Parsons (NYSE: PSN) recorded $949 million in revenue for the first quarter of its 2022 fiscal year, up 9 percent from the prior-year period, and attributed the sales increase to organic growth from the company’s federal solutions and critical infrastructure segments. The Centreville, Virginia-based contractor ended the quarter with a total bac...
The Intelligence Community’s acquisition processes — and ultimately, its ability to partner with industry — are known for being slowed down by bureaucratic hurdles, restrictions and stringent security requirements. Top officials say they have their hands around the problem, which is the first step towards improvement. “Acquisition is the vit...
A joint venture between Black Construction and Tutor Perini has won a pair of task orders worth $124.3 million combined from Naval Facilities Engineering Systems Command Pacific to perform building work at two U.S. military installations in Guam. The first project, valued at $73 million, will involve constructing an electronics-communications mainte...
Completing government contracts can make your business more successful. But there are some basic facts you must master before becoming eliglble to compete for federal contracts. This article gives you comprehensive insight into what it takes to become a successful contractor. What Is Government Contracting? Government contracting is a business pro...
Raj Iyer, chief information officer of the U.S. Army, was officially presented his 2022 Wash100 Award, the highest honor in all of government contracting (GovCon), during the Potomac Officers Club’s 3rd Annual CIO Summit where Iyer was featured as an expert panelist. Executive Mosaic CEO Jim Garrettson presented the second consecutive Wash...
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...
