Parsons has reported $1.49 billion in first quarter 2026 revenue, down 4 percent year over year, while setting a quarterly record in adjusted EBITDA. What Were Parsons’ First Quarter Results? Excluding a confidential contract, the Chantilly, Virginia-based company said Wednesday that total revenue increased 8 percent and organic revenue r...
Reliable Robotics has raised $160 million in new funding to support the deployment and production of its Reliable Autonomy System, the autonomous aircraft systems company announced Tuesday. What Will the Funding Support? The company said the capital will be used to scale production and accelerate deployment of its Reliable Autonomy System, or R...
Naval Information Warfare Center Atlantic has issued a solicitation seeking contractor support for shipboard command, control, communications, computers, cyber and intelligence, or C5I, readiness, integration and technical services for the U.S. Coast Guard. The Potomac Officers Club’s 2026 Navy Summit on Aug. 27 will explore evolving nava...
The Department of Transportation is undergoing rapid transformation under Transportation Secretary Sean Duffy. Since stepping into the role in January 2025, Duffy has prioritized robust infrastructure investments, safety standards, and the speedy, efficient delivery of critical projects nationwide. DOT’s transformation presents ample opp...
LMI has been awarded a $100 million Small Business Innovation Research Phase III indefinite-delivery/indefinite-quantity contract to support life cycle logistics and readiness sustainment efforts for the U.S. Space Force. The Potomac Officers Club’s 2026 Air and Space Summit, set for July 30 and supported by event sponsor LMI, will c...
SAIC has secured a $95 million contract from the Government Accountability Office to provide enterprise IT services under the Technical Information Services program. The company said Thursday the award covers end-to-end IT support intended to modernize GAO’s technology environment and improve system performance, security and user experience ac...
Parsons reported $6.4 billion in revenue for fiscal year 2025, while achieving record adjusted EBITDA and net income for the full year. How Did Parsons Perform Financially in Fiscal Year 2025? In an earnings release published Wednesday, the Chantilly, Virginia-based disruptive technology provider said total revenue of $6.4 billion showed a 6 pe...
Tetra Tech has acquired Halvik, a federal IT services and advisory consulting firm, for an undisclosed sum as part of a push to expand its data analytics, artificial intelligence and enterprise technology services for U.S. defense and civilian agencies. Pasadena, California-based Tetra Tech said Thursday Halvik will become part of the company’...
The General Services Administration has selected McGough Construction to deliver design and construction services for the Grand Portage Land Port of Entry Project Design Build Services contract, advancing critical infrastructure enhancements at Minnesota’s second-largest port. What Is the Scope of the Grand Portage LPOE Design-Build Contract? ...
SAIC recorded $1.77 billion in fiscal year 2026 second-quarter revenue, down 3 percent from the prior-year period, and $2.6 billion in Q2 net bookings with a book-to-bill ratio of 1.5. In an earnings statement published Thursday, the Reston, Virginia-based government technology services contractor said it ended the second quarter with an estimated t...
