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Astrion, a portfolio company of Brightstar Capital Partners, has agreed to acquire Axient for an undisclosed sum to expand its capabilities and presence in the defense and federal civilian market. Astrion said Wednesday it expects the acquisition to conclude in the third quarter of 2024, subject to government and regulatory clearances and other cust...
KBR (NYSE: KBR) reported $1.9 billion in revenue during the second quarter of fiscal year 2024, up 6 percent from the prior-year period, and recorded $2.1 billion in Q2 bookings and options with a book-to-bill of 1.0x on a trailing 12-month basis. The Houston-based engineering contractor said Wednesday its Q2 net income was $106 million...
Akira Technologies has appointed Craig Fitzpatrick, a technology industry executive, as chief innovation officer. In a LinkedIn post published Wednesday, the Washington, D.C.-based company said Fitzpatrick will oversee research and development, customer-centric prototype development efforts and emerging technology partnerships. The U.S. Air Force ve...
Jeff Muller, former director of special projects at Atlantix Partners, was appointed chief operating officer at Rise8. The Tampa, Florida-headquartered software development company said Tuesday Muller will be responsible for accelerating growth for Rise8 through strategic planning, organizational development and information technology and human reso...
General Dynamics (NYSE: GD) generated $11.9 billion in revenue during the second quarter of fiscal year 2024, which the company’s CEO, Phebe Novakovic, described as “a strong quarter overall.” The company said Wednesday that its revenue for the period was 18 percent higher than the revenue reported for the same period in 2023. Of t...
KBR (NYSE: KBR) has won a $153.6 million contract from the U.S. Navy to provide certified and qualified operational contractor support services for naval aircrew. The Department of Defense said Tuesday the indefinite-delivery/indefinite-quantity contract requires KBR to support testing and evaluation of all manned air vehicles managed and operated b...
Ron Ash, chief operating officer of Accenture‘s (NYSE: ACN) government-focused business arm, will succeed John Goodman as Accenture Federal Services CEO on Sept. 1. The company said Tuesday Ash will also take over the chairmanship of Accenture Federal Services’ board of managers from Goodman, who is set to step down from his roles on Aug...
An Akima subsidiary has received a potential 10-year, $563 million contract from the U.S. Army to provide installation support services at Redstone Arsenal in Huntsville, Alabama. The company said Tuesday Akima Facilities Operations will provide engineering services, facility and equipment maintenance and environmental services for Department of Def...
Lockheed Martin (NYSE: LMT) reported a 9 percent year-over-year increase in fiscal 2024 second-quarter net sales to $18.1 billion, a total backlog of $158 billion and Q2 net earnings of $1.6 billion, or $6.85 per share. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it recorded $1.9 billion in cash from operations and fre...
At the much-discussed current “strategic inflection point” the U.S. finds itself — considering geopolitical disturbances like the war in Ukraine and competition from the ‘pacing threat’ of China — achieving “cost-effective mass” is the most effective strategy for deterrence, argues Melissa Dalton, under secretary of the U.S. Air For...
