Executive Mosaic’s GovCon Index recorded its first weekly loss in eight weeks after sliding 0.19% to $4,880.45. Decliners also outnumbered gainers on Friday. The index, which tracks the stock performances of 30 major government contractors, lost 1.17% overall week-on-week. Wall Street was swamped with economic reports, mostly inflation-related re...
Steven Williams, formerly vice president of business development at L3Harris Technologies (NYSE: LHX), has been named VP of growth at Anduril Industries, according to his LinkedIn post. The three-decade industry veteran will support the development of the growth teams at the Irvine, California-headquartered defense technology contractor. Prior to jo...
The U.S. Space Force’s Space Systems Command has released a solicitation to seek additional launch providers as part of the second on-ramping process to the fourth iteration of the Orbital Services Program. OSP-4 is a potential $986 million indefinite-delivery/indefinite-quantity contract with an ordering period that will run through October 2...
Combined Joint All-Domain Command and Control, or CJADC2, is the U.S. Department of Defense’s ambitious plan to increase connectivity across all battle scenarios, remote outposts and amongst all DOD components and international allies. Over the last five years, the DOD has worked — and struggled — to achieve its goals for the initiative, and o...
Telos (Nasdaq: TLS) recorded $41.1 million in revenue during the fourth quarter of 2023 and logged full-year revenue of $145.4 million. The Ashburn, Virginia-based information technology and cybersecurity company said Friday Q4 cash flow from operations was $5 million and its free cash flow in the previous quarter hit $1.8 million. “I am pleas...
The Defense Logistics Agency has awarded seven small businesses positions on a potential $7 billion contract to provide fire and emergency equipment and related logistics support for U.S. military services. The Department of Defense said Thursday DLA launched a competitive acquisition process and received 14 offers for the indefinite-delivery/indefi...
Tysons, Virginia-based management consulting firm LMI has appointed technology industry leaders Kristen Cheman and Keith Rodgers as senior vice president of the intelligence market and SVP of digital and analytic solutions, respectively. Cheman will leverage new technologies in digital and analytics to drive innovative programs and address the chall...
An investment affiliate of private equity firm J.F. Lehman and Co. has closed its acquisition of Cypress, California-based Mission Microwave Technologies for an undisclosed sum to support the latter’s product development efforts and growth initiatives in government and commercial markets. Established in 2014, Mission provides solid-state power...
Beyond New Horizons has secured a potential 12-year, $3.8 billion contract from the U.S. Air Force to provide test operations and sustainment support services for the Arnold Engineering Development Complex in Tennessee. The contractor will help AEDC personnel carry out test operations, technology development, equipment and facility sustainment and c...
Comtech‘s (Nasdaq: CMTL) board of directors has named John Ratigan, chief corporate development officer, as interim CEO and elected Mark Quinlan as chair of the board following the termination of Ken Peterman for conduct unrelated to the business. “We are fortunate to have a leader of John’s caliber leading Comtech’s talented organiz...
