Leidos (NYSE: LDOS) reported $3.7 in sales for the first quarter of 2023 and attributed the 6 percent revenue spike to year-over-year growth in the company’s defense, civil and health business segments. The Reston, Virginia-based company said Tuesday net income for the January-to-March period was $164 million and total backlog stood in t...
Aware (Nasdaq: AWRE) reported $4.3 million in sales for the first quarter of 2023, up 6 percent from a quarter earlier, and attributed software subscription growth to a sequential improvement in the company’s recurring revenue. The authentication software vendor said Tuesday it expects to log total revenue and annual recurring revenue growth o...
The Department of Defense’s long-awaited enterprise cloud effort finally got off the ground in December 2022, when four commercial cloud service providers landed a spot on the $9 billion Joint Warfighting Cloud Capability contract. Executive Mosaic spoke with leaders from each of the awardee companies — Amazon Web Services, Google, Microsoft and...
Bernhard Capital Partners has signed an approximately $100 million deal to acquire the federal and defense business of aftermarket services provider VSE (Nasdaq: VSEC). VSE said Monday the divestment move would allow the company to reposition itself into two businesses that offer distribution and maintenance, repair and overhaul service. BCP, a priv...
Space is at its largest inflection point in decades, and as commercial space activity continues to rise, United States government leaders are taking a page from industry’s book on how to drive more rapid innovation, especially in the face of increasing global competition. While technology and acquisition processes are typically at the center of th...
Millennium has acquired a division of Maxisiq that offers cybersecurity support services to the federal government, for an undisclosed sum. Maxisiq said Monday its Ingressive business works with customers to help them assess security vulnerabilities, run penetration tests and conduct red teaming exercises. Ryan Hill, chief financial officer of Mille...
Client Solution Architects has completed the integration of Capstone into CSA operations and introduced the company’s updated website, vision, core values and mission as part of a rebranding effort. Following its acquisition of Capstone in July 2021, CSA said Monday it started aligning its strategy and business objectives with the purchased co...
Brian May, national lead for U.S. Air Force and Space Force markets at Michael Baker International over the past four years, has been promoted to president of the company’s federal programs and services. He will be the executive committee member responsible for expanding clients and customer relationships with federal defense and civilian agen...
U.S. space agencies are gearing up for a launch-filled summer as some of the country’s most highly-anticipated and promising programs make important progress. The rise in government launches in recent months mirrors the exponential growth of the commercial space industry and aligns with a speed-focused strategy set in motion by the Air Force’s a...
Lockheed Martin (NYSE: LMT) has booked a potential $4.79 billion contract to produce surface-to-surface munitions and associated equipment for the U.S. Army’s Guided Multiple Launch Rocket System. The service branch ordered two full-rate production lots of the GMLRS Unitary and Alternative Warhead rounds for itself and foreign military custome...
