HII (NYSE: HII) reported net earnings of $138 million, or $3.44 per diluted share, for the third quarter of its 2022 fiscal year and registered a 12.3 percent growth in sales year-over-year to $2.6 billion. The military shipbuilder said Thursday that its Newport News Shipbuilding business and sales generated through its acquisition of Alion Sc...
Global supply chain issues have significantly impacted the government contracting ecosystem in recent years, calling attention to the need for speed in federal acquisition, procurement and manufacturing processes. Kicking off GovCon Wire’s 3rd Annual Defense Digital Acquisition and Innovation Forum, Lt. Gen. David Bassett illustrated the...
Baird will host its highly anticipated 2022 Government & Defense Conference on Thursday, Nov. 17th featuring heavyweight executives to the government contracting (GovCon) community as well as current and former government officials who will discuss a wide range of critical topics, including intelligence, space and defense challenges and top...
Parsons (NYSE: PSN) saw its third quarter revenue for fiscal year 2022 jump 19 percent to $1.13 billion and attributed the sales growth to ramp-up of contract work and increased hiring activity. The Centreville, Virginia-based contractor said Wednesday it posted $1.3 billion in Q3 2022 net bookings with a book-to-bill ratio of 1.1x and ended...
Cadmus has acquired Wheelhouse Group for an undisclosed sum as part of efforts to expand its presence in the federal market and broaden its offerings across the areas of organizational change management, workforce transformation, stakeholder engagement and communications and enterprise optimization. Beth McDonald, co-founder and president of Wheelho...
Executive Mosaic, the government contracting sector’s premier media and events organization, is honored to announce the launch of the highly-anticipated 2023 Wash100 Award season for its historic 10th year. The Wash100 Award, GovCon’s most prestigious accolade, annually recognizes the top 100 executives of consequence in the GovCon co...
Leidos (NYSE: LDOS) posted $164 million in net income and diluted earnings per share of $1.17 in the third quarter of fiscal year 2022 and saw its revenue rise 4 percent to $3.6 billion for that period. The company attributed the sales growth to increased deployments on the Defense Healthcare Management System Modernization program, ramp-up...
Northrop Grumman Corporation is a global security leader providing innovative systems, solutions, and products to government and commercial customers. It’s a pioneer in military aircraft design and technology with products and systems ranging from advanced intelligence, space, and strike systems to cybersecurity solutions and all-seeing radars...
Kongsberg’s defense and aerospace business unit will continue to equip the U.S. Army’s armored vehicles with a weapon system for target identification and engagement under a five-year, $1.5 billion contract. The indefinite-delivery/indefinite-quantity contract covers the delivery of the Common Remotely Operated Weapon Station, which is p...
HII’s (NYSE: HII) Ingalls Shipbuilding division has received a potential $2.4 billion contract modification to design and build the amphibious assault ship LHA 9 for the U.S. Navy. The modification to a previously awarded contract in April 2020 includes options that would bring the contract’s total value to $3.2 billion if exercised, HII said Th...
