A Note From Our President & Founder Jim Garrettson
This calendar year so far has brought an unprecedented year of change and tectonic shifts to the government contracting sector and even with that said, what other catalysts could come in the last month of fiscal year 2016?
There is the traditional flurry of contract awards every September as federal agencies close their books and prepare for the next fiscal year.
Prospects of another continuing resolution also looms large over both agencies and industry with six-month or one-year short-term funding bills as possibilities to avoid another government shutdown like the one in October 2013.
Congress has not passed a budget on time since 2009 and relied on CRs to keep the government open and maintain spending at current levels.
Even with continued budget uncertainties, the business of government contracting will roll on in September and GovCon industry analysts will have their attention on Science Applications International Corp. next Thursday morning for that company’s earnings call.
SAIC will report second quarter financial results before markets open Thursday in the McLean, Virginia-based contractor’s first earnings statement since former parent Leidos doubled in size on Aug. 16 via the latter’s merger with the former Lockheed Martin services segment.
The companies now known as SAIC and Leidos were created in 2013 out of the “old” Science Applications International Corp. in a move that sought to eliminate organizational conflicts of interest between both entities.
The “new” SAIC took a large portion of enterprise IT-related work out of that separation now Leidos has moved into that arena via the merger.
Outside of the typical numbers-focused questions in every earnings call, analysts will also have the chance to ask SAIC leaders about the current CR situation and how they view the government IT market’s landscape now with the entry of a new but familiar competitor.
THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards Holicity, Astra Enter Into Merger Agreement; Chris Kemp Quoted Astra has agreed to merge with Holicity in a deal that would also transform the small satellite launch services provider into a publicly traded company. Alameda, California-based Astra said the transaction implies a $2.1 billion
Oroco Capital to Buy AECOM Civil Construction Business; Troy Rudd Quoted AECOM has entered into a definitive agreement to sell its civil construction business, including the Shimmick Construction unit, to Oroco Capital. AECOM said Thursday it expects to complete the sale in January upon the satisfaction of customary closing conditions. ArchIntel Releases Extended Competitive Intelligence Compendium ArchIntel, a completely customized,
THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards Reps. Adam Smith, Mac Thornberry Announce Bicameral Agreement Over FY 2021 NDAA House Armed Services Committee Chairman Adam Smith, D-Wash., and Ranking Member Mac Thornberry, R-Texas, issued a joint statement Wednesday saying both chambers of Congress have reached agreement on the National Defense Authorization Act for fiscal