A Note From Our President & Founder Jim Garrettson
Government contracting sector observers got a twin bill of significant acquisition developments during the Thursday evening-Friday morning “down time” in financial markets to continue the GovCon industry’s ongoing deal spree.
Prior to this morning’s opening bell, the former Halliburton subsidiary KBR announced its second U.S. government-focused purchase this year through a $300 million agreement to buy Honeywell Technology Solutions Inc. — the global industrial conglomerate’s federal services business.
This HTSI deal and pick up of Wyle in July for $550 million adds up to an almost $850 million bet by KBR on federal government services in a push to expand and diversify beyond the core engineering and construction work for energy market clients.
After Thursday’s close, Hewlett Packard Enterprise said it would acquire the high-performance computing technology company Silicon Graphics International for $275 million as HPE begins to embark on its new product- and platform-focused strategy.
SGI’s client base includes federal agencies with services in the fields of virtualization, data management, cloud computing and storage.
GovCon Wire — Executive Mosaic’s home of market-moving GovCon news — has all the details on KBR’s continued government services push and HPE’s move that includes a public sector angle.
Please click this link here for GovCon Wire’s full report on the KBR deal to buy HTSI, while the GCW story on the HPE-SGI transaction is available here.
Vectrus Lifts 2016 Earnings, Revenue Guidance
Net income and sales held flat year-over-year but the Exelis services spinoff also reports progress on its long-term debt repayment strategy.
Phil O’Reilly Named Brocade Federal Sales VP
A three-decade technology industry veteran, O’Reilly first joined Brocade in 2010 and most recently served as CTO for Americas and federal sales.
Government agencies are seeing more efficient responses and resolutions to cybersecurity issues as a result of a number of strategies, including a focus on collaboration, according to officials from the Cybersecurity and Infrastructure Security Agency. CISA’s David Carroll, who serves as associate director for mission engineering, credits private-public partnerships as the “fuel” of cyber operations and
Like many government agencies, the Department of Homeland Security’s U.S. Customs and Border Protection manages petabytes of data flowing through it every day. They perform an estimated 50 billion data exchanges and 10 billion transactions daily. This also means there are roughly 100 million cyber attack attempts per day on their network, according to CBP
Paul Courtney, chief procurement officer for the Department of Homeland Security, accepted his 2024 Wash100 Award from the award’s founder, Executive Mosaic CEO Jim Garrettson, in a recent in-person meeting. The Wash100 Award is bestowed on the 100 individuals EM’s discerning voting body determines are the foremost change-makers in government contracting and the federal sector. Candidates are evaluated