Lockheed Martin (NYSE: LMT) reported its fourth quarter and full year 2023 results. The full-year net sales were stronger than expected, rising two percent year-over-year to $67.6 billion, although it dipped half a percent lower in Q4 2023 to $18.9 billion versus Q4 2022. Also, the backlog reached a record $1.6 billion....
The Department of Defense's Office of Inspector General revealed in an audit that the Pentagon had an incomplete list of its financial management systems and inadequate plans for system compliance and recommended for DOD to identify the financial management systems it will have when it becomes compliant with the Federal Financial Management Imp...
HII's (NYSE: HII) mission technologies division has secured a five-year, $197 million recompete task order to help the Joint Chiefs of Staff J7 directorate develop joint training capabilities for the Department of Defense. The task order was awarded under DOD's Information Analysis Center contract vehicle and covers research and developmen...
Sujey Edward, former Octo chief technology officer, has joined IBM's (NYSE: IBM) federal business as CTO and senior partner. Edward worked at Octo, an IBM company, for more than seven years. Prior to that, he was part of Salient CRGT, now GovCIO, as director of energy IT solutions and later vice president of its agile innovation center....
Advanced Technology International will manage the Defense Industrial Base Consortium under an other transaction agreement the Department of Defense awarded to the non-profit research institution. The DIBC OTA will support rapid research and provide access to commercial offerings to help meet defense requirements and drive innovations.Register here t...
ASRC Federal will help the Defense Logistics Agency maintain, repair and operate multiple military facilities under a potential $90 million indefinite-delivery/indefinite-quantity contract. The company's facilities logistics business will deliver MRO supplies to the U.S. Army, Navy, Air Force, Marine Corps and Coast Guard through Feb. 6, 2025....
The defense and government investment banking team of financial services company Raymond James has released a report highlighting the financial performance of several public companies in the government contracting market, recent mergers and acquisitions and major contracts awarded in 2023....
General Dynamics' (NYSE: GD) information technology business has secured a $170.8 million task order to help the Air Force Civil Engineer Center research and develop new life cycle strategies and methods to secure industrial control systems. GDIT will provide cybersecurity services to ensure less vulnerable deployments of the civil engineer co...
NASA’s Solutions for Enterprise-Wide Procurement, or SEWP, contract is now in its sixth iteration, and it’s unlocking bigger opportunities for industry than ever before. In a new video interview, Executive Mosaic spoke with Deltek’s Vice President of Research, Carey Webster, to learn more about the contract and what contractors need to do to...
Zaki Saleh currently serves as senior vice president of the health and civilian market at LMI, where he leads profit and loss and growth efforts for the sector. Saleh recently participated in an Executive Spotlight interview with GovCon Wire, where he shared his insights on generative artificial intelligence and large language models and discussed ...
