QinetiQ Group’s U.S. arm has agreed to buy Avantus Federal from NewSpring Holdings for approximately $590 million to expand its U.S. footprint and establish a growth platform to address the defense and intelligence challenges facing government clients. QinetiQ US said Friday it expects the acquisition to close by the end of calendar year 2022, pen...
Applied Research Associates has won a potential 10-year, $582 million contract to provide operational support to the Defense Threat Reduction Agency’s research and development directorate The New Mexico-based company will implement R&D enabling capabilities for the directorate, which is tasked with helping the U.S. military counter weapons of ...
Parsons (NYSE: PSN) has raised full-year sales guidance to reflect improved organic performance for the 2022 second half and the company’s $388 million acquisition of Xator that closed May 31. The Centreville, Virginia-based company said in its second quarter earnings statement it now expects revenue in the $3.95 billion-$4.15 billio...
Maximus (NYSE: MMS) has updated earnings per share guidance for its 2022 fiscal year, primarily due to third quarter results that include an $11.7 million writedown in a contract outside the company’s U.S. segment. The Tysons, Virginia-based government services provider now expects diluted EPS of between $2.85 and $3.05, compared to the previo...
John Mengucci, president and CEO for CACI International, was presented his 2022 Wash100 Award by Executive Mosaic CEO Jim Garrettson during a recent visit to the company’s office. Executive Mosaic is excited to announce and recognize John Mengucci as a three-time winner of the most prestigious award in all of government contracting (GovCon), w...
Flashpoint has purchased open-source intelligence provider Echosec Systems for an undisclosed sum to broaden its OSINT capabilities to deliver geopolitical risk assessments, situational awareness, misinformation identification, counterterrorism and crisis response support to national security, public safety and commercial safety customers. Echosec i...
TYSONS CORNER, VA, Aug. 5, 2022 — Sunny Singh, president and CEO of Aeyon, has listed complementary company cultures and business approaches as some of the main considerations when investigating potential merger and acquisition moves, ExecutiveBiz reported. In an interview, Singh expressed belief that contracts and revenue weren’t the cause ...
HII (NYSE: HII) will research, develop, test and evaluate emerging technologies for the Defense Security Cooperation Agency under a potential five-year, $127 million task order awarded under the Department of Defense Information Analysis Center multiple-award contract. The company said Wednesday it will develop hardware and software capabilities, co...
When asked about the human part of the equation in digital transformation, Wanda Jones-Heath says organizations have to “leave the old thought behind.” “Today’s environment will not let us win against China in the future. And we have to think about, as we become more digital, become more automated, what are the things that we can...
CIS Secure Computing, a portfolio company of private equity firm HKW, has acquired Intrepid Solutions and Services in a move to expand technology products and service offerings for the U.S. intelligence community and defense market. Financial terms of the transaction were not disclosed and Intrepid said Wednesday it brings experience in providing su...
