Parsons reported $1.62 billion in third quarter fiscal 2025 revenue, down 10 percent year-over-year and 14 percent on an organic basis. Excluding its confidential contract, the defense and infrastructure engineering company achieved double-digit revenue growth of 14 percent and an organic revenue increase of 9 percent, driven by growth in its c...
Google has secured clearance from the Department of Justice to pursue its acquisition of cloud security company Wiz for approximately $32 billion, The Wall Street Journal reported Wednesday. DOJ recently indicated in a public document that it will end its investigation early, meaning it does not plan to challenge the merger. Wiz CEO on Clearing...
The U.S. Navy has released a solicitation for a potential $349.4 million indefinite-delivery/indefinite-quantity contract to provide engineering and technical support for its unmanned maritime systems fleet. What Work Will the Contract Require? According to the request for proposals posted by the Naval Information Warfare Center Pacific on SAM.gov, ...
Bugcrowd has acquired Mayhem Security, a provider of artificial intelligence-enabled offensive security tools and services. Following the transaction’s completion, Bugcrowd said it will integrate Mayhem’s automation capabilities with its global hacker community to create an AI-powered, human-in-the-loop security testing platform. Financi...
Firefly Aerospace has finalized its $855 million acquisition of national security technology company SciTec, combining cash and stock as payment to SciTec’s owners. The deal, first announced in October, is part of Firefly’s efforts to expand its space and defense capabilities, including launch, ground and in-orbit mission services, for n...
Baird will host its annual Defense & Government Conference on Tuesday, Nov. 18, from 7 a.m. to 7 p.m. at the Ritz-Carlton, Tysons Corner in Virginia, uniting senior executives, investors and government leaders for a day of dynamic discussion, company presentations and market insight. The 2025 event, themed “Innovation, Mission, and Capital...
Leidos reported record third-quarter revenue of $4.47 billion for fiscal year 2025, up 7 percent from the prior-year period, and attributed the growth to increased customer demand for innovative products in support of defense and national security missions. In an earnings release published Tuesday, the Reston, Virginia-based defense and IT services ...
Matthew Orsino has been named chief growth officer at Precise Systems. The Lexington Park, Maryland-based company said Monday Orsino will oversee business development, customer engagement and strategic initiatives across its defense and technology portfolios. “Matt’s proven leadership and deep understanding of the Department of Defe...
Adil Karim, an aerospace and defense executive, has been appointed chief technology officer at Antenna Research Associates, according to a press release the company sent to GovCon Wire. In his new role, Karim will leverage his experience in technical leadership and business development for complex defense systems. What Experience Does Adil...
SpaceX is reportedly poised to receive a potential $2 billion contract from the Department of Defense for a satellite constellation effort tied to the Trump administration’s Golden Dome next-generation missile defense shield project, The Wall Street Journal reported Friday. Join us at the Potomac Officers Club’s 2026 Defense R&D Summ...
