ManTech International (Nasdaq: MANT) posted $675.5 million in fiscal 2022 first quarter revenue, up 6.7 percent from the prior-year period, and attributed the growth to contract awards and acquisitions. The Herndon, Virginia-based government services contractor stated 66 percent of the $464 million in total awards from multiple customers during the ...
The Intelligence Community’s acquisition processes — and ultimately, its ability to partner with industry — are known for being slowed down by bureaucratic hurdles, restrictions and stringent security requirements. Top officials say they have their hands around the problem, which is the first step towards improvement. “Acquisition is the vit...
Enveil has raised $25 million in a round of Series B financing led by USAA and will use the capital in the development, sales and marketing of a privacy-enhancing technology designed for government and commercial applications. Existing investors that participated in the funding round include Bloomberg Beta, Mastercard, C5 Capital, Capital One Ventur...
Jim Zito, senior vice president of accounting and corporate controller of Axon (Nasdaq: AXON), has been named interim chief financial officer at the public safety technology developer. He replaces Jawad Ahsan, who stepped down as CFO after five years in the job, and Axon said Wednesday it will work with an executive search firm to...
Completing government contracts can make your business more successful. But there are some basic facts you must master before becoming eliglble to compete for federal contracts. This article gives you comprehensive insight into what it takes to become a successful contractor. What Is Government Contracting? Government contracting is a business pro...
As the Department of Defense and U.S. military branches forge ahead with their adoption of advanced technology like artificial intelligence and machine learning, cybersecurity must be the foundation for these efforts, not just an afterthought, according to chief intelligence officers from government and industry. During a panel discussion at the Pot...
Raj Iyer, chief information officer of the U.S. Army, was officially presented his 2022 Wash100 Award, the highest honor in all of government contracting (GovCon), during the Potomac Officers Club’s 3rd Annual CIO Summit where Iyer was featured as an expert panelist. Executive Mosaic CEO Jim Garrettson presented the second consecutive Wash...
Al Tadros, a more than three-decade space industry veteran, has assumed the chief technology officer post at Redwire (NYSE: RDW), succeeding Michael Snyder, who will now serve as technical fellow at the Florida-based aerospace manufacturer and space infrastructure technology company. Redwire said Tuesday Tadros’ transition from his recent role...
Leidos (NYSE: LDOS) saw its first-quarter revenue for the fiscal year 2022 climb 5 percent to $3.5 billion and posted $177 million in net income and diluted earnings per share of $1.25 during the quarter. The Reston, Virginia-based technology services contractor said Tuesday the sales growth from the prior-year period across reportable segments was ...
KBR (NYSE: KBR) reported government solutions unit revenue for the first quarter of its 2022 fiscal year grew 25 percent to $1.46 billion and the company attributed the increase to sales growth across defense, space and other businesses under the government segment. The Houston-based engineering contractor said its total Q1 revenue of $1.71 billion ...
