Leidos reported $4.4 billion in fiscal year 2024 fourth-quarter revenue, up 10 percent from the prior-year period, and saw its full-year revenue rise 8 percent year-over-year to $16.7 billion, driven by robust demand across all customer segments, particularly for managed health services. In an earnings release published Tuesday, the defense an...
The promises of the second Trump administration — namely, reductions in bureaucratic redundancy and spending — have the government contracting industry sufficiently apprehensive about the prospects for funding in the year ahead, according to reporting by financial services company Raymond James. The organization has issued its monthly ...
Maximus reported $1.4 billion in fiscal year 2025 first-quarter revenue, up 5.7 percent from the prior-year period, and organic growth of 6.3 percent due to contributions from the U.S. federal services segment. In an earnings release published Thursday, the Tysons, Virginia-based government services contractor said its operating margin for the first...
Space operations provider Auria has appointed technology leader Dave Hansen as chief technology officer. In a LinkedIn post published Monday, Enlightenment Capital-backed Auria said Hansen and his team will drive growth by pooling resources and pursuing the development of new technologies and capabilities for customers. According to the company, the...
Todd Schroeder, an industry veteran with over 20 years of technology and leadership experience, shared on LinkedIn Saturday that he has been appointed vice president of federal government at Databricks. Who Is Todd Schroeder? Schroeder is a seasoned executive with deep understanding of technology management, information technology upstream...
The State Department has approved the request of Kuwait to purchase design and construction services and related equipment under the Foreign Military Sales program. The possible transaction is estimated to amount to $1 billion and will cover maritime and land facilities at the Mohammed Al Ahmed Naval Base, the Defense Security Cooperation Agency sai...
A federal judge on Thursday temporarily blocked a scheme by the Trump administration to whittle down the size of the federal workforce by encouraging federal employees to resign by accepting a buyout package, Reuters reported. Under the buyout offer, federal workers will receive their regular salaries and benefits until October without being require...
Booz Allen Hamilton saw its revenue increase 13.5 percent to $2.92 billion during the third quarter of fiscal year 2025 and reported $291.3 million in Q3 operating income, up 17.7 percent from the same period the previous year. Q3 Fiscal 2025 Results In an earnings release published Friday, the McLean, Virginia-based IT and management consulting...
K. Ryan Jenkins was appointed executive director for business development at J&J Worldwide Services, a CBRE government and defense business. He brings extensive experience in base operational support, logistics and program management, having led large-scale defense operations in various locations globally. According to Jenkins’ LinkedIn pr...
The State Department has approved Japan’s foreign military sales request to procure Standard Missile 6 Block I Missiles and related equipment worth an estimated $900 million. The Defense Security Cooperation Agency said Friday RTX will be the principal contractor of the proposed sale. Details of Potential SM-6 Block I Missile Contract Und...
