Lockheed Martin reported $75 billion in 2025 sales, up 6 percent from $71 billion recorded the previous year, and ended the year with a record backlog of $194 billion. In an earnings release published Thursday, the Bethesda, Maryland-based aerospace and defense contractor said cash from operations was $8.6 billion and free cash flow was $6.9...
Ed Sheehan, Jr. will retire as president and CEO of Concurrent Technologies Corp., effective June 30, after a 33-year career with the organization, including 18 years in the top leadership role. CTC said Wednesday that Sheehan’s tenure helped position the nonprofit applied research and development firm as a key player supporting national secur...
IT consulting firm Arlo Solutions has appointed Venice Goodwine, former chief information officer at the Department of the Air Force, as CIO and artificial intelligence product owner. Goodwine’s appointment at Arlo comes as government agencies and contractors continue to expand the use of data and AI to support mission requirements. Those prio...
IonQ is set to acquire software and technology research and development company Seed Innovations to strengthen its quantum infrastructure and artificial intelligence-driven platform development. The transaction, announced by IonQ on Wednesday, will bring Seed’s expertise in machine learning, advanced software architecture and cloud migration i...
RTX reported higher sales, earnings and free cash flow for full-year 2025 and issued a 2026 outlook projecting continued growth, supported by sustained demand across its commercial aerospace and defense portfolios and a growing pipeline of long-term defense contracts. The company said Tuesday that it ended 2025 with a total backlog of $268 billion, ...
By Kevin Plexico, Deltek senior vice president of information solutions, a six-time Wash100 awardee and a GovCon Expert Defense contractors have always focused on delivering for the warfighter. Many of the companies that do so are publicly traded. As a result, they must balance performance with solid financial results. It’s a tightrope and tho...
The U.S. Air Force has awarded 17 companies positions on a potential 10-year, $7 billion contract to provide contract field team labor augmentation support services. As the Air Force continues to advance major contracting efforts supporting its mission, government and industry stakeholders are tracking how these initiatives fit into the service̵...
Potomac Officers Club has the privilege of announcing that Cameron Stanley, chief digital and artificial intelligence officer at the Department of War, will be a keynote speaker at its 2026 Artificial Intelligence Summit on March 18. At the event, which is regularly one of POC’s most popular and most-buzzed-about GovCon conferences, represent...
The U.S. Marshals Service Information Technology Division, or USMS ITD, has awarded NTT DATA a task order under an existing blanket purchase agreement in support of the agency’s Functional Operations and Resources for Core Enterprise Services, or FORCE, program. The Potomac Officers Club’s 2026 Digital Transformation Summit on April 22 w...
Accenture Federal Services has appointed Garrett Berntsen, a federal and industry technical leader, as chief artificial intelligence officer. The latest appointment highlights the ongoing movement of senior AI leadership across the federal and industry landscape. That broader evolution provides useful context for gatherings such as the Potomac Offic...
