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Parsons (NYSE: PSN) posted a record revenue of $1.7 billion during the second quarter of 2024, reflecting a year-over-year growth of 23 percent, and ended the quarter with a total backlog of $8.8 billion with a book-to-bill ratio of 0.9x on net bookings of $1.5 billion. The Centreville, Virginia-based defense and infrastructure engineering company s...
Clear Ridge Defense, or CRD, has won a potential $113 million contract to support the cyberspace operations of various U.S. Marine Corps units. The cybersecurity consulting company said Tuesday the prime contract will cover critical cyberspace services for the Marine Corps Forces Cyberspace Command, Marine Corps Cyberspace Warfare Group, Joint Force...
The U.S. Navy has started soliciting proposals for a potential $939.6 million multiple-award contract to develop and produce Multifunctional Information Distribution System Weapons Data Link small weapons attritable family 2 radios. According to a solicitation notice published Tuesday, Naval Information Warfare Systems Command will launch a full and...
The State Department has approved a potential $600 million foreign military sales agreement with the government of Slovakia to buy 12 AH-1Z attack helicopters, 26 T-700 GE 401C engines and related equipment and services from the U.S. government. The Defense Security Cooperation Agency said Wednesday Textron’s (NYSE: TXT) Bell subsidiary and Ge...
TransDigm Group (NYSE: TDG) has finalized its acquisition of Raptor Scientific for approximately $655 million in cash. The Cleveland, Ohio-based aircraft component supplier said Wednesday Raptor Scientific, a portfolio company of L Squared Capital Partners, is a global manufacturer of test and measurement products for aerospace and defense end marke...
CGI’s (NYSE: GIB) U.S. government arm has agreed to acquire Aeyon to expand its portfolio of technology offerings and relationships with U.S. military agencies and other critical national security customers. CGI Federal said Tuesday both parties expect the transaction to conclude in the fourth quarter of fiscal year 2024, pending regulatory cleara...
Leidos (NYDE: LDOS) has elevated Ron Keesing to the role of chief artificial intelligence officer, responsible for driving strategic company initiatives focused on developing and delivering AI products and services to customers. The chief AI officer has more than two decades of experience in AI, machine learning and analytics, and formerly served as...
Parsons (NYSE: PSN) has agreed to buy BlackSignal Technologies for approximately $200 million to broaden its cybersecurity, artificial intelligence and electronic warfare capabilities and its client base across the Department of Defense and Intelligence Community. Chantilly, Virginia-based Parsons said Tuesday it expects the transaction to be comple...
The U.S. Air Force has awarded 67 companies positions on a potential nine-year, $975 million contract to help the Air Force Rapid Sustainment Office optimize the operational readiness of deployed weapon systems. The Department of Defense said Tuesday the 771st Enterprise Sourcing Squadron at Wright-Patterson Air Force Base in Ohio received 68 offers...
The General Services Administration has released the list of 1,383 awardees under the small business set-aside track of the One Acquisition Solution for Integrated Services Plus contract program. GSA said Tuesday it plans to issue formal awards and notices to proceed for the OASIS+ Small Business contract by mid-August. Under the total small busines...
