Home / News / Weekly Roundup February 21 – February 24 2017: STG Starts Next Chapter w/ Intell-Focused Buy & more

Weekly Roundup February 21 – February 24 2017: STG Starts Next Chapter w/ Intell-Focused Buy & more

Weekly Roundup

February 21 – February 24 2017

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
  • Jason Matheny, director of IARPA

Click here to register now and save your seat at this important and timely forum.

THIS WEEK’S TOP 10 GOVCON STORIES

Dan Allen to Retire as Chairman & CEO of Serco’s North American Arm
Allen has led the Serco Inc. business for nearly three years and oversaw its efforts to grow transportation and healthcare market sales.
Govt Services Vet Tina Dolph Joins FCi Federal in EVP, GM Role
Dolph’s 25-year GovCon career includes her more recent group president position at ASRC Federal and COO at PAE.
MacDonald Dettwiler to Purchase DigitalGlobe in $3.6B Deal
DigitalGlobe agrees to be acquired almost four years after its merger with then-rival satellite imagery company GeoEye.
Aerojet Rocketdyne Agrees to Buy L3’s Coleman Aerospace Subsidiary
Coleman builds launch vehicles and payloads for customers such as the Missile Defense Agency and Air Force Research Laboratory.
BAE’s US Arm Acquires IAP Research to Support Weapon Systems Devt Programs
IAP has acted as a subcontractor to BAE Systems Inc. on electromagnetic railgun programs for at least 10 years.
VA, DoD Vet Keith Seaman Joins BizFlow as Federal Market Strategic Growth VP
Seaman is a former Veterans Affairs CIO and also served as a director of defense business systems acquisition for DoD.
Air Force Awards $925M in Cryptographic & Info Assurance Tech Support IDIQs
Twelve companies won a position on this pair of potential 10-year contract vehicles.
Onvia Forecasts GovCon’s Top 10 Growth Areas for 2017
Analysts at the government business intelligence company identified infrastructure-related services and IT as “hot spots” for vendors.
SAIC Inaugurates 1st Amphibious Combat Vehicle Prototype for Marine Corps
BAE Systems Inc. and SAIC are vying for the contract to build the service branch’s next ship-to-shore transportation vehicle.
5 Firms Win Spots on Navy Chief of Information HQ Support Contract
Awardees will compete for task orders to perform services such as visual information systems and imagery marketing.

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