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Latest Federal & Government Contracting Companies' News Coverage
Arlington, Virginia-based IDS International has purchased GovSource and DECO for an undisclosed sum in a move to create a global provider of training support services to the military sector.
Kathy Warden, CEO of Northrop Grumman, has been presented with a 2021 Wash100 Award for leading the company's efforts to create value through portfolio management, as well as her continued focus on growth through executive hires and contract pursuits in the federal sector. This marks Warden’s sixth Wash100 Award.
TYSONS CORNER, VA, February 17, 2021 — Huntington Ingalls Industries (NYSE: HII) has sold its engineering design subsidiary UniversalPegasus International to Los Angeles-based private equity firm PMC Capital Partners, GovCon Wire reported Feb. 5.
Executive Mosaic is honored to present Nazzic Keene, CEO of Science Applications International Corp. (SAIC), as a recipient of the 2021 Wash100 Award for her leadership as SAIC acquired Unisys Federal and reorganized the company's business structure to advance future growth priorities heading into 2021 and beyond. This marks Keene’s fourth Wash100 Award and her third consecutive.
Executive Mosaic is glad to introduce John Mengucci, president and CEO of CACI International as a 2021 Wash100 Award recipient. This represents his second consecutive year that Mengucci has received the most prestigious award in all of government contracting (GovCon). Executive Mosaic congratulates John Mengucci on his second consecutive Wash100 Award.Â
QuantiTech, a portfolio company of Sagewind Capital, has merged with Millennium Engineering and Integration Company (MEI) to provide engineering services and offerings for mission critical programs within defense and civilian agencies, QuantiTech reported on Wednesday. Financial terms of the transaction were not disclosed. “We are excited about joining forces with MEI," said Darryl Wortman, president and CEO of QuantiTech.
Cubic Corporation has entered into a definitive agreement with an affiliate of Veritas Capital, under which Veritas and Evergreen Coast Capital, an affiliate of Elliott Investment Management, will acquire Cubic for $70.00 per share in cash. The all-cash transaction is worth approximately $2.8 billion, including the assumption of debt.
Peraton has aligned the company around four business sectors and appointed new executives to its leadership team, following its $3.4 billion acquisition of Northrop Grumman's integrated mission support and IT solutions business, the company reported on Thursday. "As Peraton expands we will be faced with a complex range of new opportunities and challenges across our functions and businesses,†said Stu Shea, chairman, president and CEO of Peraton and 2021 Wash100 Award recipient.Â
Veritas Capital has completed its $3.4 billion acquisition of Northrop Grumman’s IT and mission support services business. Veritas announced the multi-billion dollar transaction in December 2020, stating that the transaction will enable Veritas to establish a technology-enabled services platform that can deliver support to a wide range of critical government missions through its combination with Peraton. “The completion of this transaction brings together two dynamic businesses with complementary, mission-critical solutions and capabilities, creating an industry-leading platform with a shared commitment to customer success,†said Ramzi Musallam, chief executive officer and managing partner of Veritas, and 2020 Wash100 Award recipient.
AE Industrial Partners has acquired UAV Factory, a provider of tactical unmanned aerial vehicle and intelligence, surveillance, reconnaissance technology. With the purchase, UAV Factory will serve as an unmanned technology platform for AEI. Terms of the transaction were not disclosed. "UAV Factory's engineering and technical capabilities, combined with its proven and growing set of technology solutions, are truly differentiated in the market," said Jeffrey Hart, principal at AEI.
Veritas Capital has moved to acquire Perspecta for $7.1 billion and plans to combine the latter to its portfolio company Peraton to expand its position in the government technology market. Perspecta has entered into a definitive agreement for the all-cash transaction. "Perspecta will be well positioned to build on our momentum and continue executing on customer commitments as Perspecta delivers cyber, digital-transformation and mission-focused solutions,†said Mac Curtis, chairman and CEO of Perspecta and 2020 Wash100 Award recipient. Stu Shea, chairman, president and CEO of Peraton and 2020 Wash100 Award recipient said, "Together, we will create a top-tier, privately-owned government technology business with a focus on missions of consequence.â€
TYSONS CORNER, VA, January 22, 2021 — Roger Krone, chairman and CEO of Leidos (NYSE: LDOS), said the company would incorporate managed services and cloud computing approaches acquired through its purchase of 1901 Group to support customers' digital modernization goals, ExecutiveBiz reported Jan. 15.
