Leidos (NYSE: LDOS) has implemented changes throughout its internal programs and growth offices as the company aims to continue developing “mission-critical software” while collaborating with key industry partners. During a keynote speech at Leidos’ seventh annual Supplier Innovation & Technology Symposium on Tuesday, Leidos Chief Grow...
Tom Reynolds has been selected as the new chief strategy officer of Seasats, a company that specializes in autonomous surface vessels. Seasats announced the move in a LinkedIn post shared Tuesday. An experienced industry executive, Reynolds previously worked at HII (NYSE: HII). He was the senior director of business development for unmanne...
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...
What Is RIMPAC? The Exercise Rim of the Pacific is the biggest international naval demonstration. Known as RIMPAC, it biennially gathers a group of willing ally nations to bring their most exciting tools and vessels and perform a series of exercises broken down into three movements: the harbor phase, the force integration training phase an...
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...
The Department of the Navy is all-in on collaboration, and one key way it is engaging with industry partners is through contracts. There are numerous Navy contracts currently up for grabs. These opportunities cover a wide range of areas, such as information technology, shipbuilding, training and more. Keep reading for a glimpse into seven standout...
An RTX (NYSE: RTX) business will upgrade the U.S. Navy’s MK 15 Close-In Weapon Systems under a firm-fixed-price contract valued at $159.9 million. Raytheon will supply MK 15 Mod 31 SeaRAM upgrade kits and associated hardware to the service branch over a three-year period, the Department of Defense said Friday. The military and aerospace ...
An RTX (NYSE: RTX) business has secured a U.S. Army contract worth $2.1 billion for low-rate initial production of the Lower Tier Air and Missile Defense System. The Department of Defense said Wednesday Raytheon will perform contract work at its Andover, Massachusetts location over a four-year period. LTAMDS is a radar intended to defeat hypersonic...
Parsons (NYSE: PSN) posted a record revenue of $1.7 billion during the second quarter of 2024, reflecting a year-over-year growth of 23 percent, and ended the quarter with a total backlog of $8.8 billion with a book-to-bill ratio of 0.9x on net bookings of $1.5 billion. The Centreville, Virginia-based defense and infrastructure engineering company s...
Booz Allen Hamilton (NYSE: BAH) saw its revenue climb 10.8 percent to $2.94 billion during the first quarter of fiscal year 2025 and recorded $255.2 million in operating income, up 8.9 percent from the prior-year period. The McLean, Virginia-based information technology and management consulting firm said Friday net income rose 2.4 percent to $165.2...
