Lockheed Martin‘s (NYSE: LMT) aeronautics division has secured a 10-year, $238 million contract from the U.S. Air Force to supply and deliver F-16 initial spares to foreign military sale customers. The contract will support new aircraft procurement or major fleet upgrades for the governments of Greece, Jordan, Taiwan, South Korea and Singapore...
Vishal Luthra, a more than 30-year technology industry veteran, has assumed the role of chief growth officer at Herndon, Virginia-based federal information technology services contractor TechSur Solutions. In this capacity, he will lead the execution of TechSur’s growth strategies and oversee strategic captures, partnerships and business devel...
The audit process is distinct in the contracting industry as compared to private companies without government customers. There are extra rules and regulations by which government contracting organizations have to abide, such as the Cost Accounting Standards or the many expectations set by the Federal Acquisition Regulation. To help navigate this of...
Tim Dunne, chief operating officer of Sealing Technologies, has succeeded Edward Sealing as CEO of the Parsons (NYSE: PSN) subsidiary. In a LinkedIn post, Sealing announced the leadership change and his transition to the role of chief technology officer after serving for more than a decade as chief executive of the cybersecurity platforms provider. ...
Leonardo DRS (Nasdaq: DRS) has secured a $134 million order to deliver to the U.S. Army its next-generation thermal weapon sights designed to provide warfighters with infrared imagery during target acquisition and engagement operations. The company said Monday the Family of Weapon Sights – Individual works to wirelessly transmit thermal imagery to...
V2X (NYSE: VVX) reported new records in the third quarter of 2023, including a new top-line record for the company. In the three months that ended Sept. 29, 2023, revenue increased five percent to $1 billion and because of the strong $1.3 billion contract awards, the total backlog reached an all-time high of $13.3 billion...
HII (NYSE: HII) released its recent financial results and achieved several milestones in the third quarter of 2023. In the three months that ended Sept. 30, 2023, total revenues during the quarter increased 7.2 percent to $2.81 billion versus Q3 2022, a new third-quarter record, while new contract awards hit $5.4 billion. The company said...
The Potomac Officers Club’s 2023 Homeland Security Summit on Nov. 15 will bring together the foremost experts and decision makers from government and industry to discuss the nation’s most urgent homeland security challenges and what’s being done to address them. Click here to register, and read below for a breakdown of the summit’s spea...
Executive Mosaic, an industry-leading events, media and membership organization in the government contracting sector, is thrilled to embark on its 2024 Wash100 Award season and open executive nominations for the prestigious recognition. Each year, the widely coveted and respected Wash100 Award honors the top 100 most influential and impactful execu...
Open source software, or software with publicly available code, has become popular in the United States federal government in recent decades due to its cost savings, improved security, faster innovation and flexibility. Now, the healthcare sector is getting serious about open source. Andrea Fletcher became the first ever chief digital strategy offi...
