The U.S. Navy has awarded eight companies positions on a potential 10-year, $4.1 billion follow-on contract to provide production units, software, laboratory equipment, spares and system components for surface, shore and submarine platforms in support of the service branch’s Consolidated Afloat Networks and Enterprise Services program. CANES is th...
Leidos (NYSE: LDOS) has won a $334 million indefinite-delivery/indefinite-quantity contract to support the development of a larger class air-breathing hypersonic system that will employ a standardized payload interface to carry out multiple missions. A Leidos-led team will aim to design a vehicle powered by a scramjet engine and capable of traveling...
The U.S. Air Force has awarded 92 companies positions on a potential 10-year, $900 million contract to come up with innovative approaches to advance the development of multidomain systems. The Air Force Life Cycle Management at Wright Patterson Air Force Base in Ohio is the contracting activity and received 94 proposals for the indefinite-delivery/i...
Tom Gentile, president and CEO of Spirit AeroSystems, and Ted Colbert, president and CEO of Boeing’s (NYSE: BA) defense, space and security business, have been elected to serve as chairman and vice chairman, respectively, of the Aerospace Industries Association’s board of governors for 2023. Eric Fanning, a previous Wash100 awardee, will continu...
The financial ecosystem of the government contracting landscape is constantly evolving and changing to address emerging mission needs, support new requirements and propel the nation forward in today’s era of global competition. Having been in GovCon finance for over two decades, Chris Cage is both uniquely familiar with and well-positio...
Leidos (NYSE: LDOS) and Riverside Research have won contracts worth $79.2 million combined to provide research and development support for the U.S. Air Force. The contractors will research, build and demonstrate component prototypes to further develop open architecture approaches and standards for existing and future weapons systems of the Air Force...
Tim Reardon, a 25-year GovCon industry leader and a four-time Wash100 awardee, has been appointed CEO and chairman of the board of Sayres Defense, a portfolio company of Charlotte, North Carolina-based private equity firm Broadtree Partners. He succeeds Joel Willett as chief executive of Sayres and will oversee sourcing, investment strategy and acqu...
Leidos (NYSE: LDOS) posted $164 million in net income and diluted earnings per share of $1.17 in the third quarter of fiscal year 2022 and saw its revenue rise 4 percent to $3.6 billion for that period. The company attributed the sales growth to increased deployments on the Defense Healthcare Management System Modernization program, ramp-up...
Leidos (NYSE: LDOS) has completed its purchase of the special mission business of Cobham’s aviation services unit and expects the acquisition to expand the portfolio at Leidos’ Australian arm with the addition of search-and-rescue and airborne border surveillance services. The transaction was first announced in August and the acquired busine...
Seven companies have secured positions on a five-year, $108 million blanket purchase agreement to provide consulting, analysis and assistance services to the Department of Energy on environmental matters. The BPA covering department-wide National Environmental Policy Act support services was issued through the General Services Administration’s...
