The mission of Government Contracting Wire, the long-form name of what readers know as GovCon Wire, is to give readers the latest up-to-the-minute information on business activity of the sector’s largest firms.
GovCon Wire keeps readers abreast of the latest mergers and acquisitions in the GovCon space and gives readers the executive’s perspective on their companies’ strategies for growth and what areas are prime for growth.
Coverage also includes how companies are re-shaping, and re-making themselves, to pursue business in the federal market.
In one of the largest deals GovCon Wire has covered over the past year, DigitalGlobe (NYSE: DGI) and GeoEye wrapped up their $900 million cash-and-stock merger nearly seven months after announcing their plans to combine forces.
As of Feb. 1, the combined firm trades under the DigitalGlobe name and had an estimated $2.1 billion market capitalization price.
The combined DigitalGlobe is pursuing growth in commercial and international markets and aiming to depend less on the U.S. government for revenue.
The planned enterprise information technology and technical services business will keep the SAIC name and Tony Moraco, current ISR group president, will serve as CEO of that business.
John Jumper, SAIC chairman and CEO, will lead the other business focused in national security, health and engineering and that company will adopt the name “Leidos.”
That name, taken from the word kaleidoscope, intends to reflect how the company takes ideas from different angles to create new offerings.
In announcing the planned separation, Jumper said the company is aiming to give both businesses more room to compete in their own space.