A Note From Our President & Founder Jim Garrettson
Government contractingâs M&A and financial aspects took center stage again this week and GovCon Wire hit on all the major events as Executive Mosaicâs home of market-moving news for the sector.
On Tuesday, Leidosâ executive team detailed the contractor’s financial and strategic outlook to analysts at the New York Stock Exchange for its annual âInvestor Dayâ that centered around one major topic: the mega-merger with Lockheed Martinâs services segment.
Analysts had plenty of questions for dual 2016 Wash100 inductees CEO Roger Krone and CFO Jim Reagan on Leidosâ three-year strategy and changing market dynamics.
GovCon Wireâs full recap of the Leidos NYSE Investor Day is available here.
Engility was one of the early players in GovCon services consolidation via the acquisition of its Chantilly, Virginia neighbor TASC first announced in October 2014 and closed four months later.
Engility started the week on the front foot with second quarter earnings released Monday that âBeat The Streetâ and analysts subsequently asked CEO Lynn Dugle and CFO Wayne Rehberger about the contractor’s organic growth-focused strategy.
This week also marked a rare entry of an activist investor into the GovCon market as Barry Rosenstein’s Jana Partners hedge fund disclosed a stake in Harris Corp. and reached an agreement with the radio maker on two mutual board appointments.
Jana’s reputation among the investment and general business media communities is to quietly push for changes as opposed to the more high-profile, aggressive likes of Carl Icahn and Bill Ackman.
Next week features two major earnings calls from CSC and its government spinoff CSRA in light of the formerâs agreement to merge with HPEâs enterprise services segment that includes a significant public sector piece.
Mac Curtis, chairman and CEO of Perspecta, has received a Wash100 Award, the most significant award of consequence to the government contracting (GovCon) sector, for the seventh consecutive year. Curtis has been recognized every year since 2015 for his leadership, reliability and innovative contributions to the federal landscape and GovCon sector. “Mac Curtis is not
Perspecta, the Chantilly, Virginia-based government technology services contractor, announced in January that it will be acquired by Veritas Capital for $7.1 billion in cash, or $29.35 per share. Veritas Capital, which holds approximately 14.5 percent of Perspecta’s outstanding shares, intends to combine Perspecta with Peraton, another government technology provider and a portfolio company. One of
Executive Mosaic is pleased to recognize Mac Curtis, chairman and CEO of Perspecta, as a seven-time Wash100 Award recipient after receiving his 2021 Wash100 Award for his leadership and vision in the advancement of cybersecurity, intelligence and defense technologies through significant contract award wins and other moves. Executive Mosaic congratulates Mac Curtis and the Perspecta team on their selection to receive this award.