Tag Archives: government services

KBR Strikes $570M Deal For Engineering, Science Contractor Wyle

Houston-based KBR (NYSE: KBR) has agreed to purchase U.S. federal engineering and scientific services contractor Wyle Laboratories for $570 million in a move both companies expect to create a global government services business segment with an estimated $2 billion in projected annual contract work. KBR said Monday it expects to …

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Engility Swings to 4Q & FY 2015 Net Loss; 12-Month Revenue Meets Street Outlook

Engility Holdings (NYSE: EGL) — one of 30 companies listed in Executive Mosaic’s GovCon Index — swung to a net loss for the fourth quarter of 2015 on reductions to the company’s market capitalization value after it issued fiscal year 2016 guidance below Wall Street’s expectations. The Chantilly, Va.-based government services …

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Leidos Tops Wall Street’s Full 2015 & 4Q Earnings Forecasts

Leidos Holdings (NYSE: LDOS) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported earnings of $2.78 per share for its full 2015 calendar year to exceed the consensus Wall Street forecast by 2 cents. The Reston, Virginia-based government services contractor stated full-year net income as …

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Ken Asbury: CACI to Focus on Organic Growth After L-3 NSS Acquisition

TYSONS CORNER, VA, February 8, 2016 — CACI International (NYSE: CACI) President and CEO Ken Asbury has said the company will focus on organic growth following its $550 million acquisition of L-3 Communications‘ (NYSE: LLL) national security solutions unit, ExecutiveBiz reported Friday. Asbury said in an interview published Thursday on The …

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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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Michael Lewis Joins Iron Mountain as Govt Services VP, GM

Michael Lewis, a public sector veteran with more than 30 years of experience, has been appointed vice president and general manager of the government services unit at Iron Mountain (NYSE: IRM). He will oversee the organization that works with federal agencies to help them store, access, secure and manage physical and electronic …

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Bruce Tanner: Lockheed to Extend IT-Govt Services Business Review, Eyes Decision by March 2016

Lockheed Martin (NYSE: LMT) will delay a final decision on a spinoff or sale of a bulk of its information technology and government services businesses until the end of March in order to review offers from potential buyers, the company’s chief financial officer told investors Wednesday. Bruce Tanner told the Credit Suisse Industrials …

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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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