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Tag Archives: Acquisitions

October 5 Market Close: GovCon Index Gets Boeing, Services Stock Boosts as KBR Gets Upgrades After Selloff


Executive Mosaic’s GovCon Index traded higher Wednesday with Boeing (NYSE: BA) the largest contributor with services-oriented contractors also leaders of gains as U.S. stocks rose on investor confidence in a strengthening domestic economy after the release new data. GovCon Index advancers slightly edged laggers and seven of its 11 S&P 500 companies that include Boeing closed …

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CSRA Shows Openness to Deals With ‘Cloud-Enabled Digitization’ Factor, 1Q Earnings Top Street Outlook


CSRA (NYSE: CSRA) is open to acquisitions and has allocated a portion of its cash deployment strategy for potential deals, the company’s chief executive told investors Wednesday. “They have to give us a technology edge as we think about cloud-enabled digitization of the marketplace. We always look for customer intimacy and competitive …

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DHS Execs: Agency Seeking Early Feedback From Industry on IT Acquisitions

data center

The Department of Homeland Security wants potential vendors in an information technology acquisition program to give the agency feedback early in the process via responses to requests for information, DHS’ chief procurement officer said Wednesday. Soraya Correa, DHS’ CPO since January 2015, told an audience of industry executives at a Potomac Officers Club-hosted …

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Maximus FY 2015, 4Q Earnings Exceed Street Forecast; Guidance Lowered on UK Contract Outlook


Maximus (NYSE: MMS) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported earnings of $2.39 per share for its 2015 fiscal year ended Sept. 30 to exceed Wall Street estimates by 4 cents and prior year figures by 13.27 percent. Fourth quarter earnings for the Reston, Virginia-based …

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Maximus Meets 3Q Wall Street Earnings Estimate, Beats Revenue Forecast


Maximus (NYSE: MMS) has reported fiscal year 2015 third quarter earnings of 64 cents per share, a figure in line with Wall Street’s consensus projection. That figure includes costs related to the the Reston, Va.-based public sector health and human services contractor acquisitions of Acentia and Remploy, both of which …

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Louis Addeo, ManTech EVP, to Retire at Year’s End

Louis Addeo

Louis Addeo, executive vice president of corporate development and strategic acquisitions at ManTech International (NASDAQ: MANT), plans to retire from the company on Dec. 31. He informed the company of his plans Monday, according to a Securities and Exchange Commission filing. The news was first reported by Jill Aitoro of the Washington …

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Mike Corkery: Deltek Aims to Complement ERP Portfolio With Sohnar Acquisition

Mike Corkery

Deltek has acquired London-based program management application developer Sohnar for an undisclosed amount in a move aimed at expanding Deltek’s professional services automation portfolio. Sohnar makes the cloud-based Traffic LIVE product for users to create estimates and quotes and schedule resources for projects.Deltek announced  Thursday. Traffic LIVE contains an online studio, workflow management and …

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Bonnie Cook Promoted to ManTech Mission Solutions, Services Group EVP Role

Bonnie Cook

Bonnie Cook, a 25-year veteran of ManTech International (NASDAQ: MANT), has been promoted to serve as executive vice president of business operations for the company’s mission solutions and services group. Her previous roles at ManTech included responsibility for helping manage financial operations and to integrate acquisitions, ManTech said Tuesday. As …

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GovCon Wire Gets Direct Executive View on Market


GovCon Wire‘s executive-driven coverage not only highlights their involvement in significant contract awards and mergers and acquisitions but gets their direct perspectives on what drives the GovCon market and its future trends. Bob Kipps, managing director at investment banking firm KippsDeSanto & Co., casts his eye on the sector’s M&A …

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