Tag Archives: featured

Military Vet Recruiter Orion Buys Novotus; Mike Starich Comments

Orion International, a military talent acquisition services provider to corporate clients, has purchased recruitment company Novotus for an undisclosed amount. Orion CEO Mike Starich said in a statement released Tuesday he believes the transaction works to combine the companies’ capabilities. Cory Kruse will continue to lead Novotus as president and aims …

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Engility Lands $82M Engineering, Intell Contract; Tony Smeraglinolo Comments

Engility (NYSE: EGL) will continue to provide classified systems engineering, intelligence analysis and program management services to the Defense Department under a five-year, $82 million contract. The company said Tuesday the sole-source renewal contract also includes records and data management support, financial and technical analysis and geographic information systems services. Tony Smeraglinolo, …

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Denis Cashman Appointed EMC CFO; Zane Rowe Named CFO at VMware

Denis Cashman, chief accounting officer at EMC (NYSE: EMC) and chief financial officer of the firm’s information infrastructure business, has been appointed corporate CFO at the company. Cashman, a 28-year finance veteran at EMC, will succeed the departing CFO Zane Rowe on March 1 and will oversee all financial operations …

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CACI to Help US Fleet Forces Command Maintain Computer Models; Ken Asbury Comments

CACI International (NYSE: CACI) has received a four-year, $35 million task order to perform program management and technical analysis on the U.S. Fleet Forces Command’s computer infrastructure. The company will work to maintain computer models ship components and hardware under the contract, CACI said Tuesday. “We will continue to support …

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Leidos to Merge With Lockheed IT, Gov’t Services Segments in $5B Tax-Free Deal

Reston, Virginia-based contractor Leidos Holdings (NYSE: LDOS) has agreed to a merger with the government information technology and services businesses of Lockheed Martin (NYSE: LMT) under a $5 billion, tax-free Reverse Morris Trust transaction to create the government services industry’s largest publicly-traded contractor by revenue, the companies said Tuesday. Both companies — …

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Lockheed Shows Profit Hike for 4Q, FY 2015 to Top Wall Street Estimates

Lockheed Martin (NYSE: LMT) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported fourth quarter earnings per share of $3.01 and $11.46 for its fiscal year 2015 to exceed the consensus estimates of Wall Street analysts for both figures by 7 cents and 8 cents …

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Rockwell Collins Inks Deal to Purchase Christie’s Matrix Projector Line

Rockwell Collins (NYSE: COL) has agreed to buy Christie Digital Systems’ Matrix series of projectors for an undisclosed sum in an effort to complement its training projectors and simulation offerings to aviation and military clients. The deal covers Christie’s Matrix SIM and Matrix StIM projectors and other software tools and is …

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DARPA Seeks Input on Anti-Submarine Bistatic Sonar System

The Defense Advanced Research Projects Agency has begun its search for an anti-submarine bistatic sonar system that works to maintain a ship’s stealth while in operation, Military & Aerospace Electronics reported Monday. John Keller writes DARPA seeks companies to develop active sonar sources, signal processing and undersea communications technology for …

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January 25 Market Close: GovCon Index Falls Back Into Correction Ahead of Earnings Week for ‘Big Five’ Contractors and Others

The GovCon Index retreated with a loss of 1.295 percent to 70.580 Monday in a move that puts the Index back into a correction, or 10 percent off its most recent high, for the second time this month. Monday’s plunge starts a week in which investors who follow defense and government contracting sectors await a batch of …

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GSA Seeks Proposals for Phase II Consolidated FBI HQ Construction Project

The General Services Administration has asked shortlisted contractors to submit proposals for the construction of a consolidated FBI headquarters building that will receive $1.4 billion in funds under President Barack Obama’s budget for fiscal year 2017. The FBI Headquarters Consolidation Project is part of GSA’s program to comply with the administration’s …

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