Search Results for: Ken Asbury

Belcan Agrees to Buy Schafer, Taps Lee Shabe to Lead Newly Formed Govt Services Segment

Belcan, a portfolio company of private investment firm AE Industrial Partners, has agreed to buy Schafer Corp. from Metalmark Capital Partners for an undisclosed amount in a move to expand its technical and engineering service offerings. Both companies expect to complete the transaction in the second quarter of 2017, Belcan said Thursday. Belcan CEO …

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Army Exercises $51M Option in CACI’s Integrated Personnel & Pay System Contract

CACI International (NYSE: CACI) has received a $50.5 million contract modification from the U.S. Army to continue support for the Integrated Personnel and Pay System-Army  program. The Defense Department said Tuesday the modification exercises option period one and work will occur in Arlington, Virginia through March 31, 2019. The Army Contracting Command will obligate $2.6 …

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January 31 Market Close: GovCon Index Flat to Record Monthly Loss, Aerospace Primes Lead Declines

Executive Mosaic’s GovCon Index closed flat Tuesday with large prime aerospace contractors the main laggards and services companies the predominant gainers as U.S. stocks also fell on continued investor uncertainty over White House policies. GovCon Index decliners outnumbered gainers 18-12 as three of its 11 S&P 500 components advanced with co-listed McKesson Corp. (NYSE: …

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Roundup of 2016: The Year in Deals, Industry Landscape Changes & more

Our Roundup of 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Calendar year 2016 in the government contracting sector seemed to constantly give us a changing landscape to evaluate and try to forecast the short- and long-term effects of each significant development. …

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L-3 Unveils New Name & Rebranding to Reflect Technology Strategy Shift

L-3 Communications (NYSE: LLL) will transition to the new name of L3 Technologies on Dec. 31 in an effort to reflect the New York City-based defense contractor’s repositioning as a provider of technology products. The company will also transition its portal to the new address L3T.com and update the corporate logo while its New …

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Booz Allen CFO Ties $250M Aquilent Deal to ‘Vision 2020’ Digital Services Strategy

Booz Allen Hamilton (NYSE: BAH) Chief Financial Officer Lloyd Howell characterized to investors Wednesday the firm’s pending $250 million acquisition of digital services contractor Aquilent announced Tuesday as a “tuck-in, capability-based” versus other large scale-focused transactions in the industry over the past year. Howell told attendees of the Credit Suisse Industrial Conference in Palm Beach, …

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L-3 Strikes Potential $315M Deal to Buy Aviation Security Tech Maker MacDonald Humphrey

L-3 Communications (NYSE: LLL) has purchased U.K.-based aviation security technology maker MacDonald Humfrey Automation in a deal potentially worth up to $315.5 million for an effort to add new automation and robotic tools for deployment at airports worldwide. The deal comes nearly one month after L-3 said it would purchase Implant Sciences‘ explosive trace …

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5 Firms Get $200M in Contract Modifications Under Air Force Cyber Tech Devt Program

The U.S. Air Force has awarded five companies contract modifications worth $200 million combined to help the military branch develop, prototype, demonstrate, evaluate or transition cyber technology platforms. Work will occur at various contractor facilities in Alabama,  New York and Virginia through Jan. 31, 2019, the Defense Department said Thursday. The modifications …

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L-3 Signals More Acquisitions This Year, CACI & Raytheon Pivot to Organic Growth Focus

Differing acquisition strategies among government services contractors and defense primes became a main discussion topic analysts raised in earnings calls Thursday morning with three GovCon companies that stated financial results. L-3 Communications (NYSE: LLL) hinted it could make more acquisitions this year with three announced already so far, while CACI International (NYSE: CACI) and Raytheon (NYSE: RTN) all signaled …

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CACI Lowers Earnings Outlook as 1Q Results Top Street

CACI International (NYSE: CACI) lowered full-year earnings per share guidance Wednesday as first quarter EPS and revenue exceeded Wall Street analyst forecasts on continued contributions from the National Security Solutions business acquired in February from L-3 Communications (NYSE: LLL). GovCon Index-listed CACI now expects earnings for its 2017 fiscal year started Oct. 1 of $5.98-$6.37 per share versus the prior …

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