Lockheed Martin posted $17.1 billion in net sales and $1.6 billion in net earnings during the third quarter of 2024. The defense contractor said Tuesday in its financial results for the quarter ended Sept. 29 that its net sales grew 1 percent compared to $16.9 billion in Q3 2023. Business Segment Financial Results The aeronautics...
Integrated Data Services, a portfolio company of Arlington Capital Partners, has appointed industry veteran Tammer Olibah as president and CEO. Leading Delivery of Software to Federal Government Clients IDS said Tuesday Olibah will oversee the execution of the company’s strategic business growth initiatives and delivery of business management soft...
RTX reported fiscal 2024 third-quarter sales of $20.1 billion, 8 percent organic sales growth and $2 billion in free cash flow. In an earnings report published Tuesday, the Arlington, Virginia-based aerospace and defense contractor posted a record backlog of $221 billion with the defense segment accounting for $90 billion of that backlog. The compan...
SMX has won a potential seven-year, $3.2 billion task order to continue providing command, control, computers, communications, combat systems, cyber, intelligence, surveillance and reconnaissance, or C6ISR, capabilities across all domains for Special Operations Command Pacific and its mission partners supporting U.S. Indo-Pacific Command. The digita...
Advanced engineering and technology company Amentum over the last year merged with two Jacobs businesses to form what Raymond James Equity Capital Markets Managing Director Brian Gesuale calls the “biggest solutions provider in this space, if you look at scale against all the peers in the public markets.” This dominance is achi...
Jessica Hersey has joined Red River as senior vice president of business development for government technology services. She confirmed her new role in a post on LinkedIn Saturday. Hersey brings to Red River over 25 years of experience in the government contracting industry. She most recently served as vice president of business development for the...
Executive Mosaic’s GovCon Index rose 0.33% Friday to $5,617.83, its highest close on record. The index, which tracks the stock performances of 30 major government contractors, registered a 2.04% week-on-week gain. It also matched the six-week winning streaks of the Dow Jones Industrial Average and S&P 500 Index. The blue-chip Dow Jones (+1...
The U.S. Space Force has awarded two task orders worth $733.6 million combined to SpaceX to provide Lane 1 launch services as part of the third phase of the National Security Space Launch program. The service said Friday the awards mark the first two Lane 1 launch service task orders, or LSTO, issued by Space...
Chris Inglis, the former national cyber director, deputy director of the National Security Agency and a Wash100 Award recipient, has joined MITRE’s board of trustees. In a statement published Thursday, Mark Peters, president and CEO of MITRE, said Inglis’ cybersecurity and national security leadership experience will be an asset to the not-for-p...
Software developer Clarity Innovations has appointed Jason Bonci, former chief technology officer of the Department of the Air Force, as senior vice president. Bonci’s new role calls for driving company growth by aligning engineering and business resources and propelling integration of new systems and data solutions, Clarity Innovations said Thurs...
