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Tag Archives: Federal

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

MantechLogo

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

Money

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 McComber

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

CSRA

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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Mike Lawrie: CSC Has ‘All Options’ on Table for HPE’s US Public Sector Arm Post-Merger

CSC logo_GovConWire

Computer Sciences Corp. (NYSE: CSC) CEO Mike Lawrie told investors Tuesday the company will consider an undefined range of options regarding Hewlett-Packard Enterprise‘s (NYSE: HPE)’s U.S. public sector business in conjunction with CSC’s merger into HPE’s enterprise services segment. Tysons, Virginia-based CSC is subject to a two-year non-compete agreement in the federal government field …

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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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