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Latest Federal & Government Contracting Companies' News Coverage
TYSONS CORNER, VA, May 12, 2021 — John Kavanaugh, most recently chief financial officer at Perspecta, joined Peraton as CFO in a series of leadership appointments resulting from the combination of the two government contractors via a $7.1 billion all-cash transaction backed by private equity firm Veritas Capital, GovCon Wire reported April 30.
Voyager Space Holdings has completed its majority investment in X.O. Markets, the parent company of small satellite deployment system provider Nanoracks, to establish a footprint in the commercial space services market. Denver-based Voyager said Tuesday the move is part of efforts to position itself to offer an integrated space exploration platform that could support various missions.
Booz Allen Hamilton announced Tuesday that it has entered into an agreement to acquire Liberty IT Solutions for $725 million in an effort to strengthen the former's digital solutions capabilities and improve the its ability to work with strategic industry partners to help clients adapt and transform. "Liberty IT has been extremely successful in helping to operationalize Salesforce within federal market so it’s not difficult to see why this transaction makes sense for Booz Allen,” said John Song, managing director at Baird, which serves as Liberty’s exclusive financial adviser.
CGI announced Tuesday its intent to acquire Sense Corp in an effort to increase the former's digital and cloud capabilities and further expand its presence in Austin, Dallas, Houston and St. Louis. The two companies signed an agreement to proceed with the acquisition, which is expected to be completed in early May.
Science Applications International Corp. (SAIC) has entered into an agreement with Koverse to acquire the company in a move to expand SAIC’s software portfolio into full-stack AI with the ability to tackle the challenge of organizing structured and unstructured data from multiple sources. The terms of the acquisition have yet to be disclosed.
Maximus has agreed to purchase Veterans Evaluation Services' (VES) parent company for $1.4 billion in support of its long-term corporate strategy for revenue growth and ongoing strategic priority of expanding footprint in the U.S. federal market. The acquisition, which is subject to U.S. antitrust filing requirements and customary closing conditions, is expected to close during Maximus' third fiscal quarter, the company said Wednesday.
Anduril Industries plans a new round of financing that would value the defense technology startup at approximately $4 billion to $5 billion. The Irvine, California-based startup is likely to use the proceeds to further expand development work on drones and other military equipment.
Greg Hayes, CEO of Raytheon Technologies, said the company has positioned its product portfolio to target the 2018 National Defense Strategy’s priorities as it anticipates a flat defense budget in the coming fiscal year, the Washington Business Journal reported Thursday.
Cubic Corporation announced on Wednesday it has accepted a proposal from Veritas Capital and Evergreen Coast Capital to increase the price per share of their pending acquisition of Cubic to $75.00 per share in cash. By accepting the proposal, Cubic has entered into an amended agreement with Veritas and Evergreen. The all-cash transaction will be valued at approximately $3 billion.Â
Accenture said Monday it has entered into an acquisition agreement with Cygni in an effort to enhance the global capabilities of Accenture Cloud First. Cygni is a cloud-native full-stack development firm that provides a broad range of information technology (IT) services. According to Accenture, the terms of the transaction have not been disclosed.Â
Tim Hurlebaus, president of CGI Federal, has received his fourth Wash100 Award of his career and has secured his 2021 Wash100 Award for driving growth initiatives, expanding enterprise services and technology implementation at CGI Group’s federal services subsidiary. This marks the third consecutive year that Hurlebaus has received the most prestigious award in all of government contracting (GovCon).Â
Science Applications International Corp. has named David Ray, former president of FLIR Systems' government and defense business, as senior vice president for a newly formed space business organization that aims to support federal civilian, defense and intelligence customers.
