CACI International (NYSE: CACI) posted a 4 percent year-over-year jump in revenues to $1.7 billion for the fourth quarter ended June 30 and an 8 percent increase to $6.7 billion for the full fiscal year 2023. The Reston, Virginia-based government technology services contractor attributed the higher sales to recently completed acquisitions and 6 perc...
Lockheed Martin (NYSE: LMT) has booked a three-year, $175.2 million contract modification to manufacture additional surface-to-surface precision-strike guided missile systems for initial U.S. Army deployment. The award funds work on the first and second early operational capability production batches of the Precision Strike Missiles, according to a ...
Government contracts awarded by Air Force Research Lab have since been an effective collaboration between the government and private sectors. The purpose of these research and development programs is to advance technical and scientific expertise and apply what is gained to achieve national and agency goals The Air Force Research Laboratory (A...
By Light has created a joint venture with the Civil-Military Innovation Institute to offer cybersecurity technology development support services and build the future cyber workforce in West Virginia. Cyber Innovation Institute will combine resources from By Light and CMI2 to bring innovative cybersecurity products and services to defense and commerc...
U.S. Navy Secretary Carlos Del Toro accepted his 2023 Wash100 Award during a recent meeting with Jim Garrettson, CEO of Executive Mosaic and founder of the elite recognition. Wash100 reached its 10th anniversary this year, a reflection of its enduring legacy as the government contracting industry’s highest honor. In each iteration o...
Arcfield has acquired Strategic Technology Consulting in a move that expands the systems engineering and integration company’s scope to model-based approaches. The acquisition adds digital twin and software products and modeling methodologies for digital engineering to Arcfield’s portfolio, the company said Tuesday. STC ventured into the...
Luke Savoie, formerly president of intelligence surveillance and reconnaissance at L3Harris Technologies (NYSE: LHX), has been chosen by the board of directors at Elbit Systems‘ (Nasdaq: ESLT) U.S. subsidiary to succeed retiring President and CEO Raanan Horowitz. Horowitz will step down from the dual role on March 31, 2024, after a 34-year car...
American Systems President and CEO Peter Smith is set to retire on Sept. 5 after a 43-year career with the company and will be succeeded by John Steckel, vice president of corporate development. Smith, a three-time Wash100 winner, will continue to be part of American Systems’ board of directors after he steps down from the...
Boeing (NYSE: BA) will implement hardware and software updates to a training system designed for U.S. Navy’s P-8 maritime patrol and reconnaissance aircraft pilots under a $145.7 million order from the Naval Air Warfare Center Training Systems Division. The cost-plus-fixed-fee, firm-fixed-price order is for engineering and manufacturing develo...
Lockheed Martin (NYSE: LMT) has wrapped up the critical design review of its satellites and related ground systems for the first tranche of the transport layer as part of the Space Development Agency’s Proliferated Warfighter Space Architecture. The CDR phase included a system optical communications terminal interoperability test and design valida...
