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Tag Archives: LGS Innovations

CACI to Engineer Cyber Tech Platforms Through $982M Army Contract Vehicle; Ken Asbury Quoted

CACI International (NYSE: CACI) won a spot on a potential five-year, $982M contract vehicle to develop technology platforms for U.S. Army cyber and electronic warfare missions. The multiple-award, indefinite delivery/indefinite quantity covers the development of software and hardware to support the military service’s program executive office for intelligence, electronic warfare …

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CACI’s Ken Asbury Outlines Shift From Services to Technology in Push to Support US Military

TYSONS CORNER, VA, March 22, 2019 — CACI International (NYSE: CACI) is putting more focus on its technology and product offerings in a shift from staff augmentation services as it seeks to build on the U.S. military’s drive to gain advantage over near-peer competitors, ExecutiveBiz reported March 10. Ken Asbury, …

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CACI Closes LGS Acquisition; Ken Asbury Quoted

CACI International (NYSE: CACI) has finalized its acquisition of LGS Innovations from CoVant Management and Madison Dearborn Partners. Ken Asbury, CACI president and CEO and a 2019 Wash100 winner, said in a statement published Friday the transaction marks the company’s next step in a strategy to broaden its cyber, electronic warfare …

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CACI Allots $975M for LGS, Mastodon Design Acquisitions; Ken Asbury Quoted

CACI International (NYSE: CACI) has agreed to acquire Herndon, Va.-based government technology contractor LGS Innovations and purchased Rochester, N.Y.-based rugged equipment manufacturer through a pair of deals worth approximately $975M combined. Ken Asbury, president and CEO of CACI and a 2019 Wash100 winner, said in a statement released Wednesday combining …

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Kevin Kelly: LGS Eyes ISR Portfolio Growth Through Axios Buy

LGS Innovations has bought signal processing and communications technology company Axios for an undisclosed amount in a move to complement LGS’ portfolio of intelligence, surveillance, and reconnaissance platforms. Dulles, Virginia-based Axios will operate as a subsidiary of LGS and continue to support defense and intelligence agency customers with its mission-based technologies, LGS …

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CenturyLink Taps LGS Tech for Work on DoD High-Speed Network

TYSONS CORNER, VA June 9, 2015 — CenturyLink (NYSE: CTL) has enlisted LGS Innovations to help upgrade the Defense Department’s high-speed fiber optic network that connects five Pentagon facilities with supercomputing requirements. CenturyLink said Monday it expects updates to DREN to enable the five computer labs to receive speeds of …

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John Fitzgerald Heads to LGS Innovations as EVP, CFO; Kevin Kelly Comments

John Fitzgerald, formerly chief accounting officer at ManTech International (NASDAQ: MANT), has joined LGS Innovations as executive vice president and chief financial officer and will oversee LGS’ financial organization. LGS said Tuesday that Fitzgerald holds at lease 26 years of experience in the financial industry as the company seeks to evolve into a platform company for a global market. …

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Madison Dearborn, CoVant Finalize $200M LGS Innovations Purchase

A Madison Dearborn Partners and CoVant investor group has finalized its purchase of LGS Innovations from Alcatel-Lucent (NYSE: ALU) for $200 million. Alcatel-Lucent has sold LGS as part of an initiative to raise more than $1.4 billion by the end of 2015 through asset divestitures, Alcatel-Lucent said Tuesday. Half of the acquisition amount …

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LGS Innovations Sold to U.S. Investment Firms for $200M; Kevin Kelly Comments

Alcatel-Lucent (NYSE: ALU) has sold the company’s government technology subsidiary LGS Innovations to two U.S. investment firms for around $200 million in a move that will enable LGS to chase market and customer opportunities that it may not have been able to previously go after under Alcatel, LGS CEO Kevin …

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