GovCon Index-listed companies Leidos Holdings (NYSE: LDOS) and Huntington Ingalls Industries (NYSE: HII) released third quarter financial results before markets opened Thursday with both contractors at different stages in major merger-and-acquisition activity. Leidos, the U.S.’ largest government services provider, raised f...
Military shipbuilder Huntington Ingalls Industries (NYSE: HII) has agreed to acquire government services contractor Camber Corp. for $380 million in a move to diversify revenue and add new information technology work with U.S. defense, intelligence and civilian agencies. Huntington Ingalls’ move for Camber comes in a year where other ...
Altamira Technologies has bought engineering services contractor APG Technologies for an undisclosed sum as part of efforts to strengthen existing customer relationships and expand geographic reach across the intelligence, defense and aerospace markets. APG works with customer agencies to help them manage complex information...
TYSONS CORNER, VA, Oct. 31, 2016 ” Tony Frazier, senior vice president of government solutions at DigitalGlobe (NYSE: DGI), has said DigitalGlobe’s acquisition of geospatial information services contractor The Radiant Group serves to support the former’s services business expansion efforts, ExecutiveBiz reported...
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...
Cognosante has purchased Business Information Technology Solutions for an undisclosed sum in a push to expand the former™s presence in the public health information technology sector. BITS will operate as a subsidiary and Founder and CEO Dan McQuay will continue to lead the business under the new ownership, Cognosante said Thurs...
TYSONS CORNER, VA, Oct. 27, 2016 ” Riverbed Technology‘s application performance management tools will be available via Microsoft‘s (Nasdaq: MSFT) public sector cloud marketplace as part of a partnership between the two companies, ExecutiveBiz reported Tuesday. Microsoft’s Azure Government Cloud Marketplace will offer gov...
Jennifer Mehall, formerly vice president of operations at Alaska Native government services contractor Chenega Corp., has been named senior vice president of the background investigation services group at CACI International (NYSE: CACI). Mehall will lead a team that provides background investigation support services to the Office of Person...
TYSONS CORNER, VA, Oct. 26, 2016 ” ICF (Nasdaq: ICFI) will provide information technology services to the National Institutes of Health‘s office of the chief information officer under a $14 million task order, ExecutiveBiz reported Tuesday. The recompete task order has a potential three-year period of performance and was awarded...
For the government technology services sector, the third quarter was strong and a step up from the prior years™ flat or shrinking activity throughout the industry, according to Bob Kipps, managing director at Tysons Corner-based aerospace and defense investment bank KippsDeSanto & Co. “Operationally, 2016 has been the year w...
