Data is continuously transforming all facets of the modern battlefield, and recognizing its potential, the U.S. Army is working to unlock the benefits it offers for the warfighter. One area in which data has huge potential is contested logistics, which has evolved along with technology. “When you hear ‘contested logistics,’ itR...
DLH Holdings (Nasdaq: DLHC) posted fiscal 2023 third-quarter revenue of$102.2 million, up 54 percent from the prior-year period’s $66.4 million. The Atlanta-based company said Wednesday it ended the quarter with a contract backlog of $817.8 million, of which about $147.3 million was funded. The federal digital transformation and systems engineerin...
HII (NYSE: HII) saw its second-quarter revenue for fiscal year 2023 climb 4.7 percent to $2.8 billion and reported net earnings of $130 million and diluted earnings per share of $3.27 for the quarter. The military shipbuilding company said Thursday Q2 new contract awards reached about $2.6 billion and that it ended the quarter with...
ICF (Nasdaq: ICFI) reported $500 million in fiscal 2023 second-quarter revenue, up 18 percent from the same period a year ago, with the company’s federal business accounting for 54.4 percent of total quarterly sales. The consulting and technology services provider said Thursday sales from its federal customers jumped 20.6 percent year-over-yea...
Parsons (NYSE: PSN) achieved record revenue of $1.4 billion for the second quarter of fiscal 2023, reflecting a year-over-year increase of 34 percent, and attributed the rise to organic growth from the contractor’s federal solutions and critical infrastructure segments. The Centreville, Virginia-based defense and infrastructure engineering com...
HII’s (NYSE: HII) Mission Technologies division will provide emerging intelligence, surveillance and reconnaissance technologies for the National Security Innovation Network and its mission partners under a potential five-year, $1.4 billion task order awarded under the General Services Administration’s ASTRO contract vehicle. The Joint Network E...
HII’s (NYSE: HII) Ingalls Shipbuilding division and General Dynamics’ (NYSE: GD) Bath Iron Works subsidiary have received multiyear procurement contracts from the U.S. Navy to build nine DDG 51 Arleigh Burke-class guided-missile destroyers in Flight III configuration. Naval Sea Systems Command said Tuesday the fixed-price-incentive firm target a...
Leidos (NYSE: LDOS) saw its revenue climb 7 percent year-over-year to $3.8 billion during the second quarter of fiscal year 2023 and reported $210 million in net income and diluted earnings per share of $1.50. The defense and information technology services contractor said Tuesday the revenue growth was driven by increased demand for hypersoni...
CAE USA has won a 20-month other transaction agreement from the U.S. Army to complete the development of a virtual training system designed to help soldiers hone their weapon skills, perform joint fires and use force in missions. The phase two award for Soldier Virtual Trainer prototyping work comes after the service branch engaged with...
Emergent BioSolutions (NYSE: EBS) will further develop a licensed drug against Ebola under a potential 10-year, $704 million contract from the Department of Health and Human Services. Development services on Ebanga under the contract are valued at $121 million and the award includes a five-year option worth $583 million for the U.S. government to pr...
