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Tag Archives: Acquisitions

L-3 Unveils New Name & Rebranding to Reflect Technology Strategy Shift

L-3 Communications (NYSE: LLL) will transition to the new name of L3 Technologies on Dec. 31 in an effort to reflect the New York City-based defense contractor’s repositioning as a provider of technology products. The company will also transition its portal to the new address L3T.com and update the corporate logo while its New …

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Booz Allen CFO Ties $250M Aquilent Deal to ‘Vision 2020’ Digital Services Strategy

Booz Allen Hamilton (NYSE: BAH) Chief Financial Officer Lloyd Howell characterized to investors Wednesday the firm’s pending $250 million acquisition of digital services contractor Aquilent announced Tuesday as a “tuck-in, capability-based” versus other large scale-focused transactions in the industry over the past year. Howell told attendees of the Credit Suisse Industrial Conference in Palm Beach, …

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Former Honeywell Defense & Space Chief Carey Smith Joins Parsons as Federal Unit Head

Carey Smith, former president of Honeywell‘s (NYSE: HON) defense and space business, has joined Parsons Corp. as president of the Pasadena, Calif.-based engineering and infrastructure services contractor’s U.S. federal business unit. Parsons said Tuesday Tom Roell will return to his full-time post as vice chairman and chief risk adviser after …

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Former ASRC Federal Chief, CACI EVP Paul Dillahay Named NCI CEO

Paul Dillahay, a 15-year GovCon management veteran and a former executive vice president at CACI International (NYSE: CACI), has joined Reston, Virginia-based government technology services contractor NCI (Nasdaq: NCIT) as president and CEO in a move that takes effect immediately. NCI said Monday Dillahay succeeds former president and chief executive Brian Clark, …

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L-3 Signals More Acquisitions This Year, CACI & Raytheon Pivot to Organic Growth Focus

Differing acquisition strategies among government services contractors and defense primes became a main discussion topic analysts raised in earnings calls Thursday morning with three GovCon companies that stated financial results. L-3 Communications (NYSE: LLL) hinted it could make more acquisitions this year with three announced already so far, while CACI International (NYSE: CACI) and Raytheon (NYSE: RTN) all signaled …

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Bob Kipps: Large GovCon Players Return to Organic Growth in Year of ‘Non-Traditional’ M&A Buyers

For the government technology services sector, the third quarter was strong and a step up from the prior years’ flat or shrinking activity throughout the industry, according to Bob Kipps, managing director at Tysons Corner-based aerospace and defense investment bank KippsDeSanto & Co. “Operationally, 2016 has been the year where the ‘rubber …

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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

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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