V2X (NYSE: VVX) reported $958.2 million in revenue during the third quarter of 2022 and saw its pro forma revenue climb 10 percent year-over-year to $961.3 million. The company said Tuesday the quarterly results reflect the contributions of Vectrus between July 1 and end of September and Vertex from July 5 to Sept. 30. On...
Edgesource has acquired data analytics services provider Auspex in a transaction that will broaden its capabilities in the national security sector. Founded in 2015, Auspex is a service-disabled veteran-owned small business that provides data analytics, cybersecurity, data operations, management consulting and operations research support for the Dep...
The Space Development Agency is seeking information on industry sources that could provide a position, navigation and timing service payload for the second tranche of the National Defense Space Architecture’s transport layer. SDA intends to proliferate a low cost L-band PNT service payload on the Tranche 2 Transport Layer, according to a request f...
KBR (NYSE: KBR) has received a pair of contracts worth a combined $120 million to perform data analysis and modeling work to help the U.S. government evaluate spacecraft system acquisition programs. The awards cover the provision of analytic products and systems engineering services to inform procurement decisions for information technology systems,...
HII (NYSE: HII) reported net earnings of $138 million, or $3.44 per diluted share, for the third quarter of its 2022 fiscal year and registered a 12.3 percent growth in sales year-over-year to $2.6 billion. The military shipbuilder said Thursday that its Newport News Shipbuilding business and sales generated through its acquisition of Alion Sc...
DMI, a portfolio company of OceanSound Partners, has purchased digital transformation services provider The Ambit Group in a transaction aimed to grow DMI’s portfolio of clients, service offerings and contract vehicles as well as broaden its presence in the defense and federal civilian markets. “With this addition, we combine Ambit’s c...
Over the last couple of years, workforce shifts due in large part to the COVID-19 pandemic have hastened the transition from hardware and software-based procurement processes to cloud-stored models. Since many government workers started to work from home in (relatively) recent times, agencies began to look toward doing business through cloud-based, ...
Parsons (NYSE: PSN) saw its third quarter revenue for fiscal year 2022 jump 19 percent to $1.13 billion and attributed the sales growth to ramp-up of contract work and increased hiring activity. The Centreville, Virginia-based contractor said Wednesday it posted $1.3 billion in Q3 2022 net bookings with a book-to-bill ratio of 1.1x and ended...
The State Department approved a potential $535 million foreign military sales request from Finland for guided multiple launch rocket systems and supporting equipment. Lockheed Martin‘s (NYSE: LMT) missiles and fire control business will serve as the prime contractor for the proposed sale, the Defense Security Cooperation Agency said Wednesday....
Kongsberg’s defense and aerospace business unit will continue to equip the U.S. Army’s armored vehicles with a weapon system for target identification and engagement under a five-year, $1.5 billion contract. The indefinite-delivery/indefinite-quantity contract covers the delivery of the Common Remotely Operated Weapon Station, which is p...
