SpaceX Founder and CEO Elon Musk said the company expects to spend approximately $2 billion on the Starship rocket program in 2023 and might not need to seek outside funding to support the initiative, The Wall Street Journal reported Saturday. “To the best of my knowledge, we do not need to raise incremental funding for...
U.S. space agencies are gearing up for a launch-filled summer as some of the country’s most highly-anticipated and promising programs make important progress. The rise in government launches in recent months mirrors the exponential growth of the commercial space industry and aligns with a speed-focused strategy set in motion by the Air Force’s a...
CACI International (NYSE: CACI) logged a 10.1 percent year-over-year increase in revenue for the third quarter of its 2023 fiscal year to $1.74 billion, activity the company attributed to organic growth. Profit for the three months ended March 31 rose to $100.7 million from $95.4 million in the prior-year period, while net income on a...
Knoxville, Tennessee-based Management Solutions will help the Department of Energy review and monitor clean energy demonstration projects under a potential five-year, $192 million contract. AECOM (NYSE: ACM) and Navarro Research and Engineering will serve as subcontractors in support of DOE’s office of clean energy demonstrations and third-par...
Higher sales from commercial airplanes and the defense, space and security business contributed to Boeing’s (NYSE: BA) $17.9 billion revenue for the first quarter of 2023. The company on Wednesday published its quarterly performance, which reflected a 28 percent increase in revenue compared to the same period last year. Boeing’s commerci...
Science Applications International Corp. (NYSE: SAIC) will help the Defense Counterintelligence and Security Agency update information technology systems under a potential five-year, $889 million contract. The General Services Administration’s Federal Systems Integration and Management Center issued the award for “One IT” development and i...
Gerry Dorros, a government services sector veteran with more than two decades of investment and operational experience, has been named managing director at private equity firm Sagewind Capital. He will lead the establishment of Sagewind’s Washington, D.C. office, the New York-based private equity firm said Tuesday. Dorros is a founding member ...
Sean Duguay, a nearly three-decade government market veteran, has been named president and chief revenue officer at Arlington, Virginia-based information technology company M9 Solutions. Duguay pointed to M9’s leadership, growth potential and culture as the main factors that drove him to accept the job, the company said Tuesday. He spent more ...
Evan Lovell, chief investment officer of the Virgin Group, has been appointed chair of the board of directors at commercial spaceflight and vehicle development company Virgin Galactic (NYSE: SPCE). Lovell has served as the company’s interim chair since February 2022 and has two decades of global private equity and mergers and acquisitions expe...
A report from the Stockholm International Peace Research Institute shows that amid high inflation, U.S. defense spending hit $877 billion in 2022, accounting for 39 percent of total military expenditure worldwide and reflecting a 0.7 percent real terms increase in spending. SIPRI said Monday the U.S. earmarked $295 billion to military operations and...
