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Tag Archives: Federal

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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Maximus Issues FY 2017 Outlook Falls Below Street Forecasts, Expects Continued Brexit Currency Headwinds

GovCon Index-listed Maximus (NYSE: MMS) released earnings and revenue guidance for fiscal year 2017 below the consensus Wall Street forecast Thursday in part on expectations of continued headwinds from the British pound’s post-Brexit weakening. The Reston, Virginia-based government services contractor forecasts earnings of $2.90-$3.10 per share versus the analysts’ midpoint forecast of …

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ICF Lifts Full-Year Earnings Guidance on Govt, Energy Market Outlooks

GovCon Index-listed contractor ICF (Nasdaq: ICFI) lifted full-year earnings guidance to a range above the consensus Wall Street forecast Tuesday and slightly increased revenue projections to a range in-line with analysts’ expectations. Fairfax, Virginia-based ICF said in its third quarter financial statement it expects earnings of $2.91-$2.96 per share versus analyst forecasts of a $2.88 …

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Parsons Names Vice Chairman Tom Roell to Interim Federal Leadership Post

Thomas “Tom” Roell, vice chairman and chief risk adviser at Parsons Corp., has been appointed interim president of the Pasadena, California-based engineering and construction services contractor’s federal business unit and will maintain his other current roles for the company. Parsons said Wednesday Roell will continue to be based at the company’s …

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Cameron Chehreh: Govt Legacy Software Structure Poses Biggest Challenge to IT Modernization Efforts

TYSONS CORNER, VA, Aug. 22, 2016 — Cameron Chehreh, chief technology officer at Dell‘s federal business, has stated that the structure of legacy software for off-the-shelf government products poses the biggest challenge to the information technology modernization efforts of the government, Executive Gov reported Wednesday. Chereh said that virtualization technology, software-defined networking, virtualized data …

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ICF Posts 2Q Earnings Beat; Boosts Federal Revenue Outlook on 8% Sales Increase

ICF International (Nasdaq: ICFI) reported second quarter earnings and revenue above the consensus analyst estimate Tuesday on year-over-year growth in U.S. federal government sales as the company also lifted guidance on full-year results for that market. Fairfax, Virginia-based consulting and technical services provider ICF said earnings for the April-June period came …

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ManTech Tops Street’s 2Q Earnings Forecast, Reports 19% Profit Jump

ManTech International (Nasdaq: MANT) reported second quarter earnings Wednesday that topped the consensus analyst estimate in part on task order awards for cybersecurity support services to federal agencies. GovCon Index-listed ManTech said second quarter earnings came in at 39 cents per share versus Wall Street’s forecast of 35 cents and the company also adjusted full-year …

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Boeing Cuts Earnings Outlook on 2Q Loss as GD & Northrop Lift Forecasts on Beats, Booz Allen & CGI Top Street Estimates

Five government contractors listed in Executive Mosaic’s GovCon Index reported their latest quarterly financial results before U.S. markets opened Wednesday and all earnings per share figures fell above the consensus Wall Street forecast. Boeing (NYSE: BA) swung to a net loss for its second quarter and lowered its earnings forecast on …

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IBM Vet David McOmber Joins QTS as Public Sector, Federal Sales Head

David McOmber, a two-decade IBM (NYSE: IBM) veteran and a former vice president in Big Blue’s federal business, has joined data center and cloud computing services contractor QTS Realty Trust (NYSE: QTS) as executive VP of public sector and federal sales. QTS said Monday McOmber will also work to build relationships across its …

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Larry Prior: CSRA to Watch for ‘Strategic Opportunities’ From CSC-HPE Deal, Targets $16B in FY 2017 Bids

Government technology services contractor CSRA (NYSE: CSRA) will observe the merger of its former parent Computer Sciences Corp. (NYSE: CSC) with Hewlett Packard Enterprise‘s (NYSE: HPE) enterprise services segment for any potential opportunities, CSRA CEO Larry Prior told investors Wednesday. Falls Church, Virginia-based CSRA entered the market in November 2015 …

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