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...
Wagish Bhartiya’s career trajectory has included the best of both worlds: he has spent roughly half of his working life in government contracting and half in the commercial sector. A fixation on and expertise in technology has been the throughline, but after a decade or so on the outside of GovCon, he was drawn in...
The shifting global security landscape, emerging technologies and workforce trends are all shaping how the government and the GovCon industry operate. GovCon Wire sat down with Rich Sawchak, CEO of Systems Planning and Analysis, to get his perspective on the GovCon trends influencing the federal landscape today. Sawchak took the reins as ...
Rocket company Relativity Space has appointed Matt Gratias, a business development executive, as vice president of federal programs. Gratias announced his promotion at the Long Beach, California-based company in a LinkedIn post published Thursday. He most recently served as senior director of government business development at Relativity Space, acco...
AE Industrial Partners has raised $1.28 billion in capital commitments from institutional investors in the U.S. and worldwide for its third private equity fund to advance its strategy to invest in national security, industrial services and aerospace sectors. The Boca Raton, Florida-based private investment firm said Tuesday AE Industrial Partners Fu...
By Joe Paiva, Chief Operating Officer at Fearless The digital divide of the 1990s exacerbated long-standing inequities in our society. As broadband internet and personal computers proliferated, they reached affluent neighborhoods and households first. This left economically disadvantaged communities, disproportionately communities of color, on...
