GovConWire's Government Contracting News 8/3/2022

Contract Awards

Lumen Wins $1.5B DISA Contract to Support Indo-Pacific Defense Telecom Infrastructure

Lumen Technologies’ (NYSE: LUMN) government arm has won a potential 10-year, $1.5 billion contract from the Defense Information Systems Agency to provide end-to-end transmission capabilities and related services for the Defense Information System Network Indo-Pacific. DISN Indo-Pacific serves as the Defense of Defense’s consolidated telecommunications infrastructure supporting U.S. Indo-Pacific Command’s area of responsibility including Alaska,

Financial Reports

Booz Allen’s Fiscal 2023 Q1 Revenue Up 13%; Horacio Rozanski Says Company on Track to Meet Full-Year Expectations

Booz Allen Hamilton (NYSE: BAH) recorded a 13.1 percent jump in sales for the first quarter of its 2023 fiscal year to $2.25 billion and attributed the revenue increase primarily to a 28 percent growth in its civil business. The McLean, Virginia-based technology and management consulting services contractor said Friday net income attributable to common

Artificial Intelligence

Air Force, Space Force Officials Say Integration Remains Number One Challenge For Joint Force

In recent years, the Department of the Air Force has made significant strides in its modernization journey, but the service is still dealing with lingering issues, alongside emerging ones, as it continues to stretch its area of responsibility over two of the world’s largest, most quickly evolving domains. The DAF’s number one challenge today is

News

Lockheed Reports $400M Venture Capital Fund; Chris Moran Quoted

Lockheed Martin (NYSE: LMT) has increased the size of its $200 million venture capital fund to $400 million as the company looks to expand startup investments aimed at helping accelerate defense innovation. Chris Moran, vice president and general manager of Lockheed Martin Ventures, said in a statement released Tuesday the fund vetted over 1,000 startups

Contract Awards

Rolls-Royce Receives $854M Navy Contract for Tactical Aircraft Engine Repair Services

Rolls-Royce‘s North American subsidiary has received an $854.4 million indefinite-delivery/indefinite-quantity contract from Naval Air Systems Command to fix engines of tactical aircraft flown by the U.S. Marine Corps and Kuwait’s military. Under the five-year contract, Rolls-Royce will perform depot-level services to repair and maintain AE2100 D3 engines that power C-130 and KC-130 multimission planes, the

Executive Moves

Jeremy Ross Named SilverEdge Chief Growth Officer

Jeremy Ross, a more than two-decade GovCon industry veteran, has joined SilverEdge Government Solutions as chief growth officer. He will oversee SilverEdge’s business development efforts, go-to-market strategy and organic growth initiatives within the defense and intelligence communities, the company said Tuesday. SilverEdge CEO Robert Miller said Ross will help the company expand its technology-enabled platforms,

Contract Awards

State Department OKs $3B Updated Patriot Missile Sale to Saudi Arabia

The State Department has approved Saudi Arabia’s request to purchase Patriot missile interceptors and related equipment from the U.S. government under a potential $3.05 billion foreign military sales contract. Raytheon Technologies (NYSE: RTX) will serve as the prime contractor to deliver 300 Patriot MIM-104E Guidance Enhanced Missile-Tactical Ballistic Missile units to the Saudi Arabian government,

News

Q&A With Yorktown Systems Group COO Aidis Zunde on Tech Development, Other Company Focus Areas

Aidis Zunde, chief operating officer of Yorktown Systems Group, was featured in a recent Executive Spotlight interview published Tuesday. He talked about his transition from a military career to one in the defense industry as well as the company’s recent growth initiatives and core values important to its culture. Here’s an excerpt from the interview

Contract Awards

Crowley Books $466M TRANSCOM Award for Continued Defense Freight Transportation Services

Crowley‘s government-focused arm has secured a one-year, $466 million contract modification from the U.S. Transportation Command to continue providing defense freight transportation services across the continental U.S. and Canada. The action raises the total cumulative face value of the indefinite-delivery/indefinite-quantity, fixed-price contract with Crowley Government Services to $1.7 billion, the Department of Defense said Monday.

Executive Moves

Scott Greene to Retire as Head of Lockheed Missiles & Fire Control Business

Scott Greene, executive vice president of the missiles and fire control business segment at Lockheed Martin (NYSE: LMT), plans to retire from the company by Dec. 31 after a more than 41-year career. Greene will continue to run the MFC business until a successor is found and then serve as a strategic adviser to help

GovConWire's Government Contracting News 8/3/2022

Lumen Wins $1.5B DISA Contract to Support Indo-Pacific Defense Telecom Infrastructure

Booz Allen’s Fiscal 2023 Q1 Revenue Up 13%; Horacio Rozanski Says Company on Track to Meet Full-Year Expectations

Air Force, Space Force Officials Say Integration Remains Number One Challenge For Joint Force

Lockheed Reports $400M Venture Capital Fund; Chris Moran Quoted

Rolls-Royce Receives $854M Navy Contract for Tactical Aircraft Engine Repair Services

Jeremy Ross Named SilverEdge Chief Growth Officer

State Department OKs $3B Updated Patriot Missile Sale to Saudi Arabia

Q&A With Yorktown Systems Group COO Aidis Zunde on Tech Development, Other Company Focus Areas

Crowley Books $466M TRANSCOM Award for Continued Defense Freight Transportation Services

Scott Greene to Retire as Head of Lockheed Missiles & Fire Control Business

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