GovConWire's Government Contracting News 11/3/2022

News

5 Key GovCon Leaders & Wash100 Award Winners Impart Invaluable Industry Advice

The current government contracting landscape is one marked by a variety of factors like heightened competition, talent shortages, immense opportunity and significant growth. To understand how executives can succeed most effectively, Executive Mosaic asked five key industry figures what advice they would impart to individuals pursuing growth in today’s competitive GovCon market. In Executive Mosaic’s latest

Industry News

LMI CEO Doug Wagoner Receives 2022 Technology Good Scout Recognition

LMI President and CEO Doug Wagoner was recognized with the 2022 Technology Good Scout Award during an annual luncheon event hosted by the National Capital Area Council of the Boy Scouts of America at the Tysons Corner Marriott hotel on Wednesday. Doug Wagoner (center) with his daughter, Lydia Wagoner (left) and wife, Raelene Wagoner (right)

Financial Reports

Parsons Reports 19% Growth in Q3 Revenue; Carey Smith Offers Update on M&A Pipeline

Parsons (NYSE: PSN) saw its third quarter revenue for fiscal year 2022 jump 19 percent to $1.13 billion and attributed the sales growth to ramp-up of contract work and increased hiring activity. The Centreville, Virginia-based contractor said Wednesday it posted $1.3 billion in Q3 2022 net bookings with a book-to-bill ratio of 1.1x and ended

Events

DIU Adopts ‘Fast Follower’ Approach to Harness Technological Strength of Private Sector; Cherissa Tamayori Quoted

It is fairly common knowledge that the defense industry has historically lagged behind the technological progress of the private sector. This is largely due to the intentional stance of allowing citizens to be the first adopters of new technologies while those in the defense sphere take a “wait and see” approach. This strategy ensures that

Contract Awards

Proposed $6.4B Sale of Lockheed-Built Airlifters to Australia Gets State Department OK

The State Department has cleared Australia’s request to procure from the U.S. government two dozen military transport aircraft built by Lockheed Martin (NYSE: LMT) and related equipment under a potential $6.35 billion foreign military sales deal. The Australian government asked to buy 24 C-130J-30, the stretch variant of Lockheed’s Hercules airlifter platform, with each vehicle

Contract Awards

DIU Selects Amazon, Microsoft, SpiderOak for Hybrid Space Architecture Project’s 2nd Phase

Amazon’s (Nasdaq: AMZN) cloud computing business and Project Kuiper, Microsoft (Nasdaq: MSFT) and SpiderOak Mission Systems have received contracts for the second phase of a Defense Innovation Unit project that seeks to demonstrate a hybrid architecture that would connect ground communications systems to satellite networks. The Hybrid Space Architecture project “will pursue the goals of

M&A Activity

Cadmus to Expand Federal Footprint With Wheelhouse Group Acquisition; Ian Kline Quoted

Cadmus has acquired Wheelhouse Group for an undisclosed sum as part of efforts to expand its presence in the federal market and broaden its offerings across the areas of organizational change management, workforce transformation, stakeholder engagement and communications and enterprise optimization. Beth McDonald, co-founder and president of Wheelhouse, will become a senior vice president and

C4ISR

State Department Clears Finland’s Proposed $535M Purchase of Surface-to-Surface Rockets

The State Department approved a potential $535 million foreign military sales request from Finland for guided multiple launch rocket systems and supporting equipment. Lockheed Martin‘s (NYSE: LMT) missiles and fire control business will serve as the prime contractor for the proposed sale, the Defense Security Cooperation Agency said Wednesday. The request includes 150 units of

C4ISR

Boeing, Lockheed Among Downselected Companies for UK’s $1B Medium Helicopter Competition

Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT), Airbus and Leonardo will advance to the next phase of an estimated $1.15 billion acquisition program to replace the U.K. air force’s Puma HC.2 medium support helicopter platform, Breaking Defense reported Wednesday. A British defense ministry spokesperson said the agency intends to ask all four companies to submit

Executive Moves

Dan Fermon Takes on Permanent COO Role at Firefly

Dan Fermon, interim chief operating officer at Firefly Aerospace since May, has been appointed to the COO position on a full-time basis. He will continue to oversee a range of business operations at the Texas-based space transportation company including the production of the Alpha rocket for future launch missions and the establishment of the Propulsion