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Tag Archives: Federal

KBR CEO Stuart Bradie: Wyle Purchase Adds US Govt R&D Contracts as Complement to Overseas Work

acquisition, merger

KBR‘s (NYSE: KBR) move to purchase U.S. government engineering and technical services contractor Wyle Laboratories for $570 million aims to add a pipeline of domestic research-and-development services to federal agencies as a complement to work carried out overseas, KBR CEO Stuart Bradie told investors Monday. Bradie said a majority of KBR’s government …

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Lynn Dugle: Engility Shifts to Organic Growth Focus, Seeks $5B in New Bids

Engility-logo

Engility Holdings (NYSE: EGL) expects to start seeing some organic sales growth in the second half of this year as the company has finished the integration of fellow government services contractor TASC one year out from that acquisition’s closure, CEO Lynn Dugle told investors Thursday. Chantilly, Virginia-based Engility has nearly $3.5 billion …

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Engility Tops Street’s 1Q Earnings & Revenue Outlooks; ICF Profit Meets Street Forecast With Sales Beat

Money

Engility Holdings (NYSE: EGL) and ICF International (NASDAQ: ICFI) — both listed in Executive Mosaic’s GovCon Index reported first quarter earnings and revenue figures after U.S. financial markets closed Thursday that either exceeded or met the consensus analyst forecast for both figures. Chantilly, Virginia-based services contractor Engility said first quarter …

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IBM Vet David Hathaway to Head Defense, Intell Business for Global Business Services Segment

David Hathaway

David Hathaway, a 14-year IBM (NYSE: IBM) veteran and a former public sector application lead in its global business services segment, has transitioned into the role of vice president of defense and intelligence for the GBS organization, an IBM spokesperson has told GovCon Wire. Hathaway started the role April 1 and will …

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Weekly Roundup March 28 – April 1 2016: The Federal Angle in NTT Data’s Pickup of Dell Services & more

acquisition, merger

March 28 – April 1 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson An acquisition deal announced this week appears on the surface to have its roots in Tokyo and Texas but its impact will also be felt right here in the Washington …

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NTT Data Inks $3.05B Deal for Dell’s IT Consulting, Services Unit

data center

A subsidiary of Japan-based conglomerate Nippon Telegraph & Telephone (NYSE: NTT) has agreed to purchase the information technology services and consulting business of Dell for $3.05 billion as part of a push to expand further into new geographic markets such as the U.S. The companies did not disclose a timeline for …

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Executive Mosaic Unveils 2016 Wash100 Inductees: GovCon’s Most Influential Voices

2016Wash100

The year 2015 for government contractors was one that featured major landscape shifts in its composition unlike any other since the post-Cold War drawdown in the 1990s that resulted in consolidation among the defense market’s largest companies. GovCon’s services arena took its turn to drive the consolidation narrative in 2016 …

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Kurt Tripp, Christian Alexander Take Parsons Federal Group Leadership Roles; Mary Ann Hopkins Comments

Parsons

Parsons has appointed Kurt Tripp and Christian Alexander to new leadership roles within its newly-formed federal government business unit as part of the Pasadena, Calif.-based engineering and construction company’s realignment. Tripp, who joined Parsons in 2011, has been appointed senior vice president and manager of business development for the defense and security division, Parsons …

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ASRC Federal Buys Data Networks Corp; Mark Gray Comments

acquisition, merger

Greenbelt, Maryland-based government contractor ASRC Federal has purchased information technology services provider Data Networks Corp. for an undisclosed sum as part of a federal IT market growth push. ASRC Federal’s parent company Arctic Slope Regional Corp. announced the transaction Monday and said DNC will operate as a subsidiary within ASRC Federal. …

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Versar Finalizes Johnson Controls Security Systems Buy

acquisition, merger

Versar (NYSE: VSR) has closed its purchase of the federal security systems integration business of Johnson Controls for $20 million in cash and contingent payments. The companies unveiled the deal last month and Versar said Thursday that Johnson Controls Security Systems changed its name to Versar Security Systems following the …

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