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Leidos (NYSE: LDOS) saw its first-quarter revenue for the fiscal year 2022 climb 5 percent to $3.5 billion and posted $177 million in net income and diluted earnings per share of $1.25 during the quarter. The Reston, Virginia-based technology services contractor said Tuesday the sales growth from the prior-year period across reportable segments was ...

At the onset of the COVID-19 pandemic in March 2020, health care organizations were forced to modernize at a rapid pace in order to handle the massive influx of patients, adapt to constantly changing federal guidelines and address quickly-evolving medical needs. Over the past two years, the health care industry has initiated a slew of...

NuScale Power will begin trading Tuesday, May 3, on the New York Stock Exchange after it completed its merger with blank check company Spring Valley Acquisition (Nasdaq: SV) that was first announced in December. Shareholders at special purpose acquisition company Spring Valley approved the business combination Thursday and the combined entity will o...

Houston-based Bristow Group (NYSE: VTOL) has agreed to buy British International Helicopter Services for an undisclosed sum as part of efforts to further build up its government services business. Vertical flight platforms provider Bristow said Friday it expects the all-cash transaction to conclude in the third quarter of 2022, pending regulatory ap...

Momentus (Nasdaq: MNTS) has secured a Federal Communications Commission license to use radio frequencies to support communications for the first launch of its Vigoride orbital transfer vehicle. The FCC consulted with other government agencies to authorize Momentus to use radio frequencies to communicate with the spacecraft following its upcoming May...

The Federal Aviation Administration has chosen seven companies for a potential $271.9 million small business set-aside contract to provide augmentation or backup services to the agency’s automated aviation weather observing systems at U.S. airports. FAA named the awardees for the multiple-award weather observation services contract in a notice...

The Department of Energy is seeking information from state governments and tribal nations on how to best tailor a formula grant program aimed at boosting the climate change resilience of the U.S. power grid. The $2.5 billion modernization effort under the department’s Building a Better Grid Initiative stemmed from the Bipartisan Infrastructure...

TYSONS CORNER, VA, April 28, 2022 — SummIT Alliance, a joint venture between Redhorse and ITegrity, will provide federal customers with consulting services and technical tools in support of their efforts to develop emerging technologies, ExecutiveBiz reported. The contractor will offer the said support as part of its spot on the General Services A...