Home / Tag Archives: government services

Tag Archives: government services

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

CGI’s Michelle Hertz: Pre-Acquisition Collaboration Removes Risk, Facilitates Efficiencies

TYSONS CORNER, VA, May 2, 2018 — Michelle Hertz, a vice president at CGI Federal (NYSE: GIB), has indicated the importance of dialogue between the federal government and industry acquisition professionals in order to establish and clarify requirements, determine potential limitations and drive efficiencies. “Implementing a more robust pre-acquisition process would …

Read More »

Kingswood Closes Versar Acquisition, Names New CEO for Project Mgmt Firm

Versar has gone private after the close of its acquisition by an affiliate of investment firm Kingswood Capital Management via a tender offer of $0.15 per outstanding share and a second-step merger. The formerly publicly traded project management company said Tuesday the new capital structure serves to build on its long-term strategic goals. …

Read More »

Accenture/Salesforce Sponsored Study Shows Need to Address Access to Gov’t Services

TYSONS CORNER, VA, Nov. 9, 2017 — Accenture (NYSE: ACN) and Salesforce (NYSE: CRM) have found through a survey that 49 percent of adults in the U.S. prefer to interact with government and access services via websites, ExecutiveBiz reported Wednesday. The companies jointly commissioned the Governing Institute study, which also …

Read More »

KBR Unit Awarded $91M Contract to Support Navy Base Operations in Bahrain, UAE

KBR‘s (NYSE: KBR) government services unit has received a $91 million contract to deliver support services for Naval Facilities Engineering Command Atlantic base operations in Bahrain and the United Arab Emirates. The company announced Tuesday the contract awarded to KBRwyle covers housing, unarmed security, equipment maintenance, utilities, waste management, custodial, material handling, personnel movement …

Read More »