Weekly Roundup June 4 – June 8, 2018 Click here to see Real-Time GovCon Sector Quotes Executive Mosaic’s Weekly GovCon Round-Up: Northrop Concludes Acquisition of Orbital ATK and Top 10 Stories Jim Garrettson, Executive Mosaic CEO Northrop Concludes Acquisition of Orbital ATK This year has seen significant M&A activity, as …
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A new PwC report says the aerospace and defense sector recorded $728 billion in 2017 revenue, reflecting a 4 percent increase from the previous year. PwC reported that A&D companies posted a combined operating profit of $77 billion in 2017 with an on operating margin of 10.6 percent, up from 9.3 percent in …
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General Dynamics‘ (NYSE: GD) information technology unit has received a $93.2 million contract modification from the U.S. Navy to modernize a system used to manage the service branch’s personnel records. The modification falls under a previously awarded indefinite-delivery/indefinite-quantity contract and includes upgrade work on the Navy Standard Integrated Personnel System Enterprise Resource Program system, the Defense …
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John Walsh, formerly vice president of homeland security programs at CSRA, has joined Science Applications International Corp. (NYSE: SAIC) as senior VP and general manager of the information technology solutions market segment. He will succeed the retiring Dan Harris and report directly to Nazzic Keene, chief operating officer at SAIC, the …
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A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector hit $15 billion in the first quarter of fiscal 2018, reflecting a 28 percent increase over the previous quarter and a 19 percent rise from the same period last year. PwC reported that global …
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Weekly Roundup April 9 – April 13, 2018 Click here to see Real-Time GovCon Sector Quotes GDIT Adds Former CSRA Execs, More Industry Executive Moves & Wash100 Update Jim Garrettson, Executive Mosaic CEO This week, General Dynamics Information Technology added five former CSRA executives to its leadership, following the April 3rd completion of its $9.7 billion purchase of …
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General Dynamics (NYSE: GD) has named five former CSRA executives to its information technology business’ leadership team after it completed its approximately $9.7 billion acquisition of the Falls Church, Virginia-based government IT services contractor early this month, the Washington Business Journal reported Monday. Amy Gilliland, a 2018 Wash100 recipient, serves …
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KippsDeSanto & Co. said it believes General Dynamics’ (NYSE: GD) acquisition of CSRA shows the continued focus of government technology sector buyers on efforts to build up scale and expand next-generation information technology capabilities through mergers and acquisitions. General Dynamics’ IT business will realize approximately $10 billion in annual revenue following …
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The U.S. Navy has initiated several measures to avoid any potential organizational conflict of interest that may emerge following the completion of General Dynamics’ (NYSE: GD) $9.7 billion acquisition of CSRA. The Naval Sea Systems Command said Tuesday it asked General Dynamics and CSRA to hand over to a third party …
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General Dynamics (NYSE: GD) has concluded its approximately $9.7 billion acquisition of CSRA (NYSE: CSRA) in a push to establish a combined government information technology services contractor. CSRA will operate as part of General Dynamics’ IT business and will stop trading on the New York Stock Exchange as a result of …
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