General Dynamics reported double-digit revenue and profit growth in the fourth quarter of 2024 compared to Q4 2023 and ended the year with a $90.6 billion in backlog plus an estimated additional value in unfunded indefinite delivery, indefinite quantity contracts and unexercised options, of $53.4 billion. The company said Wednesday in the three mont...
Hewlett Packard Enterprise and Juniper Networks maintained that the proposed $14 billion acquisition between the two companies is “pro-competitive” in response to the Department of Justice’s decision to file suit to block the all-cash deal. “We will vigorously defend against the [DOJ’s] overreaching interpretation of an...
Serco Group‘s U.S. subsidiary will acquire MT&S, Northrop Grumman‘s mission training and satellite ground network communications software business, for $327 million in cash. MT&S has almost a thousand workforce and supports U.S. military programs through advanced mission training services and software engineering, Serco said Thur...
Molly Just-Behr, a former Department of Defense official, has joined the data and artificial intelligence company Databricks as global head of public sector. She confirmed her new role in a LinkedIn post Wednesday. “The opportunity to help governments harness the power of data, artificial intelligence, and analytics to solve some of the...
Defense manufacturer Castelion has raised $100 million in equity and debt financing. The El Segundo, California-based company said Wednesday it will use the capital to increase prototype testing, scale manufacturing facilities and conduct a capability demonstration of its first hypersonic strike weapon. Financing Round Castelion secured $70 million ...
Julia Laurenzano MacDonough, a seasoned military and civil space professional, has been appointed vice president and general manager for Air Force and missile defense strategic systems at Draper. The Cambridge, Massachusetts-based company said Wednesday MacDonough will manage Draper’s research, development and production programs for the...
Federal technology services contractor Harmonia Holdings Group has acquired Maveris for an undisclosed sum to strengthen its cybersecurity capabilities and expand relationships with other government customers, including the Department of Veterans Affairs. Harmonia said Wednesday it will operate Maveris as a wholly owned subsidiary. Brian Heder and C...
RTX reported $21.6 billion in fiscal 2024 fourth-quarter sales, up 9 percent from the prior-year period, and recorded $218 billion in total backlog with the defense segment accounting for $93 billion of that backlog. For the full year 2024, the Arlington, Virginia-based aerospace and defense contractor said Tuesday it saw its adjusted sales ri...
HII has received a five-year, $296 million task order from the U.S. Air Force Installation Contracting Center’s 764 Enterprise Sourcing Squadron to provide air and space operation support services to the U.S. Air Forces in Europe-Air Forces in Africa, or USAFE-AFAFRICA. Technical and Analytical Support for USAFE-AFAFRICA The McLean, Virginia-...
The Federal Aviation Administration has awarded Science Applications International Corp. a potential five-year, $122.9 million contract to provide IT support services for the FAA Enterprise Services Center, or ESC, at the Mike Monroney Aeronautical Center in Oklahoma City. According to an award notice published Tuesday, the indefinite-delivery/indef...
