Technical and strategic consultancy Cadmus has acquired Arlington, Virginia-based international economic and analytics consulting firm Nathan Associates for an undisclosed sum in a transaction that broadens its U.S. federal contracting business. Cadmus said Thursday Nathan will operate as its new international development division led by Jeffrey Sin...
Artificial intelligence has become increasingly important in the ever-evolving modern warspace. To address this emerging technology and harness its benefits to ensure decision-making advantage, the Department of Defense recently established the Chief Digital and Artificial Intelligence Office, which holds a goal of accelerating the department&#...
KBR (NYSE: KBR) posted $1.6 billion in revenue during the fourth quarter of fiscal year 2022, up 23 percent from the prior-year period excluding the Operation Allies Welcome program, and reported full-year sales of $6.6 billion, reflecting a year-over-year growth of 9 percent on an ex-OAW basis. The Houston-based engineering contractor said Thursday...
Iridium Communications (Nasdaq: IRDM) posted $193.8 million in revenue for the fourth quarter of 2022, up 24 percent from the prior-year period and reported a 17 percent growth in full-year sales to $721 million. The global satellite communications company said Thursday total billable subscribers grew 16 percent year-on-year to 1,999,000, driven by ...
The State Department has approved the Netherlands’ request to purchase Lockheed Martin-built (NYSE: LMT) multiple launch rocket systems and associated equipment from the U.S. government under a $670 million foreign military sale proposal. The possible deal includes 20 M142 High Mobility Artillery Rocket System, missile and rocket pods, battle ...
Six large companies and three small businesses have won positions on a $59 million firm-fixed-price contract to perform architectural and engineering work for the U.S. Army Corps of Engineers. USACE’s Engineering and Support Center received 20 bids for the five-year contract via an online solicitation process, the Defense Department said Thurs...
Executive Mosaic has included Rick Wagner, president of Microsoft’s federal business, in its 2023 Wash100 Award list for helping lead company efforts focused on delivering cloud capabilities to the government in support of national security missions. The recognition marks the sixth consecutive time that Wagner was presented with Executive Mosa...
Private equity investment firm Advent International and Maxar Technologies (NYSE: MAXR) are expected to continue their planned merger after the Westminster, Colorado-based geospatial intelligence services provider did not receive a competing alternative offer during the go-shop period that expired Tuesday. In December, Advent agreed to acquire Maxar...
LinQuest has acquired Capability Analysis and Measurement Organization in a move to provide research, development, test and evaluation support to U.S. Special Operations Command and other defense agencies. CAMO has more than a decade of experience supporting USSOCOM and its component commands with testing and integration of warfighting systems, LinQ...
Parsons (NYSE: PSN) saw its fourth-quarter revenue for fiscal year 2022 rise 16 percent to $1.1 billion and reported full-year sales of $4.2 billion, reflecting a total growth of 15 percent and organic growth of 9 percent. The Centreville, Virginia-based contractor said Wednesday Q4 2022 net bookings reached $1.1 billion with a book-to-bill ratio of...
