V2X (NYSE: VVX) reported $943.5 million in revenue during the first quarter of 2023, reflecting a year-over-year increase of 12 percent on a pro forma basis. The company said Tuesday it ended the quarter with a total backlog of $11.8 billion, of which $2.6 billion was funded. “Revenue growth in the quarter was generated by...
Northrop Grumman (NYSE: NOC) and Raytheon Technologies (NYSE: RTX) have secured other transaction prototype agreement modifications to extend the companies’ technology development services under the Missile Defense Agency’s Glide Phase Interceptor program. The additional funds would allow the contractors to fine-tune GPI concepts, as par...
Jacobs (NYSE: J) will spin off its critical mission solutions business into an independent company focused on providing applied science research, technical consulting, program management, training and intelligent asset management support services for federal government customers. Steve Arnette, executive vice president and president of CMS business ...
The U.K. government has approved the planned merger between Viasat (Nasdaq: VSAT) and British satellite services provider Inmarsat following the completion of an in-depth review. In November 2021, Viasat agreed to acquire Inmarsat in a cash-and-stock transaction valued at approximately $3.9 billion as part of efforts to provide a global hybrid netwo...
Bluestone Investment Partners has made an investment in Precise Systems, a Maryland-headquartered provider of software development and other professional support services to the Department of Defense. The companies said Tuesday in a joint statement that Scott Pfister, former president and chief operating officer of Precise Systems, has been appointe...
ICF (Nasdaq: ICFI) posted a 16.3 percent growth in government segment revenue for the first quarter of 2023 to $363.3 million, with federal customers accounting for 55.4 percent of total sales. The consulting and technology services company said Tuesday federal business revenue edged up 22.2 percent to $267.7 million for the period, while state and...
The U.S. Army Corps Engineering and Support Center issued a draft solicitation for operations and maintenance support to Defense Health Agency-run medical facilities as part of a contracting program worth potentially $2.35 billion. The Operations and Maintenance Engineering Enhancement VII program will use a full and open competition with a portion ...
Greg Goldwater, vice president of strategic growth at BigBear.ai (NYSE: BBAI) for the past two years, has been elevated to the chief growth officer post. Greg Goldwater Goldwater will be responsible for BigBear’s growth and partnership initiatives in his new role, the artificial intelligence company said Tuesday. His 19-year industry experienc...
The State Department has approved a potential $250 million foreign military sale of Joint Light Tactical Vehicles, manufactured by Oshkosh‘s (NYSE: OSK) defense subsidiary, to the government of Slovakia. The FMS request comprises 192 JLTV heavy gun carriers and related equipment such as common remote weapons stations, quick change barrels, gre...
Charles Anderson, a retired U.S. Army major general with more than four decades of combined military and industry experience, has been appointed vice president and general manager of VSE’s (Nasdaq: VSEC) government-focused subsidiary. VSE announced Anderson’s appointment one week after the aftermarket services provider moved to sell its ...
