For 10 years, Potomac Officers Club has provided a unique offering to the government contracting community with its Intel Summit: rare and open access to top Intelligence Community officials. IC members are notoriously elusive, secretive and hard-to-reach, so POC has fostered a trusted and secure environment for them to communicate with the industr...
Matt McElroy has joined B&A as the information technology company’s chief financial officer. McElroy brings more than 10 years of strategic leadership experience to his new role spearheading B&A’s financial activities, the McLean, Virginia-based company announced Tuesday. Jonathan Evans, president and CEO of B&A, p...
Mike Stepniak, an experienced global finance leader, has been promoted to chief financial officer at Honeywell International (NASDAQ: HON). The company said Thursday Stepniak will take over the role currently held by Greg Lewis once the company’s fourth quarter and full-year financial results for fiscal year 2024 are out. Stepniak i...
Maxar Technologies was awarded the Commercial GEOINT Access Portal contract from the National Geospatial-Intelligence Agency for the delivery of web-based commercial imagery and product offerings to users. NGA said the five-year, sole source contract valued at approximately $359 million is a follow-on to the Global-Enhanced GEOINT Delivery award. Ac...
The sprawling Department of Defense relies on extensive funding to support the military services and other defense agencies. The Pentagon’s fiscal year 2024 budget reached approximately $841.4 billion in fiscal year 2024, and it has requested $849.8 billion for FY 2025. Though processes for handling such large amounts of money are ...
The Central Intelligence Agency’s Chief Technology Officer Nand Mulchandani has joined the lineup of Intelligence Community decision makers who will speak at the Potomac Officers Club’s 2024 Intel Summit on Sep. 19. Join the Intel Summit to learn more about IC priorities, expand your GovCon network and meet intelligence leaders face to...
Through two major plans this year, the Department of Defense announced its intention to take seriously the need for commercial space products. The DOD Commercial Space Integration Strategy and the U.S. Space Force’s Commercial Space Strategy were released within weeks of one another in April and declared that the rapid advancements taking pla...
Rheinmetall is set to acquire for $950 million Loc Performance, a vehicle specialist headquartered in Plymouth, Michigan, with a workforce of around 1,000 employees and customers in the civilian as well as defense sectors. Loc Performance’s offerings include drivetrains, suspensions and track systems, many of which are used by U.S. military gr...
KBR (NYSE: KBR) reported $1.9 billion in revenue during the second quarter of fiscal year 2024, up 6 percent from the prior-year period, and recorded $2.1 billion in Q2 bookings and options with a book-to-bill of 1.0x on a trailing 12-month basis. The Houston-based engineering contractor said Wednesday its Q2 net income was $106 million...
Digital Air Force programs are implementing advanced information technology accelerators throughout the agency as the warfighting environment modernizes and technical capabilities become more critical in acquisition processes. Accelerated IT implementations are evaluated on their impact on the Air Force’s digital infrastructure, and officials spok...
