Lockheed Martin has secured a $211.7 million contract modification from the Missile Defense Agency to provide maintenance and sustainment services to two Terminal High Altitude Area Defense, or THAAD, batteries in the United Arab Emirates. The Department of Defense said Wednesday that the requirement was solicited from Lockheed Martin Space as the o...
V2X posted record fourth-quarter revenue of $1.16 billion, reflecting an 11 percent year-over-year growth, and full-year 2024 revenue of $4.32 billion, up 9 percent from the previous year. Q4 & Full-Year 2024 Financial Results In an earnings release published Tuesday, the McLean, Virginia-based defense services contractor said its book-to-bill i...
By Venkatapathi “PV” Puvvada, CEO of NetImpact Strategies Understanding the Cost of Technical Debt in Federal IT The United States has long struggled with managing its financial debt—borrowing beyond its means, deferring payments and accumulating obligations that eventually come due. The same holds true for technical debt, the si...
Scott Pfister is the president and CEO of Precise Systems, where his leadership has fueled the company’s growth as a government services solutions provider. On his watch, Precise has expanded to over 1,300 employees and successfully completed three acquisitions, broadening its footprint both nationwide and internationally. Pfister’s comm...
Matt Matthews has assumed the role of chief delivery officer at Client Solution Architects. The Virginia-based IT solutions provider said Wednesday that Matthews will be responsible for delivery operations and ensuring that CSA is well-positioned to address national security challenges. “Matt’s proven experience, forward-thinking v...
The U.S. Air Force has awarded RTX subsidiary Pratt & Whitney a potential three-year, $1.5 billion contract to sustain F119 engines for the military branch’s F-22 Raptor fighter aircraft. RTX said Thursday the engine sustainment contract will enhance readiness and reduce costs for more than 400 F199 engines that have logged over 900,000 fl...
Ridgeline International has agreed to acquire System High for an undisclosed sum as part of efforts to establish a scaled provider of high-end security offerings designed to protect the country’s weapons systems, critical operations and intelligence missions. According to a joint release published Wednesday, the companies expect the transactio...
Dynamic Integrated Services has purchased Vital Edge Solutions for an undisclosed sum to expand its capability to deliver mission-critical technology platforms and IT services to federal government clients. DIS said Wednesday the transaction expands its capabilities in IT modernization, management consulting and strategic communications and strength...
Artificial intelligence platform provider Virtualitics has promoted Rob Bocek, a defense technology industry veteran, to chief revenue officer. The Pasadena, California-based company said Thursday Bocek will drive AI innovation across federal and global markets, strengthen partnerships and help scale platforms that support customers’ missions....
John Lau, a 15-year industry veteran, has been selected as vice president of defense and intel solutions at ECS. The information technology systems integrator said Thursday Lau will spearhead the delivery of its data, artificial intelligence, cloud, cybersecurity and digital services portfolio across the Department of Defense and Combatant...
