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Maximus saw its full fiscal year 2024 revenue rise 8.2 percent to $5.31 billion and reported $1.3 billion in fourth-quarter revenue, a 4.4 percent increase from the prior-year period. In an earnings release published Wednesday, the Tysons, Virginia-based government services contractor said quarterly and full FY 2024 results were driven by volume gro...
AeroVironment has agreed to acquire BlueHalo for approximately $4.1 billion in an all-stock transaction to establish a diversified defense technology company with a portfolio of capabilities, including uncrewed platforms, space technologies, short- and long-range loitering munitions, cyber and electronic warfare systems. In a joint release published...
The South Korean government has secured approval from the U.S. Department of State to purchase F-15K aircraft upgrade and logistics support for an estimated cost of $6.2 billion. The Defense Security Cooperation Agency said Tuesday Boeing, BAE Systems and Raytheon Technologies will serve as primary contractors for the proposed foreign military sale....
Enlightenment Capital has raised $825 million in total capital commitments for its fifth fund, allowing it to further advance its strategy of investing in companies supporting critical defense and government missions. The Washington, D.C. area-based private investment firm said Tuesday that the oversubscribed Enlightenment Capital Solutions Fund V c...
Northrop Grumman has received a U.S. Navy contract worth approximately $318.7 million to continue providing technical engineering and integration support services for the Trident II (D-5) submarine-launched ballistic missile and underwater launcher systems of guided missile submarines. The Department of Defense said Tuesday the sole-source contract ...
Constellis has named Chief Information Officer Jay Sipper to the executive management team. In a statement published Tuesday, Constellis CEO Terry Ryan said Sipper, as an EMT member, will help improve the company’s cybersecurity posture, launch technologies that drive sustained growth and advance digital transformation efforts aligned with org...
Textron Aviation has received a contract modification worth $276.8 million from the U.S. Navy for T-54A aircraft, equipment and other related items and services. The Department of Defense said Thursday the Wichita, Kansas-based company will produce 26 units of T-54A aircraft, 24 of which will be under Lot 3 while the remaining two will be under...
Lockheed Martin‘s Sippican business has received a $139 million contract modification from the U.S. Army for Stinger missile fuze/warhead body assemblies. The Department of Defense said Thursday that contract work is expected to run through Nov. 30, 2027, with work locations and funding to be determined with each order. In April 2021, Sippican...
Executive Mosaic’s GovCon Index registered its largest single-day loss this week and a massive 9.31% weekly loss. Besides the 6.2% plunge Thursday, the substantial gains (+4.7%) from the previous record-setting week were gone. The index, which tracks the stock performances of 30 major government contractors, closed 1.78% lower at $5,160.07 Fri...
Real-time 3D simulation and digital twin technologies provide the U.S. government — especially the military — an ability to train its personnel “across a much broader spectrum of scenarios and ‘what if’s,’” explains Ret. VADM Sean Buck, president of the National Training and Simulation Association. Rather than be limited by what i...
