CACI International (NYSE: CACI) has completed its $550 million cash acquisition of the National Security Solutions business from L-3 Communications (NYSE: LLL) as part of a growth strategy to target enterprise information technology and intelligence markets. CACI said Monday it expects NSS, a mission services provider for the government sector, to c...
Reston, Virginia-based contractor Leidos Holdings (NYSE: LDOS) has agreed to a merger with the government information technology and services businesses of Lockheed Martin (NYSE: LMT) under a $5 billion, tax-free Reverse Morris Trust transaction to create the government services industry’s largest publicly-traded contractor by revenu...
Lockheed Martin (NYSE: LMT) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported fourth quarter earnings per share of $3.01 and $11.46 for its fiscal year 2015 to exceed the consensus estimates of Wall Street analysts for both figures by 7 cents and 8 cents respectively. Fourth quarter earnings topped...
Jan. 18 – Jan. 22 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Volatility in financial markets has become a fact of life all over the world and has sent investors questioning where the opportunities are in the midst of headwinds such as declining commodity pric...
TYSONS CORNER, VA, January 21, 2016 ” BAE Systems will support Sevatec as the latter maintains intelligence data on the websites of the U.S. Coast Guard‘s Intelligence Coordination Center as part of a Enterprise Acquisition Gateway for Leading Edge Solutions II contract, ExecutiveBiz reported Wednesday. Sevatec said Tuesday...
Shawn Kingsberry, formerly director of cloud solutions at Engility (NYSE: EGL), has joined Unisys (NYSE: UIS) as head of the information technology firm’s global digital government practice. Kingsberry will directly report to Mark Forman, vice president of the global public sector business at Unisys, and will work to guide publ...
Tiffanny Gates, formerly vice president of cyber strategies at Raytheon‘s (NYSE: RTN) Blackbird Technologies subsidiary, has joined Novetta as president of the company’s federal division. Gates will be responsible for the company’s projects for the U.S. government and for the division’s strategy, business development and...
Lockheed Martin (NYSE: LMT) will help to update the Internal Revenue Service‘s processing systems for paper tax filings, remittances and information returns under a five-year, $100 million contract. The company said Wednesday it will operate and maintain the IRS systems that convert paper-based submissions to their electronic forms, proce...
The Department of Homeland Security has awarded Vencore a five-year, $96 million task order to sustain information technology systems and applications for the U.S. Citizenship and Immigration Services agency. Vencore said Thursday it will support USCIS’ IT architecture, design, integration, delivery, testing and quality assurance activiti...
Anne Altman, general manager of IBM‘s (NYSE: IBM) U.S. federal and government industries, has confirmed her retirement after almost 30 years of work on both private and public sector programs, Federal News Radio reported Wednesday. Meredith Somers writes Sam Gordy, integrated systems group president at Leidos (NYSE: LDOS), will join IBM on Jan...
