A Bechtel business has secured a U.S. Navy contract modification valued at $447 million for naval nuclear propulsion components. The Department of Defense said Thursday that under the cost-plus-fixed-fee award, Bechtel Plant Machinery Inc. will continue providing the Navy with the engine requirements. Work at BPMI’s Monroeville, Pennsylvania s...
HII (NYSE: HII) released its second quarter 2024 results that showed growth across all core business segments. The shipbuilder said Thursday its consolidated revenue rose 6.8% year-over-year to a record $2.97 billion, while net income climbed 33.1% to $173 million compared to Q2 2023. Chris Kastner, president and CEO of HII, shared, “Mission T...
Blue Delta Capital Partners has secured $250 million for its fourth fund, allowing it to continue making growth stage equity investments in companies in the U.S. federal government services market. In a statement published Thursday, Blue Delta General Partner Phil Nolan said the venture capital firm and its team of investors could provide mentoring ...
CACI International (NYSE: CACI) has secured a $319 million task order to impart its expertise on intelligence systems to the U.S. Army. The information technology company said Wednesday it was chosen to fulfill a five-year work aimed at supporting an Army office in establishing and maintaining an advanced and on-demand environment. The pla...
The Cybersecurity and Infrastructure Security Agency has appointed Lisa Einstein, most recently senior adviser for artificial intelligence at CISA, as its first chief AI officer. CISA said Thursday the appointment reflects the agency’s commitment to advancing the responsible use of AI to meet its cyber defense mission and assist critical infra...
Tria Federal, a middle-market tech and advisory services firm, has established a new group to build and test emerging technologies designed to address the challenges facing federal government customers. The company said Thursday Tria Federal Chief Technology Officer John Cho and a team of engineers, technologists and developers will lead the tech in...
CyberCore Technologies, now a wholly-owned subsidiary of HP’s (NYSE: HPQ) federal arm, has appointed Randy Anderson, a more than three-decade defense industry executive, as senior vice president of programs. The company said Thursday Anderson will lead program execution and drive on-contract growth initiatives across CyberCore’s business portfo...
Robert “Kelly” Ortberg was appointed president and CEO of Boeing (NYSE: BA), effective Aug. 8. The industry veteran will bring more than 35 years of aerospace experience and succeed Dave Calhoun, who is retiring from the company, Boeing said Tuesday. Ortberg, who was chairman, president and CEO of the former Rockwell Collins company, was...
An RTX (NYSE: RTX) business has secured a U.S. Army contract worth $2.1 billion for low-rate initial production of the Lower Tier Air and Missile Defense System. The Department of Defense said Wednesday Raytheon will perform contract work at its Andover, Massachusetts location over a four-year period. LTAMDS is a radar intended to defeat hypersonic...
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...
