Parsons (NYSE: PSN) reported second quarter revenue of $879 million, a 10 percent decline from the same period in 2020 despite large contract wins for the April-June period. The Centreville, Virginia-based contractor attributed a 56 percent decline in operating income for the quarter to reserves taken on federal solutions and critical infrastructure...
Oshkosh‘s (NYSE: OSK) defense business has secured a $152 million delivery order from the U.S. Army Tank-Automotive and Armaments Command for the A2 variant of its Family of Medium Tactical Vehicles. The TACOM Life Cycle Management Command award continues FMTV A2 production orders and builds on completion of testing performance, Oshkosh Defens...
Maxar Technologies (NYSE: MAXR) will continue to provide satellite imagery to the National Reconnaissance Office after the agency exercised the second $300 million option under a service level agreement with the company. This option is part of the EnhancedView Follow-On contract with three potential extension years that could extend work through Aug...
Robotic process automation software provider UiPath has unveiled a seven-member advisory board that will aim to help the company explore and identify opportunities to automate systems for government customers. New York-based UiPath said Wednesday it expects to gain insight from its public sector advisory board on government missions, technology chal...
Raymond Karrenbauer, a veteran of the insurance and information technology sectors, has joined the Cybersecurity Maturity Model Certification Accreditation Body as executive vice president and chief financial officer. He will oversee the technology portfolio, business operations and financial accounts of the organization responsible for managing CMM...
The State Department has approved Taiwan’s request to buy medium self-propelled howitzer systems, manufactured by BAE Systems, and associated equipment from the U.S. government through a potential $750 million foreign military sales transaction. The Taipei Economic and Cultural Representative Office in the U.S. asked to procure 40 155mm M109A6...
GovCon Wire Events hosted its latest event on Wednesday to share the key trends impacting the government contractors in our sector and how to mature the capture process to grow a qualified pipeline and improve win rate during A Blueprint for a Modern, Data-Driven Approach to Capture Management Webinar. With Technomile’s Chief Operating Officer Mic...
John Mollard, vice president and treasurer at Lockheed Martin (NYSE: LMT), has assumed the position of acting chief financial officer at the Bethesda, Maryland-based aerospace and defense contractor. He will fill the role while the company searches for a permanent replacement for Kenneth Possenriede, who decided to retire after a 35-year career with...
The State Department has approved a potential $270 million foreign military sales deal covering sustainment equipment and services for Greece’s F-16 fighter aircraft fleet. L3Harris Technologies (NYSE: LHX), Lockheed Martin (NYSE: LMT), Raytheon Technologies (NYSE: RTX), Collins Aerospace, Northrop Grumman (NYSE: NOC) and Atec are the principa...
IntelliBridge, a McLean, Virginia-based portfolio company of Enlightenment Capital, has purchased U.Group to expand its technology portfolio and client base across federal civilian, defense and homeland security agencies. U.Group is a digital transformation company founded in 2010 and provides Agile development, consulting support, data science, Dev...
