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Tag Archives: government services

November 12 Market Close: GovCon Index, US Stocks Plunge on Earnings & Continued Fed Watch

The GovCon Index mirrored the larger selloff and economic growth concerns in U.S. stock markets Thursday with a decline of 1.988 percent to 75.961. Shares in BAE Systems — the Index’s only gainer — climbed 3.3 percent to $27.51 on U.S. over-the-counter markets after the defense contractor said it would retain its U.S. information technology and government services business after a …

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Harris Affirms Small Business Partnerships in Competition for Govt Services; Wayne Lucernoni Comments

TYSONS CORNER, VA, October 14,  2015 — Wayne Lucernoni, mission sustainment services president at Harris Corp. (NYSE: HRS), said the company strives to stay current in a low-margin government services sector with help from its small business partnerships, ExecutiveBiz reported Tuesday. The Washington Business Journal cited programs such as the mentor-protégé model …

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Reuters: Lockheed Eyes IT Business Combination with Another US Contractor

Lockheed Martin (NYSE: LMT) has begun discussions about a possible combination of its government information technology and technical services businesses with a fellow U.S. contractor, Reuters reported Friday. Mike Stone writes Lockheed is in early-stage talks with Booz Allen Hamilton (NYSE: BAH),  CACI (NYSE: CACI),  Leidos (NYSE: LDOS) and Science Applications International …

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Michael Lewis Joins Seabury Group as A&D, Govt Services SVP; Christopher Kubasik Comments

Michael Lewis, co-founder of The Silverline Group, has joined Seabury Group as senior vice president for the company’s aerospace, defense and government services business. He will report to Patrick Henry Dowling, senior managing director for corporate finance, and lead Seabury’s efforts to establish investment banking operations in the government sector, …

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SRA Closes Qbase Gov’t Services Asset Buy

SRA International has closed its purchase of a portion of Qbase‘s government services business for an undisclosed amount in a deal that sees more than 230 Qbase staffers join SRA. SRA announced the completion of the deal Thursday and said the acquisition is part of its push to grow in the healthcare, homeland security …

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Bill Ballhaus: SRA to Purchase Qbase Assets for Health IT, Homeland Security Push

SRA International has agreed to acquire a portion of Qbase‘s government services business for an undisclosed sum in a push to expand work with homeland security, law enforcement and healthcare government agencies. SRA said Tuesday it expects to complete the acquisition by April and the assets it will purchase encompass information technology and professional services. Qbase is a privately-held software …

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SAIC’s CEO, Tony Moraco Named to Wash100 List for Government Services Leadership

Executive Mosaic, Tysons Corner, VA February 19, 2015 – Tony Moraco, CEO of Science Applications International Corp., has been selected as one of the inductees to this year’s Wash100 list of the most influential leaders in GovCon for his leadership role in the government services market. The Wash100 is the premier …

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Brian Clark: NCI Targets Govt Services Market Growth with Computech Buy

NCI (NASDAQ: NCIT) has agreed to purchase Bethesda, Maryland-based government services provider Computech for approximately $56 million in cash. NCI said Monday it expects the transaction to close on Thursday and that it will finance the deal with cash on hand and credit facility borrowings. “The acquisition of Computech is in line …

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AECOM Closes $4B Buy of URS Corp. in Energy, Gov’t Services Market Push

AECOM Technology Corp. (NYSE: ACM) has closed its estimated $4 billion purchase of San Francisco-based engineering and construction services firm URS Corp. after shareholders at URS approved the transaction Thursday. Los Angeles-based AECOM announced the completion of the deal Friday and said it planned to pursue growth in the oil and …

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Richard McFarland Promoted to Gov’t Relations SVP at Parsons; Chuck Harrington Comments

Richard McFarland has been promoted from vice president to senior vice president of government relations at Parsons‘ government services segment,  where he will be responsible for national security and other federal programs. “He has made a tremendous impact on the corporation since joining us in 2010, building on our relationships on …

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