A Note From Our President & Founder Jim Garrettson
Needless to say, we have a lot to address here after a heavy news week that featured news of government contracting’s largestÂ merger this decade, plusÂ a batch of 2015 earnings reports from a group of contractors Wall Street uses to gauge the defense and GovCon industry’s health.
First, LeidosÂ said it will merge withÂ Lockheed Martinâs IT segment to double in size from $5 billion to $10 billion in forecasted annual revenue and create GovCon services’ largest player at twice the scale of its nearest competitors Booz Allen Hamilton and CSRA, the combination of CSC’s U.S. government arm and SRA.
By comparison, the pre-split Science Applications International Corp. recorded nearly $11 billion in sales for its last fiscal year before the 2013 division intoÂ the companies now known as SAIC and Leidos.
Lockheed and Leidos also introduced the term âReverse Morris Trustâ into the M&A landscape through their announcement and our site GovCon Wireâs story on how RMT deals work with this transactionâsÂ finer details here.
The week also featured a mixed bag of full 2015 and fourth quarter financial statements from the âBig Fiveâ contracting giants Boeing, General Dynamics, Lockheed, Northrop Grumman and Raytheon; as well as results from mid-tier playersÂ Booz Allen and L-3 Communications.
Nazzic Keene, CEO of Science Applications International Corp., accepted her 2022 Wash100 Award during a recent visit by Executive Mosaic founder and CEO Jim Garrettson. Keene has been chosen five times to the annual Wash100 list and her selection this year is in recognition of her company’s strategy to invest in and align with areas
Executive Mosaic, the government contracting sector’s premier media and events organization, is honored to announce the launch of the highly-anticipated 2023 Wash100 Award season for its historic 10th year. The Wash100 Award, GovCon’s most prestigious accolade, annually recognizes the top 100 executives of consequence in the GovCon community in anticipation of their invaluable contributions, groundbreaking achievements
William LaPlante, undersecretary for acquisition and sustainment at the Department of Defense, was presented his 2022 Wash100 Award, the most prestigious award in all of government contracting (GovCon), by Executive Mosaic CEO Jim Garrettson during a summit hosted by Potomac Officers Club (POC). Executive Mosaic recognized William LaPlante as a first-time recipient of the Wash100 Award for his visionary leadership