Northrop Grumman (NYSE: NOC) saw its second-quarter fiscal 2024 sales climb 7 percent to $10.2 billion, up from $9.6 billion during the prior-year period, and attributed the growth to strong demand for the company’s products and services. The Falls Church, Virginia-based aerospace and defense contractor said Thursday Q2 net awards totaled $15....
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...
The Potomac Officers Club’s 2024 Navy Summit presents an exciting opportunity to gain exclusive knowledge about one of the service branch’s top priorities: 5G. During this event, you will have the chance to hear from a variety of keynote speakers and panelists from across the Navy and industry. One panel session, titled “5G in Navy Mission...
A new McAleese & Associates report indicates that the Senate Armed Services Committee’s $875 billion annual defense policy bill reflects a 3 percent increase, or $25 billion, from the White House’s proposed $850 billion budget for the Department of Defense. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winne...
KBR (NYSE: KBR) has agreed to acquire LinQuest for approximately $737 million to expand its digital integration and related technical capabilities for the Department of Defense and Intelligence Community agencies. Houston-based KBR said Tuesday its board of directors unanimously approved the transaction, which is expected to conclude in the third qu...
GovCon industry veterans Ron Fehlen and Jeff Schrader announced in separate LinkedIn posts that they have assumed new vice president roles within Lockheed Martin’s (NYSE: LMT) space business. Fehlen will serve as VP of mission architect for national security space at Lockheed Martin Space and Schrader will take on the role of VP of strategy...
In the competitive government contracting landscape, your professional network can be your key to success. But not every networking opportunity is worth your while. Service providers and the professional networking crowd can get in the way of meaningful and productive connections with actual senior-level executives and industry leaders. That’s w...
Boeing (NYSE: BA) has agreed to buy Spirit AeroSystems in an all-stock transaction valued at about $4.7 billion, or $37.25 per share. The acquisition is expected to conclude by mid-2025 and will include Boeing-related commercial, defense and aftermarket operations, the Arlington, Virginia-based defense and aerospace contractor said Monday. According...
Lockheed Martin (NYSE: LMT) has received a potential three-year, $5.3 billion contract from the U.S. Army to produce Phased Array Tracking Radar to Intercept on Target or PATRIOT Advanced Capability-3 missiles. The Department of Defense said Friday Army Contracting Command at Redstone Arsenal in Alabama received one offer for the PAC-3 missile produ...
The Fiscal Year 2025 Defense Appropriations Act, which provides a total discretionary allocation of $833.053 billion, cleared the House on Friday with a 217-198 vote. “This FY25 Defense bill ensures our defenders are equipped, trained, and prepared to protect the United States,” House Appropriations Committee Chairman Tom Cole, R-Ok., sa...
