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...
Leidos (NYSE: LDOS) has won a potential five-year, $191.2 million contract from the U.S. Army to provide software sustainment services for the military branch. The Department of Defense said Army Contracting Command at Aberdeen Proving Ground in Maryland launched an online solicitation and received two bids for the cost-plus-fix-fee contract. The se...
KBR (NYSE: KBR) reported $1.9 billion in revenue during the second quarter of fiscal year 2024, up 6 percent from the prior-year period, and recorded $2.1 billion in Q2 bookings and options with a book-to-bill of 1.0x on a trailing 12-month basis. The Houston-based engineering contractor said Wednesday its Q2 net income was $106 million...
The director of the Intelligence Advanced Research Projects Agency has to be equipped with a diverse background of knowledge and experience in order to lead its risk-prone, highly complex endeavors. Dr. Richard Muller, who was appointed to the post in April, certainly fits the bill. Muller has proved his capabilities in the research and develop...
