ManTech has received a U.S. Air Force contract worth approximately $98 million to provide services for the processing and analysis of a wide range of environmental samples containing nuclear-related materials. The Department of Defense said Tuesday the firm-fixed-price, indefinite-delivery/indefinite-quantity contract will support the Air Force Tech...
Leidos saw its revenue increase 7 percent year-over-year to $4.2 billion during the third quarter of fiscal year 2024 and attributed the revenue growth to increased demand across all customer segments, particularly for managed health services. In an earnings release published Tuesday, the defense and IT services contractor said it recorded $362 mill...
HII’s Mission Technologies division will combine its six operational groups into all-domain operations, global security, warfare systems and uncrewed systems groups as part of efforts to optimize the division for long-term growth. The McLean, Virginia-based company said Friday the reorganization will take effect Monday, Oct. 28, and will be aligne...
The State Department has approved the Kingdom of Saudi Arabia’s request to purchase tube-launched, optically-tracked, wireless-guided, radio frequency TOW 2A and TOW 2B missiles for an estimated cost of $440 million. RTX will serve as the principal contractor for the proposed foreign military sale, the Defense Security Cooperation Agency...
Executive Mosaic’s GovCon Index ticked 0.23% higher to $5,491.84 Friday, its only gain in five trading sessions. The index, which tracks the stock performances of 30 major government contractors, lost 2.24% week-on-week for its first losing week since the week ending Sept. 13. As of Oct. 25, 2024, the GovCon Index is up 17.64% year-to-date....
Northrop Grumman generated $10 billion in sales during the third quarter of 2024, up 2 percent from the same period last year, and posted $11.7 billion in Q3 net awards with a record backlog of $85 billion. In an earnings release published Thursday, the Falls Church, Virginia-based aerospace and defense contractor said year-to-date sales rose...
Invisible Technologies has appointed Wes Green, a 28-year defense and national security market veteran, as senior vice president to lead its newly launched global public sector operations. The company said Thursday Green will oversee Invisible’s collaboration efforts with federal agencies and technical staff through the global public sector segmen...
Daniel Olmes has transitioned to the role of chief risk officer at Xcelerate Solutions, where he most recently worked as chief operating officer. Olmes will be responsible for driving strategic risk mitigation initiatives and streamlining merger and acquisition activities, Xcelerate Solutions said in a LinkedIn post published Thursday. The executive...
The Department of Homeland Security’s Federal Emergency Management Agency plans to launch a competition for a follow-on contract to continue providing operations portfolio sustainment and enhancement support to help keep FEMA’s information systems available and operational. According to a notice published Thursday on the Acquisition Planning For...
The U.S. Space Force has awarded Northrop Grumman a potential $1.8 billion contract modification to build and launch the first two polar space vehicles under the Next-Generation Overhead Persistent Infrared program. The Department of Defense said Wednesday the company will also transition the Next-Gen OPIR Polar Space Vehicles 1 and 2 to operations ...
