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Tag Archives: public sector

Future CSC-HPE Services Combination to Trade as ‘DXC Technology’

The company set to be formed by the merger of Computer Sciences Corp. (NYSE: CSC) and the enterprise services segment of Hewlett Packard Enterprise (NYSE: HPE) will operate under the “DXC Technology” name upon the deal’s scheduled April 3 closure. CSC said Wednesday the future company will list on the New York …

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CSC, CSRA Amend Non-Compete Agreement in Public Sector Market

Computer Sciences Corp. (NYSE: CSC) has amended its non-competition pact with CSRA (NYSE: CSRA) ahead of an impending merger between CSC and Hewlett Packard Enterprise‘s (NYSE: HPE) enterprise services segment, CRN reported Monday. Michael Novinson writes the modified agreement will ease limits on CSC’s participation in the federal, state and local government markets …

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Harris to Sell Govt IT Services Business to Veritas Capital for $690M

Harris Corp. (NYSE: HRS) has agreed to sell its government information technology services business to private equity investment firm Veritas Capital for approximately $690 million in the military radio maker’s second major divestiture over less than one month as part of its larger portfolio reshaping effort. The deal comes approximately three weeks …

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Executive Mosaic Reveals 2017 Wash100 Inductees: GovCon Arena’s Most Influential Leaders & Voices

As we begin a new and exciting year in the GovCon marketplace, Executive Mosaic announced its selection for the 2017 Wash100. An award that recognizes leaders for outstanding performance throughout government and industry. Now in its fourth year, the Wash100 is a premier group of private and public sector executives that drive …

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LLR Partners Buys Automation & Cyber Hunting Unit ‘BluVector’ From Northrop

Philadelphia-based private equity firm LLR Partners has purchased an automated threat detection and cyber hunting technology business unit from Northrop Grumman (NYSE: NOC) for an undisclosed sum to grow a commercial market footprint for machine learning-based tools. LLR said Monday it has committed $50 million in financing to support both the transaction and efforts to …

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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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November 10 Market Close: GovCon Index Adds 2% to Record High on Post-Election Defense Buying Spree

Executive Mosaic’s GovCon Index added 2 percent to another record close Thursday as investors continued a buying spree on defense stocks after Donald Trump’s election win and Maximus (NYSE: MMS) rebounded after its sharp drop Wednesday. GovCon Index gainers again outnumbered laggers at a 9-to-1 ratio for a second consecutive session and all …

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CSRA Tops Street’s 2Q Earnings, Revenue Forecasts

GovCon Index– and S&P 500-listed CSRA (NYSE: CSRA) reported second quarter earnings and revenue above Wall Street analysts’ forecasts after markets closed Wednesday on what the company cited as ramps of new business awards and expansion of existing work. Earnings for the three-month period ended Sept. 30 came in at …

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Boston Consulting Hires Brad Carson as Senior Adviser, Trent Reasons as Associate Director

The Boston Consulting Group has appointed Brad Carson,  former acting undersecretary for personnel and readiness at the Defense Department, as senior adviser and named Trent Reasons, former director of analysis at the Treasury Department, as associate director. BCG said Tuesday Carson will support the management consulting firm’s worldwide public sector practice as well as aerospace and defense programs. …

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AECOM Promotes Mgmt Services Lead Randy Wotring, Elevates John Vollmer to Segment President

Randy Wotring, former president of the management services segment at AECOM (NYSE: ACM), has been appointed to a newly-created role of president of technical and operational services in a move that takes effect immediately. AECOM said Thursday that transition will also see John Vollmer, previously executive vice president and chief operating officer for management services, …

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