Home / Weekly Round-up / Executive Mosaic’s Weekly GovCon Round-Up: AWS Public Sector Summit & Company News and Top 10 Stories

Executive Mosaic’s Weekly GovCon Round-Up: AWS Public Sector Summit & Company News and Top 10 Stories

Weekly Roundup
June 25 – June 29, 2018

Executive Mosaic’s Weekly GovCon Round-Up: Larry Prior Joins the Carlyle Group; Firm Renews Federal Focus and Top 10 Stories

Jim Garrettson, Executive Mosaic CEO

Larry Prior Joins the Carlyle Group; Firm Renews Federal Focus

      The Carlyle Group has signaled a renewed focus in the federal market by hiring Larry Prior, CSRA’s former president and chief executive officer, and a four-time Wash100 winner, as an operating executive in its aerospace, defense and government services team. The move comes two years after Carlyle soldtheir remaining stake in Booz Allen Hamilton, after taking the company public in 2010 following an approximately $2.6 billion acquisition. In 2015, the private equity firm bought Novetta for an undisclosed sum, boosting its cyber analytics portfolio.

Highlighting his optimistic outlook for the country, David Rubenstein, Carlyle’s co-founder and co-executive chairman, commented on Bloomberg TV yesterday, “We might be in the longest cycle ever of economic growth.

      Carlyle said Prior will provide investment guidance on acquisition and sourcing, and give advice on growth strategies, operations and management. Prior commented he looked forward to offering expertise on consolidating the federal services market, as well as helping drive new value. Ian Fujiyama, a managing director within the A&D and government services group, expressed excitement at drawing on Prior’s experience.

      At CSRA, Prior spearheaded the company’s $9.7 billion acquisition by General Dynamics, which closed in April. Before that, as vice president and GM of Computer Sciences Corp.’s North American public sector business, he helped oversee the company’s 2015 merger with SRA International to form CSRA. Prior has also held senior leadership roles with BAE SystemsManTech InternationalSAICTRWLightPointe Communications and High Technology Solutions.

      Prior will join an established team assembled by Frank Finelli, a managing director overseeing U.S. national security investments, and a 2015 Wash100 winner. Before joining Carlyle, Finelli served as a legislative assistant to then-Senator Dan Coats, R-Ind. Currently the director of National Intelligence, Coats assumed office last year.

There are several key factors contributing to the significance of this announcement which should keep all eyes on Carlyle/Prior. They include:

  • Smart money (i.e., Carlyle; Veritas) leaning into the GovCon market;
  • A bias toward consolidation of large company M&A;

  • An improving economy;

  • The waning impact of sequestration;

  • The new administration’s commitment toward funding DoD, space, DHS, Intel and IT technology projects;

  • The availability of capital for investment;

  • More emphasis on delivery of products and services than on regulations;

  • The fact that LPTA has faded which should put upward pressure on margins;

  • The fact that technologies like artificial intelligence, machine learning, hypersonics and astonishing new edge processing capabilities will accelerate the replacement of legacy systems;

  • And the algorithmic race for superiority and exponential promise of quantum computing.

THIS WEEK’S TOP 10 NEWS STORIES

Weekly Contract Awards
This week’s top GovCon contract awards: Lockheed Martin, Pond-Woolpert JV, Serco, General Dynamics and Deloitte, among others.
Twelve Startups Pitch AI Tools to In-Q-Tel, Intelligence Community
In-Q-Tel, the intelligence community’s venture capital arm, has named Focal Systems as the winner of a competition that featured artificial intelligence tools from 12 startup companies.

VMware and Amazon Web Services have unveiled a hybrid cloud service designed to help government agencies accelerate migration of applications to the cloud and securely manage workloads through a common infrastructure.

DOE Taps Leidos for $365M National Energy Tech Lab Support Contract
Leidos has won a potential 10-year, $364.7 million contract from the Energy Department to provide research support services for DOE’s National Energy Technology Laboratory.
Shay Assad: DoD to Reduce Cost, Pricing Data Requirements in New Procurement Policy
Shay Assad, director of pricing, procurement and acquisition policy at the Defense Department, recently said that the agency will soon release a new policy that would help reduce the lead time for major procurements, Federal News Radio reported Thursday.
Kimberly Reed Nominated Export-Import Bank President
Kimberly Reed, former president of the International Food Information Council Foundation, has been nominated by President Donald Trump to serve a four-year term as president of the Export-Import Bank.
Christopher Donaghey, Tom Eldridge Take New SVP Roles at SAIC; Tony Moraco, Nazzic Keene Comment
Science Applications International Corp. has appointed two executives to new senior vice president roles in a move that takes effect immediately.

Randy Castro, formerly senior vice president of federal programs at AECOM’s technical services business, has joined Black & Veatch as president of its federal business.

Anne Rung, director of government sector at Amazon Business, has said adopting an e-commerce platform could help federal agencies manage spending transparency and compliance with acquisition policies, Federal News Radio reported Thursday.

NSA Moves Mission Data to IC GovCloud Platform; Greg Smithberger Comments
The National Security Agency has started migrating signals intelligence information, foreign surveillance and other intell data into a single classified cloud platform designed to help intelligence community analysts accelerate queries and generate insights from data, Nextgov reported Thursday.
Share
Tweet
Forward
Copyright © 2018 GovCon Wire, All rights reserved.

unsubscribe from this list    update subscription preferences

Check Also

Executive Mosaic’s Weekly GovCon Round-Up: AWS Public Sector Summit & Company News and Top 10 Stories

Weekly Roundup June 18 – June 22, 2018 Click here to see Real-Time GovCon Sector Quotes Executive …

Executive Mosaic’s Weekly GovCon Round-Up: SAIC’s Q1 Earnings and Top 10 Stories

Weekly Roundup June 11 – June 15, 2018 Click here to see Real-Time GovCon Sector Quotes Executive …