A report by financial services company Raymond James (NYSE: RJF) shows that 122 mergers and acquisitions occurred in the defense and government market during the second quarter of 2024, a 63 percent increase from the prior-year period and an 11 percent rise from the previous quarter. The August report was issued by Raymond James’ defense ...
Mercury Systems has appointed Brad Whittington, a former executive at Leidos (NYSE: LDOS) and Raytheon, as senior vice president of engineering. He will report to Mercury’s chief operating officer, Roger Wells. The recent leadership appointment is part of Mercury’s reorganization effort to streamline its operations. Joe Plunk...
CACI International (NYSE: CACI) recorded a 19.7 percent year-over-year growth in revenues to $2 billion for the fourth quarter ended June 30 and a 14.3 percent increase to $7.7 billion for the full fiscal year 2024. The Reston, Virginia-based government technology services contractor attributed the higher Q4 sales to 18.5 percent organic growth. CAC...
V2X (NYSE: VVX) reported record revenue of $1.07 billion during the second quarter of 2024, reflecting a year-over-over increase of 10 percent, and posted $759 million in quarterly bookings with a total backlog of $12.2 billion, of which $2.9 billion was funded. The McLean, Virginia-based defense services contractor said Tuesday it recorded $27.4 mi...
Jonathan Cirtain has assumed the role of senior vice president and chief development officer at BWXT Technologies, where he most recently worked as president and CEO of its nuclear medical business. He announced his appointment via a LinkedIn post on Monday. As the head of BWXT Medical, Cirtain was responsible for integrating technical expertise and...
CyberCore Technologies, now a wholly-owned subsidiary of HP’s (NYSE: HPQ) federal arm, has appointed Randy Anderson, a more than three-decade defense industry executive, as senior vice president of programs. The company said Thursday Anderson will lead program execution and drive on-contract growth initiatives across CyberCore’s business portfo...
Rachel Byer brings her research and development experience and materials characterization background to Fornax Advanced Materials, where she was appointed director of materials science. Fornax-AM said Byer will be responsible for advanced material development, material AI capability acceleration and market opportunity identification. “Rachel b...
Honeywell Strikes $1.9B All-Cash Deal for CAES; Lockheed Secures $2.3B NASA Contract to Develop NOAA GeoXO Weather Satellite Constellation; Damian DiPippa Joins Enlightenment Capital-Backed Auria as CEO; Q&A With Unanet’s Steve Karp Click to Unmute ...
CACI Wins $2B NASA Consolidated IT Support Services Contract; John Sherman to Step Down as DOD Chief Information Officer; Cognizant Strikes $1.3B Cash-and-Stock Deal for Belcan; Executive Spotlight With Equinix’s Jim Gwiazda Click to Unmute ...
Executive Mosaic’s GovCon Index suffered two sharp drops to start the shortened week, resulting in its first weekly loss in seven weeks. Still, because of Friday’s 1.13% gain, GCI advanced 2.31% month-on-month. On a year-to-date basis, the index, which tracks the stock performances of 30 major government contractors, is up 7.08%. The top th...
