HOUSTON, July 03, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced today that it will host a conference call to discuss its second quarter financial results on Thursday, July 31, 2025, at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). The company plans to issue its second quarter 2025 earnings release and earnings presentation in advance of the call. Both will be available on KBR’s website. The conference call will be webcast simultaneously through the Investor Relations section of KBR’s website at inve ...

RESTON, Va., July 02, 2025 (GLOBE NEWSWIRE) -- Bowman Consulting Group Ltd. (NASDAQ: BWMN), a national engineering services and project management firm, today announced it has entered into a definitive purchase agreement to acquire e3i Engineers, a Boston, Massachusetts-based firm specializing in the design of data centers, energy infrastructure and emerging technology applications. The acquisition enhances Bowman’s ability to support clients with increasingly complex inside-the-data-center engineering need ...

HOLLYWOOD, Fla., June 30, 2025 (GLOBE NEWSWIRE) -- NV5, a provider of technology, certification, and consulting solutions, announced today that it has been awarded over $20 million in engineering design and construction management contracts by the New York City Department of Parks and Recreation to support parks and recreation facility improvements. These awards continue NV5’s 20-year relationship designing and overseeing the construction of New York City's more than 1,700 parks and recreational spaces. NV5 ...

Core Insights - Over the last decade, global defense priorities have shifted towards digital warfare, integrated networks, and AI-powered intelligence systems, leading to increased investor interest in defense technology stocks like Leidos Holdings (LDOS) and RTX Corp. (RTX) [1][3] Company Overview - Leidos operates as a leading government IT and engineering services provider, specializing in cybersecurity, surveillance, logistics, and data analytics, while RTX is a defense manufacturing powerhouse delivering advanced physical systems such as missile defense, hypersonics, radar, and avionics [2] - RTX's BBN division is known for its work in networking, cybersecurity, and artificial intelligence, with a history of innovation including contributions to the development of the first email [2] Financial Stability & Growth Drivers - As of Q1 2025, Leidos Holdings had cash and cash equivalents of $0.84 billion and current debt of $0.12 billion, indicating a strong solvency position that allows for continued investment in AI-powered cybersecurity solutions and strategic acquisitions [4][5] - RTX's cash and cash equivalents totaled $5.16 billion with current debt of $3.06 billion, reflecting a solid solvency position that supports investment in innovative technologies within the aerospace-defense industry [6] - The proposed 13% increase in the U.S. defense budget for fiscal 2026 is a major catalyst for both companies, particularly for the development of the Golden Dome missile defense shield [7][8] - Leidos' aviation solutions support 60% of global air traffic, while RTX's Pratt & Whitney unit is a leading jet engine manufacturer [9][11] Stock Performance & Valuation - Over the past three months, LDOS has outperformed RTX with a 13.5% increase compared to RTX's 6%, but RTX has surged 40.5% over the past year, while LDOS has only risen 4.6% [19] - LDOS trades at a forward earnings multiple of 13.95X, which is lower than RTX's 22.32X, indicating a more attractive valuation for LDOS [21] - Leidos has a higher Return on Equity (ROE) than RTX, suggesting more efficient capital utilization [22] Final Assessment - Both Leidos and RTX present distinct yet overlapping investment opportunities in the evolving defense landscape, with Leidos focusing on AI-powered cybersecurity and diversified end-markets, while RTX excels in missile defense and advanced digital capabilities [23][26] - Despite stronger top-line growth estimates for RTX in 2025, Leidos shows higher profitability metrics and a more attractive valuation, making it a potentially smarter investment choice in the current security landscape [27]

Contract extends company’s support of 11.2-million-acre nationwide aerial acquisition and orthoimagery project for National Resource Inventory (NRI) programRESTON, Va., June 25, 2025 (GLOBE NEWSWIRE) -- Bowman Consulting Group Ltd. (NASDAQ: BWMN), a national engineering services and program management firm, was awarded a continuation contract to provide aerial acquisition and orthoimagery services under a new Phase II contract for the National Resource Inventory (NRI) program. The work is to be performed un ...

Core Insights - The global engineering services market is projected to grow from nearly $1.1 trillion in 2024 to $1.55 trillion by 2034, with a compound annual growth rate (CAGR) of 3.41% from 2029 to 2034 [2][16]. Market Overview - The engineering services market reached a value of approximately $1.1 trillion in 2024, growing at a CAGR of 3.48% since 2019 [2]. - The market is expected to grow to $1.31 trillion by 2029, reflecting a growth rate of 3.53% [2]. Historical Growth Factors - Growth during the historic period (2019-2024) was driven by rising infrastructure development projects, increased adoption of artificial intelligence, demand for industrial robots, and rapid industrialization [3]. - Negative factors included quality control issues and safety concerns within engineering firms [3]. Future Growth Drivers - Future growth will be propelled by the expansion of the renewable energy sector, investments in smart cities, demand for IoT solutions in smart manufacturing, and sustainable engineering solutions [4]. - Potential hindrances include high liability risks and infrastructure funding gaps [4]. Regional Insights - North America was the largest region in the engineering services market in 2024, accounting for 33.23% or $366.89 billion [5]. - The fastest-growing regions are expected to be the Middle East and Africa, with CAGRs of 9.63% and 6.50% respectively [5]. Market Fragmentation - The engineering services market is highly fragmented, with the top 10 competitors holding only 3.56% of the total market share in 2023 [6]. - AECOM is the largest competitor with a market share of 0.67% [6]. Market Segmentation - By type, civil engineering services accounted for 50.69% or $559.61 billion of the market in 2024, while the other engineering services segment is expected to grow at a CAGR of 4.88% from 2024 to 2029 [7]. - By deployment mode, the offshore segment was the largest, accounting for 57.99% or $640.17 billion in 2024, and is projected to grow at a CAGR of 3.74% [8]. - By end-user, transportation infrastructure was the largest segment, accounting for 19.02% or $210.03 billion, with telecommunications expected to grow at a CAGR of 4.65% [9]. Opportunities - The civil engineering services segment is expected to gain $81.48 billion in global annual sales by 2029 [10]. - The offshore segment is projected to gain $129.08 billion in global annual sales by 2029 [10]. - The transportation infrastructure segment is expected to gain $44.75 billion in global annual sales by 2029, with the USA projected to gain the most at $26.64 billion [10]. Strategic Recommendations - Companies are advised to adopt generative AI to enhance engineering efficiency and build interoperable portfolios for better integration [12]. - Strategic partnerships and investments are recommended to drive innovation and market expansion [12].

