A Note From Our President & Founder Jim Garrettson
Government contractingâs M&A and financial aspects took center stage again this week and GovCon Wire hit on all the major events as Executive Mosaicâs home of market-moving news for the sector.
On Tuesday, Leidosâ executive team detailed the contractor’s financial and strategic outlook to analysts at the New York Stock Exchange for its annual âInvestor Dayâ that centered around one major topic: the mega-merger with Lockheed Martinâs services segment.
Analysts had plenty of questions for dual 2016 Wash100 inductees CEO Roger Krone and CFO Jim Reagan on Leidosâ three-year strategy and changing market dynamics.
GovCon Wireâs full recap of the Leidos NYSE Investor Day is available here.
Engility was one of the early players in GovCon services consolidation via the acquisition of its Chantilly, Virginia neighbor TASC first announced in October 2014 and closed four months later.
Engility started the week on the front foot with second quarter earnings released Monday that âBeat The Streetâ and analysts subsequently asked CEO Lynn Dugle and CFO Wayne Rehberger about the contractor’s organic growth-focused strategy.
This week also marked a rare entry of an activist investor into the GovCon market as Barry Rosenstein’s Jana Partners hedge fund disclosed a stake in Harris Corp. and reached an agreement with the radio maker on two mutual board appointments.
Jana’s reputation among the investment and general business media communities is to quietly push for changes as opposed to the more high-profile, aggressive likes of Carl Icahn and Bill Ackman.
Next week features two major earnings calls from CSC and its government spinoff CSRA in light of the formerâs agreement to merge with HPEâs enterprise services segment that includes a significant public sector piece.
Darrell Graddy, formerly chief operating officer of Leidos‘ (NYSE: LDOS) U.K. business arm, has been appointed chief strategy officer at Boston Government Services. He brings to the role nearly four decades of government contracting industry experience in program management, business development, capture strategy, strategy development and strategic planning, BGS said Monday. “Darrell has been a
Leidos (NYSE: LDOS) will help the U.S. Army sustain and upgrade its command, control, communication, computers, cyber, intelligence, surveillance and reconnaissance hardware systems under a potential $267 million follow-on indefinite-delivery/indefinite-quantity contract. The Responsive Strategic Sourcing for Services task order covers hardware sustainment, modernization, refresher training, and logistics services in support of the Army Communications-Electronics Command,
Leidos Chief Growth Officer Gerry Fasano recently accepted his 2024 Wash100 Award from Executive Mosaic CEO Jim Garrettson. Vote for Fasano as your favorite Wash100 Award winner at Wash100.com! The Wash100 popular vote competition runs until April 30, and the winner will be announced in May. Each year, the coveted Wash100 Award honors the most influential and outstanding executives