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Weekly Roundup Feb. 16 – Feb. 19 2016: The M&A Deal Leaders in 2016’s Wash100 & more

Feb. 16 – Feb. 19 2016

A Note From Our President & Founder Jim Garrettson

Over the past two weeks here, we have taken different looks at Executive Mosaic’s 2016 Wash100 list of the government contracting arena’s most influential voices and pulled out some similarities between certain inductees.

First we highlighted the nine executives that have been selected in all three iterations of the list, then recognized the CEOs of General Dynamics, Lockheed Martin and Northrop Grumman for those companies’ consistent financial results and stock value appreciation to “Beat The Street.”

This week, we will single out GovCon chief executives at companies that made significant merger or acquisition deals drove the narrative of consolidation in the government services market for 2015.

You may recall that Leidos CEO Roger Krone was previously mentioned in this space as a three-time Wash100 inductee and his selection this year is in recognition of his company’s agreement to merge with Lockheed Martin’s IT segment, a deal that will double Leidos in size and scale upon closure.

Tony Moraco has led McLean, Virginia-based SAIC as CEO from its September 2013 spinout from former parent Leidos and entered the intelligence and Air Force markets in early 2015 through the the $790 million cash acquisition of Scitor Corp.

CACI CEO Ken Asbury continued his company’s notable history of M&A deals through the$550 million buy of L-3’s services segment, which adds $1 billion in projected annual sales to CACI’s bottom line and grows its intelligence market footprint much like SAIC.

Privately-held services contractors also featured in GovCon’s M&A story for 2015 as PAE made successive acquisitions of A-T Solutions and USIS’ global security business, ASRC Federal bought Data Networks Corp. and OGSystems purchased Urban Robotics.

Earlier this year, PAE itself became an investment target and the global logistics services contractor is being purchased by LA-based private equity firm Platinum Equity from Lindsay Goldberg, which purchased PAE in 2011 from Lockheed.

PAE CEO John Heller, ASRC Federal’s Mark Gray and Omar Balkissoon of OGSystems stewarded their companies through all those deals and are 2016 Wash100 inductions for leadership and vision.

Market observers may be anticipating more deals and continued reshaping in the GovCon services market for 2016, but 2015 will sure be hard to top for pace and size.


Lloyd Howell to Succeed Kevin Cook as Booz Allen CFO, Treasurer
Howell currently leads the McLean, Virginia-based firm’s civil commercial group and will start as its finance chief on July 1.
GAO Denies Boeing-Lockheed Team’s Protest of Northrop Air Force Bomber Contract
Boeing and Lockheed have an option to take their challenge of the award to Federal Claims Court.
Army Posts RFP for $12B Follow-On Enterprise IT Services Contract
Proposals are due March 14 for ITES-3S, which will have a five-year base period with options to extend for an additional four years.
3 Firms to Help Maintain Navy Surface, Amphibious Warships Under $2.6B IDIQ
Awardees will carry out maintenance and repair work on six classes of warships that include destroyers and missile cruisers.
Leidos Tops Wall Street’s Full 2015 & 4Q Earnings Forecasts
2015 net income for the Reston, Virginia-based services contractor totaled $254 million to reverse the $323 million loss from 2014.
ManTech Posts 8% Profit Jump for FY 2015, Yearly & 4Q Earnings Meet Wall Street Forecast
The Fairfax, Virginia-based contractor also forecasts net income and earnings per share to rise in 2016.
Keith Salisbury on Transforming Government Through Lessons Learned in Silicon Valley
Pivotal’s U.S. federal sales VP contributed a piece to ExecutiveBiz this week focused on cloud computing in the public sector.
CenturyLink to Offer Government Cloud Service Via GSA Networx Vehicle; Tim Meehan Comments
Networx is GSA’s current telecom contract vehicle slated to be replaced by the potential $50 billion EIS program.
Inmarsat’s Rebecca Cowen-Hirsch: ‘Satcom as a Service’ Can Help DoD Manage Space Investments
Cowen-Hirsch advocates for this approach as a method to help the military achieve interoperability and increased coverage.
Deloitte: Aerospace, Defense Employment to Grow 3.2% in 2016
The global consulting firm predicts a reversal from a five-year downward trend that was due to sequestration budget cuts on defense.
Terry Halvorsen Orders Microsoft Windows 10 Updates on 4M DoD Seats
Halvorsen told DoD personnel in November he wanted the Pentagon to standardize and complete the deployment within a year.

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