Parsons reported record revenue of $1.6 billion during the first quarter of fiscal year 2025, reflecting a 1 percent year-over-year growth, and ended the quarter with a record total backlog of $9.1 billion with a book-to-bill ratio of 1.1x on net bookings of $1.8 billion. Q1 2025 Financial Highlights In an earnings release published Wednesday,...
The State Department has cleared a foreign military sale request by Kuwait for the procurement of Patriot post-deployment build 8.1 and related equipment worth an estimated $425 million. The Defense Security Cooperation Agency said Wednesday RTX will serve as the principal contractor. The DSCA has also notified Congress of the proposed de...
Adam D’Angelo has assumed new responsibilities as vice president of Acuity’s Technology Solutions Group. Acuity said Tuesday that D’Angelo will oversee the TSG’s efforts to deliver IT services to public sector customers and expand the company’s technical capabilities. Who is Adam D’Angelo? Before Acuity, the experie...
Astrion announced on LinkedIn Tuesday that it has named Steve Hamric as its new chief financial officer. Who Is Steve Hamric? Hamric is a seasoned executive with over 30 years of industry experience, establishing a career focused on enhancing financial performance in aerospace, defense, manufacturing, IT and enterprise software. He held th...
The Department of State has approved the Polish government’s request to purchase AIM-120D Advanced Medium Range Air-to-Air Missiles for $1.33 billion. The Defense Security Cooperation Agency said Tuesday that RTX will serve as the principal contractor of the proposed foreign military sale. Details of Poland’s $1.33B FMS According t...
Integrated Data Services has received a potential $99 million follow-on contract from the U.S. Air Force for the procurement of program management resource tools. Contract Scope The Department of Defense said Tuesday the indefinite-delivery/indefinite-quantity contract covers the delivery of Air Force enterprise applications aimed at facilitati...
Managed IT services provider OSIbeyond has received Level 2 certification under the Cybersecurity Maturity Model Certification, or CMMS, program. In a statement published Wednesday, Payam Pourkhomami, president and CEO of OSIbeyond, expressed excitement with the achievement of the CMMC Level 2 certification, which he said demonstrates the company...
Adam Morton, a U.S. Army veteran and industry executive, has been selected as the chief growth officer of Interactive Process Technology. The zero trust digital transformation company said Tuesday it also intends to undergo reorganization and create two new business units to further optimize the technical expertise of both capability areas...
The U.S. Citizenship and Immigration Services plans to launch a competition for the second iteration of the Cyber Security Support Services – Operations, or C3S-OPS II, contract. According to a notice published Tuesday on the Acquisition Planning Forecast System, the Department of Homeland Security’s USCIS expects the contract requirement to...
Technology services company Navteca has appointed industry leader Hector Collazo as president. Collazo announced his move to Navteca in a LinkedIn post published Tuesday. As president, Collazo will provide strategic leadership, drive business growth and oversee Navteca’s operations in artificial intelligence, science data analysis, high-perfor...
