A Note From Our President & Founder Jim Garrettson
Outlooks of the government contracting market’s future trajectory and its ongoing dynamics dominated the attention of sector leaders and observers this week, during which GovCon Wire helped capture the larger conversation.
Third quarter financial statements from the largest GovCon primes of course were part of that but of equal and sometimes greater interest to analysts is how the longer-term horizon looks for the largest players in an unprecedented year of change and reshaping.
We highlighted three of the week’s key CEO perspectives to investors in our “Top 10” list but want to single out Thursday’s comments from leaders at CACI, L-3 and Raytheon that described how they are positioning themselves in the market and making investments.
The ever-active CACI continues to look at the acquisition scene after it bought the NSS business from L-3 but has transitioned to a phase of striving for organic revenue growth, CEO Ken Asbury said.
For L-3 and Raytheon, the focus is primarily on technology-focused buys in new market channels.
Of particular note, Leidos CEO Roger Krone and CFO Jim Reagan will talk to Wall Street next Thursday morning to discuss third quarter results in that company’s first earnings call since its watershed merger into the former Lockheed Martin services business that closed Aug. 16.
In addition, GovCon Wire sat down with noted M&A and capital market observer Bob Kipps of investment bank KippsDeSanto to get his views on the industry’s health and how many larger players have returned to organic growth after years of contraction.
These 10 months so far have also seen previously inactive names — or what Kipps called the “non-traditional” buyer – enter GovCon’s acquisition environment and give a vote of confidence to the sector’s prospects for future growth opportunities.
Army Kicks Off $6B HR Support Contract Bids
Between 12 and 16 positions are up for grabs under the potential 10-year vehicle that will be awarded on a “best value tradeoff” sourcing method.
Shawn Julien, formerly senior director of human resources at General Dynamics‘ (NYSE: GD) information technology unit, has joined technology services provider REI Systems as chief people officer, according to his LinkedIn post. He brings to the role over two decades of experience overseeing HR functions for technology companies with a focus on leadership development, business
Dan Davis, a GovCon industry executive, has joined ASRC Federal as vice president of solution architecture. He announced his appointment in a LinkedIn post published Monday. Davis brings to the role his decades of experience leading strategic planning, business development, technology product design and development, systems engineering, procurement, project management, integration and testing initiatives. Prior
Federal contracting veteran Craig Reed has been named a strategic partner at Donovan Capital Group, a Virginia-based investment company focused on the aerospace, defense and government services industries, DCG announced Monday. “In addition to strengthening our investment team, Craig deepens our firm’s ability to guide the companies we work with,” said Claudio Ochoa, managing partner at