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Arlington Capital Partners Announces Strategic Investment in Octo Consulting; Mehul Sanghani Quoted

Arlington Capital Partners announced its strategic investment in Octo Consulting Group on Thursday.  Octo develops solutions for federal government clients in health care, national security, civilian and defense agencies. The company’s expertise with Agile software development, UI/UX, cloud, infrastructure, blockchain and other emerging technologies enable agencies to modernize their infrastructure. …

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February 27 Market Close: GovCon Index Hits Record Close on Trump Military Budget Proposal

Executive Mosaic’s GovCon Index closed at an all-time record high Monday with large aerospace-and-defense primes the main contributors to gains after President Donald Trump unveiled his proposal to raise military spending 9 percent for the next federal fiscal year. U.S. stocks also posted small gains as the benchmark S&P 500 composite …

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Harris to Sell Govt IT Services Business to Veritas Capital for $690M

Harris Corp. (NYSE: HRS) has agreed to sell its government information technology services business to private equity investment firm Veritas Capital for approximately $690 million in the military radio maker’s second major divestiture over less than one month as part of its larger portfolio reshaping effort. The deal comes approximately three weeks …

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New CEO Chuck Prow: Vectrus Looks to ‘Fuse Physical & Digital Aspects’ of Logistics Work

Facility and logistics services provider Vectrus (NYSE: VEC) will continue to prioritize information technology and network communications as areas of pursuit for potential growth as the company looks ahead to 2017, its newly-appointed CEO has told GovCon Wire. Colorado Springs-based government services contractor Vectrus has $1.5 billion in bids for new …

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Leidos Boosts Full-Year Guidance on 3Q Earnings Beat, Huntington Ingalls Misses Street’s Estimates

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 full-year guidance for both earnings per share and revenue as third quarter EPS exceeded the …

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Harris, Capstone Vet Richard White Joins Space Systems Loral as US Govt Lead

Richard White, a 31-year veteran from Harris Corp. (NYSE: HRS) and former CEO of government services contractor Capstone Corp., has joined spacecraft system and satellite manufacturer Space Systems Loral to lead SSL’s U.S. government business as a senior vice president. Palo Alto, Calif.-based SSL said Thursday White will be based out of …

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ManTech Tops Street’s 2Q Earnings Forecast, Reports 19% Profit Jump

ManTech International (Nasdaq: MANT) reported second quarter earnings Wednesday that topped the consensus analyst estimate in part on task order awards for cybersecurity support services to federal agencies. GovCon Index-listed ManTech said second quarter earnings came in at 39 cents per share versus Wall Street’s forecast of 35 cents and the company also adjusted full-year …

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IBM Vet David McOmber Joins QTS as Public Sector, Federal Sales Head

David McOmber, a two-decade IBM (NYSE: IBM) veteran and a former vice president in Big Blue’s federal business, has joined data center and cloud computing services contractor QTS Realty Trust (NYSE: QTS) as executive VP of public sector and federal sales. QTS said Monday McOmber will also work to build relationships across its …

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Lynn Dugle: Engility Shifts to Organic Growth Focus, Seeks $5B in New Bids

Engility Holdings (NYSE: EGL) expects to start seeing some organic sales growth in the second half of this year as the company has finished the integration of fellow government services contractor TASC one year out from that acquisition’s closure, CEO Lynn Dugle told investors Thursday. Chantilly, Virginia-based Engility has nearly $3.5 billion …

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Engility Closes TASC Purchase

Engility Holdings (NYSE: EGL) has closed its $1.3 billion all-stock purchase of TASC to create a company with more than 10, 000 employees and approximately $2.5 billion in revenue based on 2014 figures, the companies said Thursday. Engility expects the transaction to increase its earnings per share starting in 2016 after adjustments …

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