Home / News / Weekly Roundup October 31 – November 4, 2016: Final Pre-Election Week Brings News Flurry & more

Weekly Roundup October 31 – November 4, 2016: Final Pre-Election Week Brings News Flurry & more

October 31 – November 4, 2016

A Note From Our President & Founder Jim Garrettson

In this last full week before a most unusual election, the evolving narrative of a re-shaping government contracting landscape added more chapters as this week’s assortment of stories GovCon Wire covered show.

To start, a group that noted market observer Bob Kipps described to GovCon Wire as the “non-traditional” buyer gained a new member in the form of our country’s largest military shipbuilder Huntington Ingalls Industries.

HII announced Wednesday its $380 million buy of Camber Corp. and subsequent creation of a new $1 billion government services segment in efforts to diversify revenue and generate additional cash flow for shareholder return.

Huntington Ingalls executives spoke to Wall Street the next morning to discuss both third quarter results and explain the company’s push into government services during a year that has seen other large defense primes exit that part of the larger GovCon market.

Harris Corp. posted a top- and bottom-line second quarter “Street Beat” and in a more significant development the military radio maker said Tuesday it will sell the CapRock maritime communications business for $425 million to SpeedCast.

Leidos, now the largest GovCon services company, lifted full-year earnings and revenue guidance in the company’s first financial statement since the blockbuster merger with Lockheed Martin’s former IT business.

Finally, ManTech announced Thursday it has elevated Chief Financial Officer Kevin Phillips to the president and chief operating officer roles and he will be succeeded as CFO by current deputy finance chief Judy Bjornaas with both appointments to take effect Nov. 7.

Phillips described his new role to investors Thursday in ManTech’s third quarter earnings call, plus offered an outlook GovCon’s current acquisition environment and how it could shape itself post-election.

In short, what a week this was. And what a week this coming one will be.

THE WEEK’S OTHER TOP 10 GOVCON STORIES

Engility Highlights 3Q Contract Bookings in ‘Best-Value’ Strategy Shift Versus LPTA
CEO Lynn Dugle and CFO Wayne Rehberger detail the services contractor’s evolving focus in the market to investors.
Former ASRC Federal Chief, CACI EVP Paul Dillahay Named NCI CEO
Dillahay also will hold a position on the Reston-based government technology services contractor’s board of directors.
Altamira Continues Intell & Defense Growth Push With APG Technologies Buy
Altamira CEO Ted Davies said the move is one step in efforts to grow technology and services offerings for intelligence agencies.
Enlightenment Capital Raises $147M for 2nd Fund
Washington-based Enlightenment Capital’s more notable aerospace and GovCon investments have included Vistronix, Aurora Flight Sciences and Gleason Research Associates.
CACI Wins Potential $1.8B GSA Task Order to Support Pentagon’s Anti-IED Organization
GSA awarded CACI the potential five-year task order under the government-wide OASIS professional services acquisition vehicle.
Dell EMC Survey: Federal IT Execs Single Out Cloud as Govt’s Top Tech Trend
Dell EMC’s Cameron Chehreh and Steve Harris offer their perspectives on where agencies are focusing their IT efforts.
VMware Mobility Mgmt Software Obtains FedRAMP ATO From Census Bureau
VMware federal lead Bill Rowan said the software is built to help agencies defend and manage their mobile devices and applications.
Harris, Teammates to Build Florida’s Communications Infrastructure Under Potential $700M Contract
Harris critical networks segment lead Carl D’Alessandro said the team will build the system for agencies to collaborate with each other.
Raytheon Vet David Trulio Joins Lockheed’s Intl Arm in VP Role
Trulio will work to help the world’s largest defense contractor grow its footprint in the Latin America region and also oversee partnerships there.
Mercury to Purchase CES for $38M in Defense Tech & C4I Market Strategy
Defense technology maker Mercury will add new avionics and platform management products through the acquisition of Switzerland-based CES.

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