Parsons Secures $8.8B Backlog, Drives Federal Solutions Growth

Parsons Secures $8.8B Backlog, Drives Federal Solutions Growth

GovCon Updates

Parsons delivered a powerful third-quarter performance for 2025, strategically positioning the company for future expansion. While total reported revenue reached $1.6 billion, the firm’s core growth drivers—specifically new Parsons Federal Solutions contracts and robust infrastructure spending—achieved double-digit growth. Management successfully increased adjusted EBITDA margin by 60 basis points, hitting 9.8%, which reflects successful execution across…

Mike Spagna Rises to President of HighPoint Digital

Mike Spagna Rises to President of HighPoint Digital

GovCon Updates

HighPoint Digital elevated Mike Spagna to the role of President, recognizing his profound impact and over two decades of experience within the federal contracting sector. Spagna, who joined the Indianapolis-based IT and customer experience services provider in 2021, most recently served as the company’s Executive Vice President and Chief Operations Officer. In that capacity, he…

DOJ Clears Google's $32 Billion Acquisition of Cloud Security Firm Wiz

DOJ Clears Google’s $32 Billion Acquisition of Cloud Security Firm Wiz

GovCon Updates

The Department of Justice (DOJ) formally approved Google’s substantial acquisition of cloud security powerhouse Wiz, clearing a critical regulatory hurdle for the estimated $32 billion all-cash transaction. The DOJ recently signaled its intent to terminate the antitrust investigation early, confirming it will not challenge the merger. This decision represents a major step toward finalizing one…