V2X posted record fourth-quarter revenue of $1.16 billion, reflecting an 11 percent year-over-year growth, and full-year 2024 revenue of $4.32 billion, up 9 percent from the previous year. Q4 & Full-Year 2024 Financial Results In an earnings release published Tuesday, the McLean, Virginia-based defense services contractor said its book-to-bill i...
National security platforms provider VTG has acquired Loki Solutions for an undisclosed sum as part of efforts to expand its portfolio of platforms and services for the U.S. Intelligence Community and government agency customers. Chantilly, Virginia-based VTG said Tuesday the transaction marks its third acquisition since securing a majority investme...
In terms of communications, Department of Defense leaders recognize that U.S. military operations are going to require a varied patchwork of systems and approaches. Both private and public networks have their places in certain environments and for specific purposes; sometimes, one Pentagon leader suggested at a conference in mid-2024, using exi...
Executive Mosaic’s GovCon Index fell -1.89% on Friday to settle at $4,495.05, a new low. The index, which tracks the stock performances of 30 major government contractors, lost -1.77% for the week and posted its fifth consecutive weekly loss. The decline in the Index of Consumer Sentiment due to higher inflation expectations was the headwind...
Sikorsky Aircraft, a Lockheed Martin business unit, has secured a $232.4 million firm-fixed-price contract modification from the U.S. Navy for the procurement of long-lead time materials. Sikorsky Contract Specifications The Department of Defense said Thursday the company will provide additional long-lead time materials to support full rat...
Matt Matthews has assumed the role of chief delivery officer at Client Solution Architects. The Virginia-based IT solutions provider said Wednesday that Matthews will be responsible for delivery operations and ensuring that CSA is well-positioned to address national security challenges. “Matt’s proven experience, forward-thinking v...
The Defense Health Agency’s Contracting Division-Professional Services has requested proposals for a potential $1.6 billion firm-fixed-price, cost-reimbursable contract to provide medical and dental readiness services. Remote Health Readiness Program-4 Contract According to the notice posted on SAM.gov Thursday, the selected vendor will p...
Jeff Shockey has been selected as the new executive vice president of government operations, global public policy and corporate strategy at Boeing. The global aerospace company said Thursday Shockey will officially assume the role on Feb. 24 and will serve on the company’s executive council. He will spearhead Boeing’s global pu...
IBM has appointed Alice Fakir, a cybersecurity industry leader, as senior partner and vice president of federal cybersecurity services. Fakir announced her new position at the technology company in a LinkedIn post published Thursday. “This new role reflects IBM’s commitment to our nation’s cybersecurity mission and the bleeding edg...
KBR has won a U.S. Air Force contract worth approximately $176 million to provide equipment maintenance and operations support for space domain awareness technologies at the Air Force Maui Optical and Supercomputing Site, or AMOS, in Hawaii. The Department of Defense said Thursday the Air Force Research Laboratory, or AFRL, launched a competitive ac...
