SAIC saw its fiscal year 2026 first-quarter revenue increase 2 percent to $1.88 billion and reported Q1 net bookings of approximately $2.4 billion with a book-to-bill ratio of 1.3. In an earnings statement published Monday, the Reston, Virginia-based government technology services contractor said it ended the first quarter with an estimated total ba...
Radiance Technologies has acquired XL Scientific, a research and development company operating as Verus Research. Radiance said Monday the acquisition of the Albuquerque, New Mexico-based company is part of its commitment to deliver tailored scientific and engineering technologies that enhance national security and warfighter capabilities....
Less than a year after the final version of the Cybersecurity Maturity Model Certification program was published, OSIbeyond has become one of the first companies to successfully achieve CMMC Level 2 certification. To help other organizations prepare for their own CMMC journeys, OSIbeyond’s CEO and GovCon Expert Payam Pourkhomam...
The U.S. Navy has awarded a $536.8 million sole-source contract to the missile and defense segment of RTX business Raytheon to provide air and missile defense radar AN/SPY-6(V) integration and production support efforts. SPY-6 radar purchases for the United States and the government of Germany under the Foreign Military Sales program were combined i...
Karman Space & Defense has acquired Industrial Solid Propulsion to broaden its energetic propulsion technology capabilities. In a statement published Thursday, Karman CEO Tony Koblinski called ISP a “natural, strategic fit” within the company’s portfolio. Strengthening Competency in Energetics “This acquisition strengthen...
Trace Systems has secured a contract valued at $564 million from the U.S. Army to support the Program Executive Office for Command, Control and Communications, Networks. Under the contract, Trace Systems will deploy global field service representatives, or FSRs, to ensure that the Army and PEO-C3N can achieve their vision for a streamlined and unifi...
China’s upper hand in a test of military tech power comes down to the interconnectivity of its various parts and moving pieces, Shubhi Mishra, CEO and founder of Raft and a two-time winner of the prestigious Wash100 Award, told GovCon Wire in an exclusive interview. “China is already moving like one machine. Their sys...
Rocket Lab has agreed to acquire Geost, signaling the latter’s expansion into the satellite payload segment. The launch services and space systems company said Tuesday it will acquire Geost’s parent holding company from Lightridge Solutions for $275 million in cash and common stock shares, plus potential additional cash earnout...
IT consulting firm C5MI has appointed industry veteran Brian Drzewiecki as president and chief operating officer. C5MI said Thursday Drzewiecki will oversee operational execution, enterprise strategy and growth initiatives as the company works to deliver next-generation digital supply chain platforms to the Department of Defense, federal agencies, l...
Gen. Michael Guetlein, vice chief of space operations of the U.S. Space Force, was presented with the 2025 Wash100 Award during a recent visit by Executive Mosaic CEO Jim Garrettson. Garrettson founded the Wash100 Award in 2014 to honor the most notable executives shaping the future of the government contracting industry. These impact...
