Parsons has acquired environmental contractor TRS Group. The $36 million all-cash acquisition is aimed at boosting Parsons’ federal solutions and critical infrastructure segments. TRS is known for its environmental remediation technology developed for cleaning hazardous and toxic substances from soil, groundwater and fire suppression systems, ...
Private equity firm Digital Capital Partners has acquired Govplace, a secure IT products and services provider supporting federal agencies. Terms of the acquisition include retaining Govplace’s leadership team to ensure operational continuity. The partnership deal, DigiCap’s first foray into the federal sector, aims to accelerate Govplac...
The State Department has cleared Egypt’s two foreign military sales requests worth approximately $929 million combined to provide AN/TPS-78 long-range radars, COMBATSS-21 combat management systems to support the fast missile craft modernization effort and related equipment and support services. The Defense Security Cooperation Agency sai...
J&J Worldwide Services, a CBRE government and defense business, has won a spot on a U.S. Army contract valued at approximately $259.9 million to support the renovation and modernization of critical medical facilities under the Medical Repair and Renewal, or MRR, program. In a statement published Wednesday, Patrick Roddy, CEO of J&J Worldwide...
Northrop Grumman reports having generated $10.68 billion in sales for the fourth quarter of 2024 and $41.03 billion in total sales for the whole year. The company said Thursday the figures reflected strong, continuing demand for its services and products. Sales Totals and Sales Drivers The sales total for the fourth quarter of 2024 is...
The GovCon Index snapped its six-day losing streak Thursday, then advanced +0.28% to $4,895.06 before the weekend. Unfortunately, the two consecutive daily gains did not offset the three losses to start the week, including the sharp -2.77% drop on Tuesday. The index, which tracks the stock performances of 30 major government contractors, lost -2.42%...
HII has promoted Derek Murphy to vice president of new construction aircraft carriers at its Newport News Shipbuilding division. Murphy, a two-decade company veteran, will now be in charge of the shipyard’s production of all new construction aircraft carriers, including the USS John F. Kennedy, USS Enterprise and USS Doris Miller, HII sa...
BAE Systems has landed a $1.2 billion contract modification from the U.S. Air Force for continued provision of engineering services. BAE Systems as ICBM Weapons Integrator The Department of Defense said Thursday the modification to the initial $1.94 billion contract, raises the total potential value to $3.13 billion. The award is intended to extend ...
Jonathan Peppard, an industry veteran with 27 years of experience in capture management, program management and business development, has been appointed vice president of strategic capture at Akima. The information technology company said Thursday Peppard will oversee its expansion by leading efforts to capture new opportunities within the federal ...
The Space Systems Command has issued a request for information to determine the capabilities of potential vendors to provide the logistics sustainment support services for instrumentation tracking systems supported by the Instrumentation Range Support Program, or IRSP. Instrumentation Range Support Program Contract According to the notice publi...
