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Tag Archives: Acquisition

Inmarsat’s Rebecca Cowen-Hirsch: Current Gov’t Satcom Procurement Model Not Fit for Complex Acquisition Demand

TYSONS CORNER, VA, Dec. 30, 2016 — Rebecca Cowen-Hirsch, senior vice president for government strategy and policy at Inmarsat, has stated that the government’s current satellite communications procurement model is fragmented and unable to address new complex demand, ExecutiveBiz reported Dec. 22. “The government should no longer follow a procurement …

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Leonardo Buys Remaining Sistemi Dinamici Shares in Unmanned Tech Portfolio Expansion Push

Leonardo, then Finmeccanica, has purchased the remaining 60 percent of shares in Pisa, Italy-based Sistemi Dinamici from systems engineering firm IDS for an undisclosed sum in a strategy to expand Leonardo’s portfolio of unmanned systems. The transaction includes the acquisition of Sistemi’s SD-150 Hero unmanned helicopter program and will allow Leonardo to combine its …

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Roper Technologies Completes $2.8B Deltek Buy

Sarasota, Florida-based industrial and technology conglomerate Roper Technologies  (NYSE: ROP) has wrapped up its acquisition of Deltek for $2.8 billion. Roper completed the transaction three weeks after it agreed to purchase Deltek from private equity firm Thoma Bravo. Roper said Wednesday it funded the deal with cash on hand, funds under its credit facility …

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GSA Green-Lights Small Biz Portion of Human Capital & Training GWAC Vehicle

The General Services Administration has issued a notice to proceed for the small-business portion of a potential $11.5 billion governmentwide acquisition contract vehicle meant to help agencies access customized human capital strategy, organizational performance, training and development support services. Stephanie Kenitzer, a GSA community manager, writes in a blog entry posted Nov. 28 …

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Wayne Lewandowski: Vormetric Explores Data Transformation, Cloud After Acquisition

TYSONS CORNER, VA, Dec. 8, 2016 — Wayne Lewandowski, vice president of federal operations at Vormetric,  has said data transformation and cloud are two areas that the data protection technology provider is exploring following its acquisition by Thales Group. He told ExecutiveBiz in an interview published Wednesday that Thales, in turn, is looking …

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Roper Technologies to Purchase Deltek for $2.8B

‎Sarasota, Fla.-based industrial and technology conglomerate Roper Technologies (NYSE: ROP) has agreed to purchase software and information product provider Deltek for $2.8 billion from private equity firm Thoma Bravo. Roper said Tuesday it expects to complete the transaction before the year’s end and will fund the deal through its existing …

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December 5 Market Close: GovCon Index Hits First 90-Point Close, HII & Services Gains Offset Prime Declines

Executive Mosaic’s GovCon Index closed above the 90-point mark for the first time since its October 2014 inception as Huntington Ingalls Industries (NYSE: HII) and services contractors led gains to offset declines by Northrop Grumman (NYSE: NOC) and other defense primes on a positive day for U.S. stocks. Monday’s strong performance restarts a post-election …

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Huntington Ingalls Launches $1B Govt Services Segment As $380M Camber Buy Closes

Huntington Ingalls Industries (NYSE: HII) has officially launched its new government services business segment upon the completion of the Newport News, Virginia-based military shipbuilder’s $380 million purchase of Camber Corp. announced in November. Huntington Ingalls said Friday the segment will operate under the name of HII Technical Solutions and offer professional services to government and commercial customers worldwide as Camber joins …

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Harris to Sell Maritime Comm Business for $425M, First Divestiture Since Jana Pact

Harris Corp. (NYSE: HRS) has agreed to sell its maritime energy communications business to global satellite services company SpeedCast International for $425 million in the military radio maker’s first divestiture since its August agreement with activist hedge fund Jana Partners. This move is part of Harris’ larger effort to examine non-core businesses and …

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Harris & Engility Top Wall Street’s Quarterly Earnings Forecasts, KBR Reports 3Q Net Loss

Three GovCon Index-listed government contractors and one also included in the S&P 500 composite index posted quarterly financial results before markets opened Tuesday. Co-listed Harris Corp. (NYSE: HRS) posted fiscal year 2017 first quarter results above Wall Street’s consensus forecasts and in conjunction announced a $425 million sale of its CapRock communications business as …

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