IT and supply chain platforms provider C5MI has appointed Deven Joshi, a digital transformation leader, as chief artificial intelligence officer. The latest CAIO appointment at C5MI reflects the growing emphasis federal contractors are placing on disciplined, results-driven AI adoption — a theme expected to remain a major focus across the GovCon c...
The U.S. Navy is seeking a vessel construction manager, or VCM, to lead the procurement and buildout of medium landing ships, a key platform for future Marine Corps operations. Naval Sea Systems Command said Wednesday that the selected VCM will manage work at Bollinger Shipyards and Fincantieri Marinette Marine, which secured contracts in Septe...
The Federal Aviation Administration has awarded a potential five-year, $437.4 million contract to ASRC Federal Advanced Research to provide second-level engineering services supporting the National Airspace System. Awarded on Tuesday as an 8(a) set-aside, the contract consists of a one-year base period followed by four one-year options. The award de...
ASGN federal segment ECS has appointed Donnie Scott, a government and technology leader, as president. The leadership transition at ECS comes at a time of continued focus on emerging technologies across the federal landscape. Industry leaders and government officials are expected to gather to discuss the evolving technology environment at the Potoma...
Infleqtion has become a publicly traded neutral-atom quantum technology company after it finalized its combination with Churchill Capital Corp X, a special purpose acquisition company. The company said Tuesday it started trading on the New York Stock Exchange under the ticker symbol “INFQ.” Infleqtion CEO Matthew Kinsella said the compan...
Leidos has posted revenues of $17.2 billion for fiscal year 2025, marking a 3 percent year-over-year increase. The company said in its earnings release published Tuesday that its net bookings for the full fiscal year reached $17.5 billion. Its adjusted EBITDA was $2.42 billion, a 14.1 percent margin, while its net bookings reached $17.5 billion,...
Valiant Solutions, a provider of cybersecurity technologies and services, has acquired Abile Group to expand its cybersecurity and network engineering capabilities, supporting federal and national security customers. Sign up today for the Potomac Officers Club’s 2026 Cyber Summit on May 21 to join top government and industry leaders as th...
SAIC’s board of directors has appointed James “Jim” Reagan, the company’s interim CEO since October and a previous Wash100 awardee, as chief executive officer. The latest leadership appointment at SAIC comes as the company continues to navigate a fast-moving federal market and evolving mission priorities. Industry leaders wil...
Veritas Capital has closed its ninth flagship fund and related vehicles at $15.3 billion, expanding its capital base despite a challenging global fundraising environment. How Does Fund IX Compare to Prior Veritas Funds? The New York-based investment firm said Tuesday the Fund IX close represents a 40 percent increase over its predecessor fund, which...
Axiom Space has raised $350 million in new financing to advance development of its commercial space station and lunar spacesuits, the human space exploration company said Thursday. How Will Axiom Space Use the Funding? The investment will advance Axiom Station, intended to succeed the International Space Station, or ISS, and support production ...
