Broadtree Partners has purchased Washington, D.C.-based professional services company Sayres and Associates in a strategy to reach the defense and national security markets. The acquisition makes Sayres the 12th portfolio company and fourth GovCon-focused investment of Broadtree, the private equity firm said Monday. Founded in 2001, Sayres initially...
Telos (Nasdaq: TLS) has purchased the ONYX touchless fingerprinting software, all patents and other assets of Diamond Fortress Technologies for an undisclosed sum as part of efforts to expand its digital identity and biometric intellectual property portfolio. Telos said Monday it will integrate DFT’s ONYX software with its IDTrust360 platform, whi...
General Electric‘s (NYSE: GE) aviation operating unit has won a five-year, $208.16 million contract from the U.S. Army to overhaul the cold section module of T700 engines that power military helicopters. Army Contracting Command received two offers for the firm-fixed-price contract and estimated that services will be completed by Aug. 1, 2026,...
Booz Allen Hamilton (NYSE: BAH) posted $1.99 billion in revenue for the first quarter of fiscal year 2022, up 1.7 percent from the prior-year period. The Chantilly, Virginia-based management and information technology consulting firm said Friday it saw its total backlog rise by 16.5 percent to $26.8 billion in Q1 FY 2022 with a quarterly...
A LexisNexis Risk Solutions platform has received approval from Kantara Initiative as a component service operating at Identity Assurance Level 2 following its compliance with the National Institute of Standards and Technology’s Special Publication 800-63 rev. 3 requirements. The Risk Defense Platform from LexisNexis Risk Solutions is a risk-based...
A global health crisis is what it took for agencies under the Department of Defense to consider adopting a unified enterprise that can support centralized systems for email and office applications. Danielle Metz, deputy CIO for information enterprise at the DOD, said in a June 1 interview with Federal News Network that the experience of...
Northrop Grumman (NYSE: NOC) reported a 3 percent increase in revenue for the second quarter of its 2021 fiscal year to $9.2 billion from the prior year period and lifted its full-year earnings and sales guidance Thursday. Revenue for the space business came in at $2.7 billion, up 34 percent from the same period last...
Boeing’s (NYSE: BA) defense, space and security business reported $6.87 billion in sales during the second quarter of 2021, reflecting a 4 percent increase from the prior-year period. The company said Wednesday the BDS segment’s revenue jump for the quarter was driven by a higher volume on KC-46A tanker and P-8A Poseidon maritime patrol aircraft...
SAS looks to streamline select operational processes, enhance financial reporting structure, increase focus on segments with growth potentials and begin other preparations for initial public offering by 2024. Jim Goodnight, cofounder and CEO of SAS, said in a statement published Thursday the company’s move toward IPO preparedness is built on i...
General Dynamics (NYSE: GD) posted flat internal revenue of $9.2 billion for the second quarter of its 2021 fiscal year and net earnings of $737 million, a 17.9 percent increase from the same period last year. The Reston, Virginia-based defense contractor said Wednesday its earnings were $2.61 per diluted share for the quarter and cash...
