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.
Leidos (NYSE: LDOS) will work with NATO to help modernize the ballistic missile defense capabilities of the organization under two single-award, firm-fixed-price contracts from the organization’s Communications and Information Agency. The company said Friday the internationally competed contracts are worth $90M in total estimated value and have four-year base period of performance and four option
Germany has decided to procure the Lockheed Martin-built (NYSE: LMT) F-35 Joint Strike Fighter to replace its Panavia Tornado fighter aircraft by 2030, Breaking Defense reported Monday. Christine Lambrecht, Germany’s defense minister, said the F-35 will be for the nuclear sharing mission and offers a potential for cooperation with NATO allies and other European partners.
Raytheon Technologies‘ (NYSE: RTX) Collins Aerospace business has secured a potential 10-year, $99.6 million contract from the U.S. Air Force to perform sustaining engineering work on avionics of the E-3 airborne early warning and control system. Collins Aerospace will support recurring and non-recurring AWACS avionics maintenance requirements at USAF and NATO, the Department of Defense
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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.
This HTSI deal and 
After Thursday’s close, Hewlett Packard Enterprise said it would acquire the high-performance computing technology company Silicon Graphics International for 
