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GovCon industry veteran Damian DiPippa has been appointed CEO of Aretum, the newly created government services platform company within Renovus Capital Partners. Atif Gilani, founding partner at Renovus Capital, said in a statement published Thursday DiPippa’s experience and knowledge of the government services sector will enable him to impleme...
FDH Aero, a supply chain services provider in the aerospace and defense market, has purchased interconnect and electromechanical product supplier BJG Electronics Group for an undisclosed amount. Glenn Davidson, chairman and CEO of BJG, will serve as an adviser to support the integration while the current BJG team will continue to manage daily operat...
The fateful day has come. The final 24 hours of voting for Executive Mosaic’s 2023 Wash100 popular vote contest are here, after three full months of the most significant and consequential names in government contracting and the federal sector duking it out for the general public’s renown. Voting officially closes tomorrow, Friday April 28. ...
As the government strives to keep pace with the rapid rate of technological advancements in the international private sector, it’s becoming clear that digital modernization is an inarguable and necessary step for all agencies and activities. Demonstrated benefits include greater efficiency, standardization across variable users and inputs and dimi...
GovCon industry executives Koren Odermann and Mary Shambora have joined the leadership team of Client Solution Architects as vice presidents to help CSA advance growth initiatives and expand the company’s presence in existing and new markets, GovCon Wire has learned. Odermann will serve as VP of business development for the Army and other agen...
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...
