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Tag Archives: government services

AECOM Board OKs Management Services Group Spinoff Plan

The board of directors at AECOM has approved the company’s plan to separate its management services business as a new publicly traded company that will primarily serve national government clients. AECOM said Monday it expects to complete the spinoff in the second half of its 2020 fiscal year and retain John Vollmer, the segment’s president and a 2019 Wash100 winner,  along with the current management team in the leadership of the future independent company.

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Bill Weber: Upcoming $815M KeyW-Jacobs Combination Built on Growth Strategy, Organizational Fit

TYSONS CORNER, VA, May 1, 2019 — Bill Weber, president and CEO of KeyW (Nasdaq: KEYW), indicated the company’s planned $815M merger with Jacobs Engineering Group (NYSE: JEC) is in line with its effort to deploy capital in support of growth initiatives, ExecutiveGov reported April 22. “In Jacob Engineering, we …

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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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KBR Announces Fourth Quarter and Fiscal 2018 Financial Results, Guidance for Fiscal 2019

On Tuesday, KBR revealed the company’s fourth quarter and financial results for fiscal 2018 and announced 31 percent organic growth in government services for the fourth consecutive quarter. In the fourth quarter, KBR had a revenue growth of 42 percent to $1.3B with diluted EPS of $0.31, an adjusted EPS …

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KBR’s Mark Sopp Talks Space, Energy Engineering as Areas of Opportunity

TYSONS CORNER, VA, February 22, 2019 — Mark Sopp, executive vice president and chief financial officer of KBR (NYSE: KBR), has said the company has positioned its space business to provide thought leadership and contracting support to government as it renews efforts in human space exploration and explores the integration …

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KippsDeSanto Report: Aerospace, Defense M&A Momentum to Continue in 2019

Eighty percent of 222 dealmakers who responded to a KippsDeSanto & Co. survey expect merger-and-acquisition activity in the aerospace, defense and government services markets to increase this year or remain the same as last year. KippsDeSanto said Tuesday more than 60 percent of 2019 M&A Survey respondents were executive-level corporate or strategic buyers and …

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Dan Allyn Named Exec Director for EY Gov’t & Public Sector Advisory Business; Mike Herrinton Quoted

Retired Gen. Dan Allyn, former vice chief of staff at the U.S. Army, has been named an executive director for Ernst and Young‘s practice on government and public sector advisory. He brings 36 years of Army experience to EY in which he will support the delivery of services intended for …

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Wayne Rehberger: Engility Has Scale for $100M-$500M Defense, Intell & Space Contract Targets

TYSONS CORNER, VA, August 22, 2018 — Wayne Rehberger, chief financial officer at Engility (NYSE: EGL), has said the company is looking into defense, intelligence and space contract opportunities in the $100M to $500M range for mission operations and systems engineering services, ExecutiveBiz reported Aug. 9. Rehberger said at the Jefferies 2018 Global Industrials …

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Carlyle Group’s US Buyout Fund Secures $18.5B Capital

The Carlyle Group (Nasdaq: CG) has raised $18.5 billion for its latest fund that invests in U.S. companies in defense and government services and aerospace industries. The private equity firm said Monday the amount of capital raised for the Carlyle Partners VII fund surpassed the $15 billion target, reflecting a 42 percent increase …

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