General Dynamics saw its third-quarter 2024 revenue increase 10.4 percent to $11.7 billion and reported operating earnings of $1.2 billion and $3.35 in diluted earnings per share, up 10.2 percent from the prior-year period. In an earnings report published Wednesday, the Reston, Virginia-based defense and aerospace contractor said it achieved a compa...
The State Department has awarded CGI Federal three task orders to provide visa application processing services in support of the Bureau of Consular Affairs in 25 countries. The U.S. operating subsidiary of CGI said Tuesday it will employ its CGI Atlas360 technology to support visa application processing in Scandinavia, Central Europe, China and Sout...
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...
