What Is RIMPAC? The Exercise Rim of the Pacific is the biggest international naval demonstration. Known as RIMPAC, it biennially gathers a group of willing ally nations to bring their most exciting tools and vessels and perform a series of exercises broken down into three movements: the harbor phase, the force integration training phase an...
As the Department of Defense continues to take on emerging global threats, collaboration among the military and industry partners is becoming increasingly critical. During a fireside chat at Leidos’ seventh annual Supplier Innovation & Technology Symposium on Tuesday, Leidos CEO and 2024 Wash100 Awardee Tom Bell and retired Gen. James Ma...
Jacobs (NYSE: J) reported its third quarter fiscal 2024 results, which showed revenue growth, backlog of $30.6 billion and robust cash flow performance. The American international technical professional services firm said Tuesday it also generated $445 million free cash flow, representing a year-to-date free cash flow conversion above 100%. Bo...
As the agency charged with protecting the American homeland and its citizens, the Department of Homeland Security is undertaking a myriad of initiatives aimed at better securing the nation from emerging threats. And in the age of artificial intelligence, it’s no surprise that DHS is deploying AI to execute some of its critical homeland security...
Cybersecurity company SIXGEN has acquired Boldend to expand its portfolio with the addition of the latter’s cyber automation tools, software and electronic warfare platforms and add engineering and technical talent needed to speed up the development and delivery of capabilities to digital warfighters and support U.S. defense and national secur...
V2X (NYSE: VVX) reported record revenue of $1.07 billion during the second quarter of 2024, reflecting a year-over-over increase of 10 percent, and posted $759 million in quarterly bookings with a total backlog of $12.2 billion, of which $2.9 billion was funded. The McLean, Virginia-based defense services contractor said Tuesday it recorded $27.4 mi...
A U.S. Air Force squadron has awarded Leidos (NYSE: LDOS) a task order to perform research and development efforts focused on minerals and materials with potential munition application. The 774th Enterprise Sourcing Squadron task order is valued at $276 million and aims to enhance the Defense Technical Information Center’s knowledge repository...
An RTX (NYSE: RTX) business will upgrade the U.S. Navy’s MK 15 Close-In Weapon Systems under a firm-fixed-price contract valued at $159.9 million. Raytheon will supply MK 15 Mod 31 SeaRAM upgrade kits and associated hardware to the service branch over a three-year period, the Department of Defense said Friday. The military and aerospace ...
The U.S. Navy has set the stage for sweeping changes in the coming years. With a reinvigorated focus on science and technology, a detailed plan for cyber operations and new ideas for its organizational structure, the Navy is on track for a major transformation. Dive into the Navy’s most important initiatives at the Potomac Officers...
An RTX (NYSE: RTX) business has secured a U.S. Army contract worth $2.1 billion for low-rate initial production of the Lower Tier Air and Missile Defense System. The Department of Defense said Wednesday Raytheon will perform contract work at its Andover, Massachusetts location over a four-year period. LTAMDS is a radar intended to defeat hypersonic...
