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Tag Archives: Exelis

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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Weekly Roundup December 5 – December 9, 2016: Vectrus Brings Aboard New CEO & more

December 5 – December 9, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson GovCon industry leaders and observers welcomed Vectrus to the government services landscape in the autumn of 2014 and this week marks the beginning of a new era for …

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Former IBM Govt Lead Chuck Prow Appointed CEO at Vectrus

Chuck Prow, a former head of IBM‘s (NYSE: IBM) global government business and a 12-year Big Blue veteran, has joined Colorado Springs-based government services contractor Vectrus (NYSE: VEC) as CEO and board of directors member in a transition that took effect Tuesday. Vectrus announced the transition in a Tuesday release and said Ken …

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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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Weekly Roundup October 3 – October 7, 2016: L-3 Makes Buys, M&A Chatter Around Harris & more

October 3 – October 7, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The stalwart GovCon technology maker L-3 Communications extended its profile as an active player in the merger-and-acquisition scene this week and closed its first buys since a large business divestiture …

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September 30 Market Close: GovCon Index Held By Vectrus Plunge Against S&P Gain, Post 2nd Straight Down Month

Executive Mosaic’s GovCon Index failed to reverse its steep morning decline Friday despite a significant gain by the S&P 500 as a record intraday plunge by Vectrus (NYSE: VEC) on a large contract loss weighed on the GCI against a 2-to-1 ratio in favor of green stocks. Six of the GovCon Index’s 11 S&P 500 …

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Weekly Roundup August 15 – August 19 2016: Leidos Doubles, M&A Wheels Keep Turning & more

August 15 – August 19 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The long-awaited, much-anticipated and well-documented merger of Leidos into the now former Lockheed Martin information technology and technical services business completed on Tuesday. As if GovCon observers needed reminding, Leidos doubles to $10 …

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Exelis Vet Ann Davidson Joins L-3 as SVP & General Counsel

Ann Davidson, former senior vice president, chief legal officer and corporate secretary at Exelis, has joined L-3 Communications (NYSE: LLL) as SVP, general counsel and corporate secretary. Davidson will report to L-3 CEO Michael Strianese and succeed the retiring Steven Post, the New York City-based defense technology contractor said Monday. “Ann brings to …

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Vectrus Lifts 2016 Earnings, Revenue Guidance

Vectrus (NYSE: VEC) has lifted full-year earnings and revenue guidance on improved outlooks in cash flow for the 2016 second half and expectations of extra payments on debt. The Colorado Springs-based government communications services contractor now expects earnings per share in the $2.07-$2.32 range versus the previous $2.02-$2.31 range with revenue of $1.18 billion-$1.2 billion compared to …

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Harris FY 2017 Guidance Below Street Estimate, 4Q Swings to Profit as Radio Maker Inks Board Appointment Pact With Jana Partners

Harris Corp.’s (NYSE: HRS) guidance for its 2017 fiscal year started July 4 came in below Wall Street’s consensus forecast before markets opened Tuesday as the communications technology contractor anticipates pressure in its tactical and maritime energy businesses to continue. Melbourne, Florida-based military radio maker Harris cited global oil price declines …

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