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Leidos (NYSE: LDOS) saw its revenue climb 7 percent year-over-year to $3.8 billion during the second quarter of fiscal year 2023 and reported $210 million in net income and diluted earnings per share of $1.50. The defense and information technology services contractor said Tuesday the revenue growth was driven by increased demand for hypersoni...
The State Department has approved Finland’s request to purchase Multiple Launch Rocket Systems with an updated configuration and related equipment from the U.S. government under a potential $395 million foreign military sale deal. Finland has requested services to modernize its M270A1 MLRS fleet into the M270A2 model to enhance interoper...
ECS has secured a potential five-year, $154 million contract to help a U.S. Navy shore command modernize network transport infrastructure for the branch’s emergency response operations. The award encompasses information technology governance and network services to the N61 branch under Commander, Navy Installations Command for continued public...
T-Rex Solutions has acquired Cyber Cloud Technologies for an undisclosed sum to broaden its presence within the Intelligence Community and expand its information technology service offerings for customers in the national security market. Cyber Cloud Technologies has been providing cybersecurity, cloud and other enterprise IT services for federal gov...
ICF (Nasdaq: ICFI) will continue to help the Department of Justice Office for Victims of Crime run collective training and technical assistance efforts under a potential five-year, $14 million contract. The award, won through a recompete, marks ICF’s third contract with the office since September last year, the company said Tuesday. ICF provid...
The General Services Administration has asked vendors to share their pricing and invoicing practices for software offered in term licenses as the agency looks to align commercial cloud buying practices with the Multiple Award Schedule’s information technology category. GSA’s IT category office is conducting market research on discounts t...
Leidos (NYSE: LDOS) and Microsoft (Nasdaq: MSFT) will accelerate the development and delivery of artificial intelligence and cloud computing platforms to support public sector customers’ missions under a strategic collaboration agreement. The two companies will co-develop generative AI tools to help customers support cross-domain applications ...
Dennis Carr, former executive vice president and chief operating officer of Savannah River Nuclear Solutions, has assumed the president and CEO roles at the Fluor-led (NYSE: FLR) management and operating contractor for the Department of Energy’s Savannah River Site in South Carolina, Defense Daily reported Tuesday. He succeeds Stuart MacVean, ...
Lockheed Martin (NYSE: LMT) has secured a pair of contract modifications worth $1.06 billion combined from the U.S. Army to produce air-to-ground and guided air-and-missile defense systems. The Bethesda, Maryland-headquartered defense contractor will manufacture and deliver Patriot Advanced Capability-3 missiles under a $556.1 million contract modif...
The board of directors of Iridium Communications (Nasdaq: IRDM) has approved a plan to buy back another $400 million in shares through Dec. 31, 2025. Iridium said Thursday the plan marks its third and largest stock buyback authorization and increases the satellite communications company’s total repurchase program to $1 billion, the company sai...
