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The Naval Sea Systems Command has awarded a contract modification to General Dynamics Electric Boat and Huntington Ingalls Inc., Newport News Shipbuilding for the construction of two Virginia-class submarines. The contract also includes increased workforce support and further investments in nuclear shipbuilding programs, NAVSEA said Wednesday. ...
Parsons reported record revenue of $1.6 billion during the first quarter of fiscal year 2025, reflecting a 1 percent year-over-year growth, and ended the quarter with a record total backlog of $9.1 billion with a book-to-bill ratio of 1.1x on net bookings of $1.8 billion. Q1 2025 Financial Highlights In an earnings release published Wednesday,...
The State Department has approved Romania’s foreign military sale request for the Patriot Air Defense System and related equipment, valued at $280 million. The Defense Security Cooperation Agency said Monday RTX and Lockheed will be the principal contractors. Patriot Air Defense System Under the proposed FMS, Romania intends to purch...
Ashley Manning, principal deputy assistant secretary of defense for cyber policy at the Department of Defense, has emerged as a transformative leader in the realm of cybersecurity. With a decorated career spanning high-profile roles across international strategy, legislative policy and cyber defense, Manning is reshaping the intersection of defense ...
Iridium Communications recorded fiscal 2025 first-quarter revenue of $214.9 million, up 5 percent from the same period the previous year, and posted Q1 net income of $30.4 million, or $0.27 per diluted share. In an earnings release published Tuesday, the McLean, Virginia-based satellite communications company said its operational earnings before int...
The CIA’s Directorate of Digital Innovation, or DDI, is seeking an improved relationship with GovCons through additional industry days and faster contracting vehicles to help it better procure services. Juliane Gallina, CIA deputy director for digital innovation, said Thursday at the Potomac Officers Club’s 2025 Digital Transformation Su...
After four decades in the federal government—seven years on active duty as a naval officer and 27 years as a civil servant—Pat Tamburrino was looking for a way he could still serve the mission. He found the perfect balance in his role as chief administrative officer at the NobleReach Foundation, which was born to unite...
Lockheed Martin recorded a 4 percent year-over-year increase in fiscal 2025 first-quarter sales to $18 billion, a total backlog of $173 billion and Q1 net earnings of $1.7 billion, or $7.28 per share. In an earnings release published Tuesday, the Bethesda, Maryland-based aerospace and defense contractor said its cash from operations was $1.4 billion...
Cherokee Federal has appointed Alisa Perkins, a more than 20-year finance executive, as chief financial officer. “Alisa Perkins is a proven financial executive whose expertise in strategic financial management, capital optimization, and stakeholder engagement will significantly contribute to our mission and vision,” Steven Bilby, preside...
Wayne Sallurday, senior director of federal services sales at Dell Technologies, said 5G plays a key role in advancing the federal government’s IT modernization efforts and delivering enhanced defense capabilities to warfighters. In an article published on Carahsoft.com, Sallurday wrote that 5G could help improve data-driven decision-making an...
