington, Virginia-based aerospace and defense contractor said Wednesday it ended the quarter with a record backlog of $180 billion...
Gerry Dorros, a government services sector veteran with more than two decades of investment and operational experience, has been named managing director at private equity firm Sagewind Capital. He will lead the establishment of Sagewind’s Washington, D.C. office, the New York-based private equity firm said Tuesday. Dorros is a founding member ...
Sean Duguay, a nearly three-decade government market veteran, has been named president and chief revenue officer at Arlington, Virginia-based information technology company M9 Solutions. Duguay pointed to M9’s leadership, growth potential and culture as the main factors that drove him to accept the job, the company said Tuesday. He spent more ...
Evan Lovell, chief investment officer of the Virgin Group, has been appointed chair of the board of directors at commercial spaceflight and vehicle development company Virgin Galactic (NYSE: SPCE). Lovell has served as the company’s interim chair since February 2022 and has two decades of global private equity and mergers and acquisitions expe...
Artificial intelligence has exploded in recent months, and in the public sector, officials are harnessing AI technology across a myriad of missions, information technology operations, weapons systems and more. Executive Mosaic spoke with ECS President John Heneghan, a 2023 Wash100 Award winner, in a new video interview to get his thoughts on whic...
ASRC Federal has acquired Manassas, Virginia-headquartered Broadleaf as part of government portfolio and market expansion efforts. Financial terms of the transaction were not disclosed and ASRC Federal said Monday the company gains 600 employees who provide support to the U.S. Army, Navy and the Defense Counterintelligence and Security Agency. “Th...
