A Note From Our President & Founder Jim Garrettson
The stalwart GovCon technology maker L-3 Communications extended its profile as an active player in the merger-and-acquisition scene this week and closed its first buys since a large business divestiture earlier this year.
In addition, we also may have a parallel situation with another notable GovCon identity that could pursue a similar path to that of L-3 in a diversion away from government services to a more product- and platform-focused strategy.
L-3 has started to put a small portion of its $550 million warchest from the February sale of its services segment to work in pair of deals GovCon Wire covered this week that represent the New York City-based contractorâs new approach.
L-3 COO Chris Kubasik foreshadowed the possibility of deals in October when he told investors the contractor had âkicked up the intensity a notchâ in its M&A strategy with nearly âa dozen or so propertiesâ as possibilities in commercial and defense.
We now also have to keep an eye on fellow defense electronics maker Harris Corp. for possible M&A-related developments there on the sell side of the equation.
According to Reuters, Harris has started work to divest some assets in an attempt to fetch around $1.5 billion total and continue its own portfolio reshaping effort.
The Melbourne, Florida-based radio maker struck a deal with activist investor Barry Rosensteinâs hedge fund Jana Partners in August to add two new board members and those appointments were revealed one month later.
The satellite communications industry is undergoing a major transformation. With a growing commercial presence, rising geopolitical tensions and an intensifying race for technological dominance, the space domain is poised for dramatic innovation and discovery. Executive Mosaic spoke with Intelsat CEO Dave Wajsgras in a new video interview to find out what’s driving space and satellite communications trends,
With only a week left in voting, there is officially no more time to procrastinate contributing to the 2023 Wash100 Award popular vote contest. When voting closes on Friday, April 28, submissions will be tabulated and the top 10 most beloved government contracting — and industry adjacent — executives will be decided. The Wash100 is a
The final two weeks of Executive Mosaic’s Wash100 Popular Vote contest have begun, with the top 20 inductees receiving more votes than the previous week. Carahsoft President Craig Abod, a nine-time award recipient, still has the most supporters keeping him at the top spot. Microsoft Federal President Rick Wagner and Defense Secretary Lloyd Austin maintained their second and third positions,