Lockheed Martin has received two U.S. Navy contracts worth $165 million combined to provide long-lead materials and software development support for the F-35 fighter jet program. Join the Potomac Officers Club’s 2025 Navy Summit on Aug. 26, and listen to experts as they discuss the latest tech capabilities, contracting opportunities, policies ...
Booz Allen Hamilton reported $2.9 billion in revenue for the first quarter of fiscal year 2026. In an earnings release published Friday, the McLean, Virginia-based IT company said its revenue saw a slight dip of 0.6 percent year-over-year. However, the adjusted net income increased by 2.2 percent from the previous year. Meeting Company Expectations ...
The Naval Supply Systems Command has awarded Toll Remote Logistics a position on a potential 10-year, $1.9 billion firm-fixed-price, indefinite-delivery/indefinite-quantity contract to support global military logistics under the Worldwide Expeditionary Multiple Award Contract 2.0. Join the 2025 Navy Summit, where naval and maritime leaders will disc...
Textron subsidiary Airborne Tactical Advantage Co. has received a potential five-year, $554.4 million contract from the U.S. Navy to provide Type III high subsonic and Type IV supersonic aircraft for the service branch’s fleet customers. Learn more about the service branch’s latest contracting opportunities, tech advancements, trends and...
The Department of State has approved the Egyptian government’s request to purchase the National Advanced Surface-to-Air Missile System. RTX will serve as the principal contractor for the proposed foreign military sale, which is estimated to be valued at $4.67 billion, the Defense Security Cooperation Agency said Thursday. The weapon system pur...
General Dynamics saw its fiscal 2025 second-quarter revenue increase 8.9 percent to $13 billion and reported $3.74 in Q2 diluted earnings per share, up 14.7 percent from the prior-year period. In an earnings release published Wednesday, the Reston, Virginia-based defense and aerospace contractor said its Q2 operating earnings rose 12.9 percent to $1...
AECOM has received three contracts worth more than $400 million combined from the U.S. Army Corps of Engineers, or USACE, Honolulu District to provide modernization support for critical infrastructure across the Pacific region. USACE Architect-Engineer IDIQ Contracts The company said Monday the indefinite-delivery/indefinite-quantity contracts will ...
David Broadbent, a former Intelsat and Raytheon executive, was officially appointed president and CEO of SES Space & Defense on July 17. Catch David Broadbent at the Potomac Officers Club’s 2025 Air and Space Summit on July 31 as he and other government contracting leaders discuss the latest air and space initiatives. The R...
Global artificial intelligence and cybersecurity firm Palo Alto Networks has finalized the acquisition of Protect AI, a company specializing in securing AI applications and models. Enhancing AI Security Capabilities Palo Alto Networks said Tuesday it will integrate Protect AI’s technology and expertise into its Prisma AIRS AI se...
Lockheed Martin reported $18.2 billion fiscal 2025 second-quarter sales, a total backlog of $166.5 billion and Q2 net earnings of $342 million, or $1.46 per share. In an earnings release published Tuesday, the Bethesda, Maryland-based aerospace and defense contractor said its cash from operations was $201 million during the second quarter of 2025, d...
