Lockheed Martin (NYSE: LMT) has dropped its plans to buy small satellite manufacturer Terran Orbital (NYSE: LLAP) for more than $500 million, SpaceNews reported Thursday. The Bethesda, Maryland-based aerospace and defense contractor confirmed to SpaceNews that it will no longer pursue its offer to acquire Terran Orbital. “We are committed to suppo...
Eric Wolf, formerly a vice president at American Systems, has been named VP of innovation at the Chantilly, Virginia-based information technology and engineering services provider. In this newly created role, Wolf will establish a vision and strategy for developing new processes, products and services and foster a culture of innovation throughout th...
Fourteen small businesses have secured spots on a 10-year indefinite-delivery/indefinite-quantity contract from the Department of Energy’s Office of Environmental Management to provide facility deactivation, decommissioning and removal services. The contractors will help decommission government facilities managed by EM, the National Nuclear Se...
HII (NYSE: HII) has posted $2.8 billion in revenues during the first quarter of 2024, a 4.9 percent increase from the prior-year period, and reported an operating income of $154 million, up 9.2 percent compared to the previous year. The company attributed its revenue increase to growth in its mission technologies and Ingalls Shipbuilding segments,...
Lynn Martin, former vice president of go-to-market at Google Public Sector, has joined Workday to serve as group vice president leading the government sector of the Pleasanton, California-headquartered provider of enterprise cloud applications for finance and human resources. “As revealed during the earnings call in late February, our focus li...
Bcore, a platform company of NewSpring Holdings, has acquired 2 Twelve Solutions in a transaction that expands its digital transformation offerings, user-centric platforms and operational capabilities in support of clients and their national security missions. Bcore said Wednesday 2 Twelve supports service branches through its digital transformation...
The Defense Health Agency has awarded 11 companies positions under the unrestricted vendor pool of a potential 10-year, $43 billion follow-on contract to provide medical staffing support services for U.S. military health care facilities. The Department of Defense said Wednesday Medical Q-Coded Support and Services-Next Generation is a multiple-award...
Seven companies have secured spots on a potential 11-year, $820 million contract to provide commodities depot activation support services for the U.S. Air Force’s KC-46 aerial refueling and military transport aircraft fleet. The contractors will provide line replaceable units and commodities to establish organic depot repair capabilities of th...
Parsons (NYSE: PSN) reported record revenue of $1.5 billion during the first quarter of 2024, reflecting a year-over-year increase of 31 percent, and a record Q1 organic revenue growth of 29 percent due to the continued ramp-up on contract awards and execution on the company’s backlog programs. The Centreville, Virginia-based defense and infra...
Rodger Jones, an executive with more than 25 years of technology and business leadership experience, was elevated to the role of president at Edgewater Federal Solutions. Edgewater said Wednesday Jones previously served as chief operating officer and general manager of Encantado Technical Solutions, a joint venture company supporting a Department of...
