Raytheon Technologies (NYSE: RTX) reported $17.2 billion in sales during the first quarter of 2023, up 10 percent from the prior-year period, and saw earnings for the period rise 6 percent to $1.22 per share. The Arlington, Virginia-based aerospace and defense contractor said Wednesday it ended the quarter with a record backlog of $180 billion...
Gerry Dorros, a government services sector veteran with more than two decades of investment and operational experience, has been named managing director at private equity firm Sagewind Capital. He will lead the establishment of Sagewind’s Washington, D.C. office, the New York-based private equity firm said Tuesday. Dorros is a founding member ...
Sean Duguay, a nearly three-decade government market veteran, has been named president and chief revenue officer at Arlington, Virginia-based information technology company M9 Solutions. Duguay pointed to M9’s leadership, growth potential and culture as the main factors that drove him to accept the job, the company said Tuesday. He spent more ...
Evan Lovell, chief investment officer of the Virgin Group, has been appointed chair of the board of directors at commercial spaceflight and vehicle development company Virgin Galactic (NYSE: SPCE). Lovell has served as the company’s interim chair since February 2022 and has two decades of global private equity and mergers and acquisitions expe...
The Air Force Research Laboratory’s information directorate has issued a broad agency announcement valued at approximately $500 million to identify potential partners that could research, develop, test and evaluate quantum information technology to support command, control, communications, computers and intelligence missions. A notice posted T...
Aeyon has received a two-year task order from the Department of the Navy to support data cleansing initiatives and to prepare to migrate the service branch’s legacy financial management applications to a new enterprise resource planning system. The order in support of the Naval Office of Financial Operations was issued under a potential $1 bil...
Derrick Pledger, a senior vice president and chief information officer at Leidos (NYSE: LDOS), said government agencies seeking to drive digital modernization efforts to improve operations and address mission challenges should look for a vendor that is focused on building deep technical partnerships to develop new platforms and capabilities for agen...
The Department of the Interior has released a solicitation for a potential 10-year, $1 billion follow-on contract for cloud license and support services. DOI plans to select three to five prime contractors for Foundation Cloud Hosting Services II, a multiple-award, indefinite-delivery/indefinite-quantity contract with a two-year base term and four t...
Five companies have won spots on a potential 10-year, $16 billion contract to support loan servicing requirements under the Department of Education’s federal student aid program, according to award notices posted Tuesday on SAM.gov. Maximus (NYSE: MMS), Central Research Inc, EdFinancial Services, Missouri Higher Education Loan Authority and Ne...
Leidos (NYSE: LDOS) has secured an approximately $50 million contract to help the U.S. Navy’s Naval Submarine Medical Research Laboratory to study the health and performance of undersea warfighters. The contract was competitively procured and not fixed price due to the nature of the work, according to an award notice posted Wednesday on SAM.go...
