A Note From Our President & Founder Jim Garrettson
Government contractingâs M&A and financial aspects took center stage again this week and GovCon Wire hit on all the major events as Executive Mosaicâs home of market-moving news for the sector.
On Tuesday, Leidosâ executive team detailed the contractor’s financial and strategic outlook to analysts at the New York Stock Exchange for its annual âInvestor Dayâ that centered around one major topic: the mega-merger with Lockheed Martinâs services segment.
Analysts had plenty of questions for dual 2016 Wash100 inductees CEO Roger Krone and CFO Jim Reagan on Leidosâ three-year strategy and changing market dynamics.
GovCon Wireâs full recap of the Leidos NYSE Investor Day is available here.
Engility was one of the early players in GovCon services consolidation via the acquisition of its Chantilly, Virginia neighbor TASC first announced in October 2014 and closed four months later.
Engility started the week on the front foot with second quarter earnings released Monday that âBeat The Streetâ and analysts subsequently asked CEO Lynn Dugle and CFO Wayne Rehberger about the contractor’s organic growth-focused strategy.
This week also marked a rare entry of an activist investor into the GovCon market as Barry Rosenstein’s Jana Partners hedge fund disclosed a stake in Harris Corp. and reached an agreement with the radio maker on two mutual board appointments.
Jana’s reputation among the investment and general business media communities is to quietly push for changes as opposed to the more high-profile, aggressive likes of Carl Icahn and Bill Ackman.
Next week features two major earnings calls from CSC and its government spinoff CSRA in light of the formerâs agreement to merge with HPEâs enterprise services segment that includes a significant public sector piece.
Lockheed Martin (NYSE: LMT) has received a potential two-year, $84.9 million contract modification to provide four Three-Dimensional Expeditionary Long-Range Radar systems for the U.S. Air Force. This award brings the contract’s ceiling value to $182.9 million and covers production management support, travel, data and other services, the Department of Defense said Thursday. The Air Force
The U.S. Air Force has chosen Lockheed Martin (NYSE: LMT) to replace a tactical ground-based radar system used to carry out airspace defense operations. USAF said Wednesday it will exercise an option of a previously awarded contract to procure the company’s AN/TPY-4(V)1 technology for the Three-Dimensional Expeditionary Long-Range Radar production effort as part of the
The U.S. Air Force has released a draft solicitation for production-ready systems designed to meet its requirement for a three-dimensional expeditionary long-range radar platform.