Saalex, a Camarillo, California-based federal services contractor, has acquired Spalding Consulting for approximately $75 million as part of efforts to expand its information technology, engineering and software development capabilities in the aerospace and defense market....
Steve Sousa, a senior vice president at CGI’s (NYSE: GIB) federal arm, said integrating artificial intelligence technologies provides federal health care agencies with opportunities to improve patient outcomes by harnessing the power of big data to enhance decision-making, streamlining administrative processes and revolutionizing diagnostics.Regis...
Lockheed Martin (NYSE: LMT) reported its fourth quarter and full year 2023 results. The full-year net sales were stronger than expected, rising two percent year-over-year to $67.6 billion, although it dipped half a percent lower in Q4 2023 to $18.9 billion versus Q4 2022. Also, the backlog reached a record $1.6 billion....
The Department of Defense's Office of Inspector General revealed in an audit that the Pentagon had an incomplete list of its financial management systems and inadequate plans for system compliance and recommended for DOD to identify the financial management systems it will have when it becomes compliant with the Federal Financial Management Imp...
CACI International (NYSE: CACI) has secured a pair of task orders worth $908 million combined from the U.S. Army for network modernization services and support of the service branch's operational intelligence platform. The company will provide network modernization and sustainment technology to help modernize enterprise information technology i...
Bill Protzman, previously executive vice president and head of the U.S. Army and Marine Corps sector at DCS, stepped up as the company's president and chief operating officer. He succeeded Larry Egbert and will be responsible for executing customer initiatives and meeting strategic growth targets....
Arcfield secured contracts worth more than $1 billion combined from U.S. government customers during the last two quarters of fiscal year 2023 to support classified systems engineering, technical and integration work....
The U.S. Navy has awarded 15 companies positions on a potential five-year, $245.9 million contract to conduct research, develop, test and evaluate undersea weapons and undersea defensive technologies. The Naval Undersea Warfare Center Division in Newport, Rhode Island, launched an online procurement process and received 15 offers for the multiple-aw...
RTX (NYSE: RTX) saw its fiscal 2023 fourth-quarter sales rise 10 percent to $19.9 billion and recorded a total backlog of $196 billion at the end of the quarter with the defense segment accounting for $78 billion of that backlog....
Razwan Raja, formerly founder and principal of XOR Security, has been appointed chief innovation officer at information technology services provider Agile Defense, an Enlightenment Capital portfolio company. He will drive the company's investment strategy and lead technical teams that develop digital transformation and cybersecurity products ta...
