A Note From Our President & Founder Jim Garrettson
STG Group announced the next step in its journey as a publicly-traded government contractor this week with its first acquisition since the company started to offer its shares in the market.
Reston, Va.-based STG will pay $119 million for Preferred Systems Solutions, a provider of high-performance computing, analytics and cyber services to federal agencies including those in the intelligence community.
“We are advancing our technological agility and ingenuity to meet the most complex and demanding national security challenges facing the U.S.,” said STG President Phil Lacombe, also an inductee into Executive Mosaic’s 2017 Wash100 list of GovCon’s Most Influential Voices.
“(PSS) has proven excellence in data analytics, cyber security, high performance computing, acquisition and program management, and software development.”
Founded in 1986 by Chairman Simon Lee, STG became a public company in 2015 through its combination with acquisition firm Global Defense & National Security Systems.
The deal for PSS set to close during the first quarter comes nearly 17 months after STG went public and aims to align with an ongoing innovation push at many national security agencies.
With next-gen technology trends in mind, the Potomac Officers Club will host its 4th Annual Intel Summit next Wednesday morning at the Ritz-Carlton Tysons Corner for public and private executives to get insight from their peers on priorities for intelligence agencies.
The intelligence community’s landscape is undergoing an evolution in response to fast-emerging technologies, while current and future programs will have to adapt and stay ahead of those trends.
Our scheduled keynote speakers for the event include (pictured left-to-right above):
Robert Cardillo, director of NGA
Michael Morrell, retired acting director and deputy director of the CIA
John Adams, assistant director at the FBI’s intelligence directorate
Alaska Aerospace Corp. will continue to support the Missile Defense Agency’s flight test requirements under a potential $110.9 million indefinite-delivery/indefinite-quantity contract. Under the follow-on award, AAC will help manage launch facility and range operations at the Pacific Spaceport Complex Alaska located on Kodiak Island, the Department of Defense said Tuesday. The agency solicited one offer
Parsons‘ (NYSE: PSN) government services unit has won a potential $104.2 million contract to provide planning, design and construction services to the Missile Defense Agency’s facility restoration and modernization programs. The company will help MDA build sustainable infrastructure systems, update aging or damaged military facilities and manage leases under the MDA Real Property Program, the
Northrop Grumman (NYSE: NOC) has won a potential five-year, $3.29 billion contract from the Missile Defense Agency to design, build, test and deploy a next-generation weapon system for defending against ballistic missile strikes. The company will aim to produce Ground-Based Midcourse Defense software and hardware that would exceed the performance of the current GMD platform,