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 weekâs assortment of stories GovCon Wire covered show.
To start, a group that noted market observer Bob Kipps described to GovCon Wire as the ânon-traditionalâ buyer gained a new member in the form of our countryâs 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.
Leidos, now the largest GovCon services company, lifted full-year earnings and revenue guidance in the companyâs first financial statement since the blockbuster merger with Lockheed Martinâs 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 ManTechâs third quarter earnings call, plus offered an outlook GovConâs 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.
Enlightenment Capital Raises $147M for 2nd Fund
Washington-based Enlightenment Capitalâs more notable aerospace and GovCon investments have included Vistronix, Aurora Flight Sciences and Gleason Research Associates.
Patrick Nicolet, formerly head of the competitiveness program and India operations at Capgemini, has been appointed as group chief technology officer. Capgemini said Friday Nicolet will oversee technology and innovation efforts as CTO and will continue to serve on the group executive board. Lanny Cohen, former group chief technology and innovation officer, will serve as chief innovation officer.
Speedcast International has signed a definitive agreement for a potential $100 million acquisition of UltiSat in efforts to establish a new government division and build on existing remote communications offerings to the public sector. Speedcast said Sunday the pending transaction with the U.S. government contractor is anticipated to complement the Speedcast portfolio for governments, nongovernment organizations and international
TYSONS CORNER, VA, Feb. 28, 2017 â Microsoft (Nasdaq: MSFT) has unveiled a new Cybersecurity Engagement Center in Mexico in efforts to support Latin American government and enterprise customers’ programs against cyber threats, ExecutiveBiz reported Monday. The company said Friday the center aims to drive response against cyber crimes, advance technical training and facilitate cyber collaboration