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Tag Archives: Acquisition

ManTech Reports Increase in FY 2017 Revenue, Operating Income; Kevin Phillips Comments

ManTech International (Nasdaq: MANT) posted $1.72 billion in revenue for the full fiscal year 2017 that ended Dec. 31, up from $1.6 billion in FY 2016. ManTech said Wednesday it recorded $98.2 million in FY 2017 operating income, which reflects an 8 percent increase from the previous fiscal year. The company …

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On Assignment Plans $775M ECS Federal Acquisition; Peter Dameris, George Wilson Comment

On Assignment (NYSE: ASGN) has agreed to purchase Fairfax, Virginia-based technology and engineering firm ECS Federal for $775 million from majority owner Roy Kapani and investment company Lindsay Goldberg. ECS and its current leadership team will continue to operate under its brand name as a division of On Assignment, the …

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VMware May Buy Dell in Potential ‘Reverse Merger’

Jan. 29–Dell Technologies might be pursuing a reverse merger with VMware, as reported Monday in Yahoo Finance. According to people familiar with the matter, in what might likely be biggest deal in the history of the tech industry. The reverse merger, where VMware’s $60 billion cloud computing and virtualization software company …

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Former Acting Navy Secretary Sean Stackley Joins L3 in Corporate VP Role

Sean Stackley, former acting secretary of the U.S. Navy, has been appointed corporate vice president for strategic advanced programs and technology at L3 Technologies (NYSE: LLL). L3 said Monday Stackley will report to Heidi Wood, senior VP for corporate strategy and technology, and oversee growth strategies intended to synchronize the company’s technology …

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Carey Smith: Parsons’ Williams Electric Acquisition to Boost Control Systems Portfolio

TYSONS CORNER, VA, Dec. 4, 2017 — Carey Smith, federal group president at Parsons, said the company sees new opportunities in the control systems sector following its acquisition of control systems integration firm Williams Electric, ExecutiveBiz reported Friday. Smith, an inductee into Executive Mosaic’s Wash100 for 2017, told the Pasadena Star-News in …

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Report: DoD IG Lauds USAF Acquisition Strategy, Risk Mgmt for Bomber Program

The Defense Department’s inspector general has said the U.S. Air Force developed a “comprehensive” risk management process and procurement strategy to support its $80 billion B-21 bomber aircraft program, Bloomberg reported Monday. DoD IG said in the redacted version of its audit report that the bomber program has “clearly defined” warfighter requirements …

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ServiceNow’s Bob Osborn: ‘Service-Aware Enterprise’ Can Help Agencies Understand Security Risks

Bob Osborn, chief technology officer for federal at ServiceNow (NYSE: NOW), has said that federal agencies should implement a “service-aware capability” to understand security risks and increase awareness of real-time computing boundaries as they receive and process data derived from internet-connected devices. Osborn wrote that agencies seeking to maintain contextual …

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Kingswood Closes Versar Acquisition, Names New CEO for Project Mgmt Firm

Versar has gone private after the close of its acquisition by an affiliate of investment firm Kingswood Capital Management via a tender offer of $0.15 per outstanding share and a second-step merger. The formerly publicly traded project management company said Tuesday the new capital structure serves to build on its long-term strategic goals. …

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SSL’s Rob Zitz: Maxar Turns to ‘Persistent’ ISR With Eye Toward US Gov’t Customers

TYSONS CORNER, VA, Nov. 1, 2017 — Rob Zitz, chief strategy officer of Space Systems Loral‘s government systems unit, has said the new company that resulted from MacDonald, Dettwiler and Associates‘ acquisition of DigitalGlobe will leverage intelligence, surveillance and reconnaissance offerings in its push toward the U.S. government market, ExecutiveBiz reported Thursday. Via …

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NTT Data Lands $82M Contract Extension for Navy Submarine Lifecycle Mgmt Support; Tim Conway Comments

An NTT Data division has received a potential two-year, $82 million contract extension from the U.S. Navy to continue to provide lifecycle management and acquisition support for the service branch’s submarine fleet. The Naval Sea Systems Command awarded the extension to NTT Data Services as an option to the previously awarded …

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