The U.S. Navy has awarded risk management services provider Risk Mitigation Consulting a $95 million contract to provide mission assurance, or MA, assessments of installation infrastructure and facility-related control systems, or FRCS, globally. RMC said Tuesday the five-year contract has a base period of one year and four one-year options. T...
Amentum reported $3.4 billion in first-quarter revenues for fiscal year 2025, reflecting a 2.3 percent increase on a pro forma basis driven by growth in the company’s digital and global engineering solutions segments. Q1 Fiscal 2025 Results In an earnings release published Tuesday, Amentum said its generally accepted accounting principles, or ...
Parsons has acquired environmental contractor TRS Group. The $36 million all-cash acquisition is aimed at boosting Parsons’ federal solutions and critical infrastructure segments. TRS is known for its environmental remediation technology developed for cleaning hazardous and toxic substances from soil, groundwater and fire suppression systems, ...
Private equity firm Digital Capital Partners has acquired Govplace, a secure IT products and services provider supporting federal agencies. Terms of the acquisition include retaining Govplace’s leadership team to ensure operational continuity. The partnership deal, DigiCap’s first foray into the federal sector, aims to accelerate Govplac...
The State Department has cleared Egypt’s two foreign military sales requests worth approximately $929 million combined to provide AN/TPS-78 long-range radars, COMBATSS-21 combat management systems to support the fast missile craft modernization effort and related equipment and support services. The Defense Security Cooperation Agency sai...
J&J Worldwide Services, a CBRE government and defense business, has won a spot on a U.S. Army contract valued at approximately $259.9 million to support the renovation and modernization of critical medical facilities under the Medical Repair and Renewal, or MRR, program. In a statement published Wednesday, Patrick Roddy, CEO of J&J Worldwide...
Northrop Grumman reports having generated $10.68 billion in sales for the fourth quarter of 2024 and $41.03 billion in total sales for the whole year. The company said Thursday the figures reflected strong, continuing demand for its services and products. Sales Totals and Sales Drivers The sales total for the fourth quarter of 2024 is...
The GovCon Index snapped its six-day losing streak Thursday, then advanced +0.28% to $4,895.06 before the weekend. Unfortunately, the two consecutive daily gains did not offset the three losses to start the week, including the sharp -2.77% drop on Tuesday. The index, which tracks the stock performances of 30 major government contractors, lost -2.42%...
HII has promoted Derek Murphy to vice president of new construction aircraft carriers at its Newport News Shipbuilding division. Murphy, a two-decade company veteran, will now be in charge of the shipyard’s production of all new construction aircraft carriers, including the USS John F. Kennedy, USS Enterprise and USS Doris Miller, HII sa...
BAE Systems has landed a $1.2 billion contract modification from the U.S. Air Force for continued provision of engineering services. BAE Systems as ICBM Weapons Integrator The Department of Defense said Thursday the modification to the initial $1.94 billion contract, raises the total potential value to $3.13 billion. The award is intended to extend ...
