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Search Results for: HIG Capital

Fluor CEO David Seaton Succeeds Alan Boeckman as Fluor Chairman

Fluor Corp. CEO David Seaton has succeeded Alan Boeckman as chairman of Fluor’s board of directors. Seaton assumed the post Feb. 2 after Boeckman retired from the firm, Fluor announced Thursday. Boeckman had served as non-executive board chairman for a year after serving nine years as Fluor’s chairman and CEO. …

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Kratos Acquires Infrastructure Security, Public Safety Competitor

Kratos Defense & Security Solutions (NASDAQ: KTOS) has acquired assets of a publicly traded infrastructure security and public safety systems integrator for $20 million cash, according to a company announcement. Kratos said it expects the deal to increase its earnings per share in the year after closing and generate between $35 …

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CSC Names Mike Shove COO of Managed Services

Computer Sciences Corp. (NYSE: CSC) has named Mike Shove as chief operating officer of its managed services sector, the company announced in a release today. As COO, Shove will provide operational leadership throughout the organization,  and will focus his efforts on meeting financial commitments, improving operational competitiveness and ensuring delivery of exceptional client service. “Mike brings …

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SAIC, Red Hat Collaborate on DOD Cloud Platform, Adoption

Following a recently announced cybersecurity partnership with McAfee,  SAIC (NYSE: SAI) has embarked on a second collaboration with Red Hat Inc. (NYSE: RHT) to develop cloud computing technologies for the Defense Department, contractors and other businesses. The companies will work to capitalize on open source technologies and introduce commercial patterns and practices that reduce costs and …

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Neustar Profits Rise 11% in 3Q, EPS Up 21%

Neustar Inc. (NYSE: NSR) on Oct. 11 announced financial results for its third quarter ended Sept. 30, 2011. The company reported that it earned 51 cents per diluted share, a 21 percent increase over the same period a year ago. Neustar also said it generated $152.5 million in revenue, an 18 …

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CACI Releases Quarterly Financial Results; CEO Paul Cofoni Comments

CACI International (NYSE: CACI) released its fourth quarter fiscal year 2011 financial results on Aug. 18. CACI reported its diluted earnings per share rose 49.3 percent year-over-year to $1.44 from $0.96. Fourth quarter net income was $45.9 million, a 53.5 percent increase over $29.9 million in the 2010 period. The company’s revenue …

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General Dynamics to Acquire Vangent Inc. for $960M Cash; CEO Jay Johson Comments

General Dynamics (NYSE: GD) has definitively agreed to acquire the parent company of healthcare IT firm Vangent, Inc. for approximately $960 million in cash. General Dynamics expects the move to increase its earnings in 2012. Arlington, Va.-based Vangent employs 7, 500 workers and specializes in health informatics and information exchange, electronic health …

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Capstone Announces First Quarter Results

Capstone Infrastructure Corporation realized year-over-year increases in revenue and operating cash flow in the first quarter of 2011 while earnings were mixed over the period. CIC’s total revenue increased by $2.8 million, or 6.3 percent, over the first quarter of 2010. The company attributed the increase to improved wind conditions at …

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URS Completes Acquisition of Apptis Holdings for $260M

URS Corporation (NYSE: URS) has announced it has completed its acquisition of Apptis Holdings, Inc., a provider of complex information technology services to the federal government, for $260 million cash. The acquisition does not include Apptis’ product reseller subsidiary Iron Bow, which will continue to operate as an independent, stand-alone …

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Lattice Names Ralph Alexander CEO of Government Services, Expects Accelerated Growth

Lattice Incorporated has named Ralph Alexander CEO of its Government Services division. Alexander was most recently CEO of communications firm CLR Group, whose holding company, Cummings Creek Capital, Lattice recently acquired. “Ralph Alexander is a highly seasoned executive and a well-established financial leader with over three decades of experience in …

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