Iridium Communications (Nasdaq: IRDM) posted $193.8 million in revenue for the fourth quarter of 2022, up 24 percent from the prior-year period and reported a 17 percent growth in full-year sales to $721 million. The global satellite communications company said Thursday total billable subscribers grew 16 percent year-on-year to 1,999,000, driven by ...
The State Department has approved the Netherlands’ request to purchase Lockheed Martin-built (NYSE: LMT) multiple launch rocket systems and associated equipment from the U.S. government under a $670 million foreign military sale proposal. The possible deal includes 20 M142 High Mobility Artillery Rocket System, missile and rocket pods, battle ...
A Raytheon Technologies (NYSE: RTX) business unit will provide Joint Standoff Weapon Program support services to the U.S. Navy and foreign military sales customers under a five-year, $34.1 million contract. Raytheon Missiles & Defense will help clients engineer, analyze, integrate and test JSOW weapon systems as part of the indefinite-delivery/i...
Six large companies and three small businesses have won positions on a $59 million firm-fixed-price contract to perform architectural and engineering work for the U.S. Army Corps of Engineers. USACE’s Engineering and Support Center received 20 bids for the five-year contract via an online solicitation process, the Defense Department said Thurs...
Jeff Bohling, a government information technology services executive, has been elected by the board of directors of Empower AI to serve as CEO of the Reston, Virginia-based government IT and professional services provider. He brings to the position over 20 years of experience leading businesses that deliver mission-critical tech platforms and servic...
Private equity investment firm Advent International and Maxar Technologies (NYSE: MAXR) are expected to continue their planned merger after the Westminster, Colorado-based geospatial intelligence services provider did not receive a competing alternative offer during the go-shop period that expired Tuesday. In December, Advent agreed to acquire Maxar...
Valiant Integrated Services has formed a four-member advisory board to provide guidance and insight to the company’s management team on market trends, customer needs and business opportunities in the military training market. The Training Advisory Board is composed of retired U.S. Army officers who will help align Valiant’s training and ...
LinQuest has acquired Capability Analysis and Measurement Organization in a move to provide research, development, test and evaluation support to U.S. Special Operations Command and other defense agencies. CAMO has more than a decade of experience supporting USSOCOM and its component commands with testing and integration of warfighting systems, LinQ...
Parsons (NYSE: PSN) saw its fourth-quarter revenue for fiscal year 2022 rise 16 percent to $1.1 billion and reported full-year sales of $4.2 billion, reflecting a total growth of 15 percent and organic growth of 9 percent. The Centreville, Virginia-based contractor said Wednesday Q4 2022 net bookings reached $1.1 billion with a book-to-bill ratio of...
General Dynamics‘ (NYSE: GD) ordnance and tactical systems business and American Ordnance, a unit of Day & Zimmermann, will compete for task orders under a $993.8 million contract to produce 155-millimeter rounds of ammunition for the U.S. Army. The Army Contracting Command received two offers for the $993.8 million firm-fixed-price contra...
