The GovCon Index registered four daily losses in five trading sessions for two straight weeks. On Friday, the index, which tracks the stock performances of 30 major government contractors, fell -1.64% to $4,576.02. This represents four consecutive weekly losses since the last two weeks of January. Defense stocks have taken a hit because of policy...
Iridium Communications reported fiscal 2024 fourth-quarter revenue of $213 million, up 9 percent from the prior-year period, and saw its total revenue for the full year increase 5 percent to $830.7 million. In an earnings release published Thursday, the McLean, Virginia-based satellite communications company said Q4 and full-year net income were $36...
Lockheed Martin’s Rotary and Mission Systems division has booked a $114.2 million contract modification from the U.S. Navy for the procurement of hardware that supports sound navigation and ranging, or SONAR, systems. Contract Modification Details The Department of Defense said Tuesday that under the cost-plus-incentive-fee contract modificat...
Government technology provider Aretum has appointed Michael Gayle as its director of business development and DOD, bringing over two decades of experience in operations, sales, marketing and engineering. In his new role, Gayle will spearhead efforts to deliver advanced tech capabilities to Department of Defense customers, Aretum said in a Thursday p...
Marlan Macklin is a two-decade Department of Defense civilian official with vast technological and international experience. As deputy principal director for FutureG, he travels the globe advocating and educating about how terrestrial networks like 5G and its successors are an essential glue that holds modernized communications together for the U.S....
The promises of the second Trump administration — namely, reductions in bureaucratic redundancy and spending — have the government contracting industry sufficiently apprehensive about the prospects for funding in the year ahead, according to reporting by financial services company Raymond James. The organization has issued its monthly ...
Space operations provider Auria has appointed technology leader Dave Hansen as chief technology officer. In a LinkedIn post published Monday, Enlightenment Capital-backed Auria said Hansen and his team will drive growth by pooling resources and pursuing the development of new technologies and capabilities for customers. According to the company, the...
5G connectivity has the potential to mitigate latency and enable large amounts of data to pass through communications systems, a bonus for the military. But so too do non-terrestrial networks — which are facilitated not by cellular towers but rather arrays of satellites — as long as they are situated in low Earth orbit rather than...
The U.S. Navy has awarded Rolls-Royce a $167.3 million contract to produce 40 MT7 turboshaft engines, ancillary parts, installation kits and a portable test tool inspection to support the Ship to Shore Connector Program, Landing Craft Air Cushion 100-class landing craft. Contract Specifics The Department of Defense said Friday that if the included o...
The U.S. Army has awarded Bowhead Science and Technology a potential three-year, $103.6 million recompete contract to provide turnkey classroom sustainment and technology services for the service branch in support of the Enterprise Classroom Program. According to an award notice published Friday, ECP is a single-award, indefinite-delivery/inde...
