Matt McElroy has joined B&A as the information technology company’s chief financial officer. McElroy brings more than 10 years of strategic leadership experience to his new role spearheading B&A’s financial activities, the McLean, Virginia-based company announced Tuesday. Jonathan Evans, president and CEO of B&A, p...
The U.S. Army has awarded BAE Systems Land and Armaments $121.4 million to produce M2A4 and M7A4 Bradley vehicles. The Department of Defense on Thursday said the York, Pennsylvania-based company secured a contract modification to procure more armored vehicles made from inducted legacy source variants. The program’s place of performance will be det...
Jamie Landers, a former director at Lockheed Martin (NYSE: LMT), has been selected as the new president of Outpost. The veteran aerospace executive revealed her appointment at the space technology company in a LinkedIn post shared Thursday. Before joining Outpost, Landers was the CEO of J13 Consulting, a consulting firm that aids spac...
Executive Mosaic’s GovCon Index posted three losses out of four trading days during the week, resulting in a 4.08% week-on-week drop. It was the worst weekly loss since its launch in December 2023. The index tracking the stock performances of 30 major government contractors declined 1.71% Friday to close at $5,312.73. Wall Street suffered a...
Mike Stepniak, an experienced global finance leader, has been promoted to chief financial officer at Honeywell International (NASDAQ: HON). The company said Thursday Stepniak will take over the role currently held by Greg Lewis once the company’s fourth quarter and full-year financial results for fiscal year 2024 are out. Stepniak i...
Astrion, a portfolio company of private equity firm Brightstar Capital Partners, has finalized its purchase of Axient in a transaction that expands its capabilities aimed at helping defense and civilian agencies address critical challenges across systems engineering, digital, mission support and cybersecurity areas. In a statement published Thursday...
Jacobs (NYSE: J) has won a potential $973.7 million contract from NASA to provide research operations, maintenance and engineering support services for the agency’s Langley Research Center in Hampton, Virginia. NASA said Thursday the Center, Operations Maintenance and Engineering II program is a cost-plus-fixed-fee indefinite-delivery/indefini...
Peter Hochholdinger has been named executive vice president of manufacturing and safety at Boeing Defense, Space & Security, a business of Boeing (NYSE: BA), the manufacturing executive announced via LinkedIn post Thursday. Prior to joining Boeing, Hochholdinger held the manufacturing and supply chain VP position at Relativit...
Science Applications International Corp. (Nasdaq: SAIC) recorded $1.82 billion in revenues, 2 percent organic growth and $1.2 billion in net bookings with a book-to-bill ratio of 0.6 during the second quarter of its fiscal year 2025. In an earnings statement published Thursday, the Reston, Virginia-based government technology services contractor sai...
Empower AI has appointed to its board of directors Elaine Duke, former deputy secretary of the Department of Homeland Security and once acting DHS secretary. The company said Tuesday Duke was also named an inaugural member and chairperson of the external advisory board of Empower AI. Commenting on Duke’s appointment, Jeff Bohling, CEO of Empow...