Core Insights - Tetra Tech, Inc. (TTEK) is positioned for growth due to strong performance in its end markets, strategic acquisitions, and a focus on operational excellence [1][5][10] - The company has a market capitalization of $9.5 billion and has outperformed the industry with a 22.4% gain over the past three months compared to the industry's 7.1% [3] Business Strength - TTEK is experiencing robust orders from various sectors including U.S. Federal, State & Local, Commercial, and International clients, with a 23.4% year-over-year increase in net sales from its Government Services Group in the first half of fiscal 2025 [5] - The CIG segment also saw a revenue increase of 1.8% year-over-year in the same period, aided by strong project performance in international operations and the RPS acquisition [6] Acquisition Benefits - Tetra Tech is actively acquiring businesses to enhance its customer base, geographic reach, and product offerings, including the acquisition of Convergence Controls & Engineering in May 2024, which expands its automation solutions in water and energy sectors [7] - The acquisition of LS Technologies in February 2024 strengthened its federal IT capabilities, while the RPS Group buyout in January 2023 enhanced its water practice in the UK and renewable energy focus [8] - A deal to acquire SAGE Group Holdings in May 2025 will further boost Tetra Tech's digital automation solutions across various sectors [9] Shareholder-Friendly Policies - Tetra Tech is committed to returning value to shareholders, having paid out $30.9 million in dividends in the first half of fiscal 2025, an 11.2% increase year-over-year, and a total of $58.8 million in fiscal 2024, up 12.9% [10] - The company raised its quarterly dividend rate by 12% in July 2024 [11] Bullish Guidance - Management has issued a positive revenue guidance for fiscal 2025, expecting revenues between $4.400 billion and $4.765 billion, an increase from $4.322 billion in fiscal 2024 [11]

Castellum Announces Closing of $5.0 Million Public Offering of Common Stock and Warrants Castellum, Inc. (the “Company” and “Castellum”) (NYSE-American: CTM) today announced the closing of its previously announced public offering of 4,166,667 Units at a public offering price of $1.20 per Unit - www.castelumus.com VIENNA, Va., June 16, 2025 (GLOBE NEWSWIRE) -- Castellum, Inc. (the “Company” and “Castellum”) (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services company focused o ...

Core Insights - Parsons Corporation has been awarded a $169.5 million contract by the U.S. Army Corps of Engineers for the design-build delivery of a new Ammonium Nitrate Solution Tank Farm at Holston Army Ammunition Plant, marking a significant new project for the company [1][2]. Company Overview - Parsons is recognized as a leading provider of disruptive technology in national security and global infrastructure, with expertise in various sectors including cyber and intelligence, space and missile defense, and critical infrastructure protection [5]. Contract Details - The contract will enable the Holston Army Ammunition Plant to enhance its storage capabilities for Ammonium Nitrate Solution, which is a byproduct of explosives manufacturing, and will replace existing storage tanks to support expanded manufacturing operations [2][3]. - This contract is part of a broader multi-year, multi-billion-dollar initiative by the U.S. Army to modernize its organic industrial base, which includes upgrades to facilities and workforce capabilities [3]. Historical Context - This award represents Parsons' third contract from the USACE Norfolk District in four years, following previous contracts for an Explosive Decomposition Chamber facility in 2023 and a design-build contract for an Energetic Waste Incinerator in 2021 [3].

Core Viewpoint - Stantec Inc. has successfully closed a private placement offering of $425 million in senior unsecured notes, which will be used to repay existing debt and for general corporate purposes [2][3]. Group 1: Financial Details - The offering consists of senior unsecured notes due June 10, 2032, with an interest rate of 4.374% per annum, priced at par [2]. - The notes have been assigned a BBB rating with a stable trend by DBRS Limited [3]. Group 2: Regulatory Information - The notes were not qualified for public sale under Canadian securities laws and were offered on an exempt basis [4]. - The notes will not be registered under the U.S. Securities Act and cannot be offered or sold in the United States [4]. Group 3: Company Overview - Stantec is a global leader in sustainable engineering, architecture, and environmental consulting, addressing significant global challenges [5]. - The company focuses on managing aging infrastructure, demographic changes, and the energy transition [5][6]. - Stantec emphasizes collaboration with diverse stakeholders to tackle critical issues such as climate change and digital transformation [6].