RTX reported $21.6 billion in fiscal 2024 fourth-quarter sales, up 9 percent from the prior-year period, and recorded $218 billion in total backlog with the defense segment accounting for $93 billion of that backlog. For the full year 2024, the Arlington, Virginia-based aerospace and defense contractor said Tuesday it saw its adjusted sales ri...
KBR has received a new time and material, cost-reimbursable task order with a potential value of $187 million from the State Department to deliver medical support services in Iraq. Medical Support Services Iraq Task Order The Houston, Texas-based company said Monday the Medical Support Services Iraq, or MedSSI, task order, was awarded under the...
Mark Washburn, an experienced defense and space technology industry leader, has joined software development company Galorath Inc. as vice president of business development. The executive confirmed his new role in a LinkedIn post Saturday. Galorath Recruits Mark Washburn Washburn brings to the role an extensive experience in business developmen...
Space infrastructure provider Loft Orbital has raised $170 million in a round of Series C financing led by Tikehau Capital and Axial Partners. The San Francisco-based company said Tuesday it plans to use the capital to further support its operations, advance the launch of satellites for multiple constellations and grow its ecosystem of artificial in...
2024 has seen a number of significant mergers and acquisitions in the government contracting sector. With organizations seeking to expand their portfolios, increase competitive advantage and break into new markets, M&A activity has transformed the industry. From aerospace and defense to cybersecurity and technology innovation, these deals are re...
Alpha Omega has appointed Stephen Ambrose to its newly established chief scientist role as part of its commitment to climate science. The company said Monday Ambrose has more than 35 years of experience working in the public and private sectors, including at the National Oceanic and Atmospheric Administration, NASA, Woolpert and General Dynamic...
By Kevin Plexico, Senior Vice President of Information Solutions at Deltek The 2025 federal fiscal year is well underway, and with the new year comes a new slate of federal government contracting opportunities for businesses to target as they look to develop their public sector pipeline. Deltek recently released the top contract vehicles in four...
Booz Allen Hamilton has appointed executive vice presidents Andrea Inserra and Steve Escaravage as presidents of the global defense sector and newly established defense technology group, respectively, effective April 1, 2025. The McLean, Virginia-based technology consulting firm said Inserra and Escaravage will drive digital transformation, mission ...
Andrew Auerbach, a technology executive in the defense and intelligence sectors, has joined Sierra Nevada Corp. as vice president of technology, GovCon Wire has learned. Leading Tech Innovation Across SNC’s Product Lines In this capacity, Auerbach will oversee SNC’s technology strategy, tech investments and innovation initiatives and lev...
Spirit AeroSystems has agreed to sell its Fiber Materials Inc. business to Tex-Tech Industries for $165 million in cash. In a statement released Monday, Tex-Tech CEO Scott Burkhart said FMI’s range of high-performance products will be added to the company’s offerings for the space and defense industry. “Our customers demand world-c...
