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Mary-Louise Hoffman

SAIC Reports Q2 Increase in Revenue, Operating Cash Flow; Wells Fargo Analysts Provide Stock Recommendation

Analysts at Wells Fargo Securities reiterated an outperform rating with a $92 price target for Science Applications International Corp.'s (NYSE: SAIC) stock after the government services provider announced its second quarter fiscal 2020 financial results.

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Deltek: IT Modernization, Cybersecurity, AI Adoption Efforts to Drive Federal Cloud Investment Through Fiscal 2024

A new Deltek report predicts that agency investment in commercial cloud computing products and services will increase from $5.3B in the current fiscal year to $9.1B by FY 2024. The federal cloud market is projected to see a 9.6 percent compound annual growth rate over the next five years as civilian agencies move to replace legacy information technology systems, bolster cybersecurity and incorporate artificial intelligence into IT operations.

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McAleese & Associates: Ellen Lord Highlights DoD’s Middle Tier Acquisition Approach at Press Briefing

Jim McAleese, founder of McAleese & Associates and 2019 Wash100 Award recipient, wrote about a recent press briefing where Pentagon acquisition chief Ellen Lord discussed ongoing procurement reform and innovation efforts at the Department of Defense. He noted that Lord, also a 2019 Wash100 awardee, hinted at proposed fiscal 2020 National Defense Authorization Act compromise on DoD's middle tier acquisition programs for an upcoming conference between the House and Senate Armed Services Committees.

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Mark Forman Appointed Digital Government VP at Unisys’ Federal Unit; PV Puvvada Quoted

Mark Forman, former head of the global public sector business at Unisys (NYSE: UIS), has been appointed as vice president of digital government within the company's federal arm. He will lead innovation efforts meant to help customer agencies manage mission outcomes through digital transformation and cloud computing approaches, Unisys said Monday.

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Mission Essential Holds Spot on Potential $17.1B DIA Support Vehicle

Mission Essential, a government contractor led by industry veteran Al Pisani, won a position on a potential $17.1B contract vehicle for global mission support services to the Defense Intelligence Agency and its components. The  company is among the 16 prime awardees of the DIA's Solutions for Intelligence Analysis 3 indefinite-delivery/indefinite-quantity contract.

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