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Latest Federal & Government Contracting Companies' News Coverage
TYSONS CORNER, VA, December 28, 2020 — ManTech International (Nasdaq: MANT) moved to further expand its cybersecurity offerings for the defense sector with the acquisition of Tapestry Technologies, GovCon Wire reported Dec. 15.
Voyager Space Holdings has agreed to acquire a majority stake in XO Markets and its largest subsidiary Nanoracks. Houston-based Nanoracks offers commercial space services for satellite deployment and research across more than 30 nations. "With Voyager, we're confident in our expanded team's ability to continue to deliver game-changing technology industry-wide," said Jeffrey Manber, CEO of Nanoracks.
NuWave Solutions has purchased a ProModel Corp. business segment that offers analytic software platforms to the U.S. government, for an undisclosed sum. “ProModel Government Services is uniquely qualified to help federal government agencies with their decision making,†said Reggie Brothers, CEO of NuWave and a GovCon Expert.
James Taiclet, president and CEO of Lockheed Martin, said acquiring Aerojet Rocketdyne will bring in propulsion systems for potential integration with Lockheed-built missile and rocket offerings, Via Satellite reported Monday. Taiclet told analysts Monday during a conference call he expects the transaction to support upfront design, production planning and engineering integration efforts at the Bethesda, Maryland-based aerospace and defense company.
Viasat has entered into a definitive agreement to acquire RigNet, a provider of ultra-secure, intelligent networking solutions and specialized applications. Viasat will purchase the company in an all-stock transaction worth approximately $222 million. “With the acquisition of RigNet, we are accelerating the diversification of our connectivity portfolio and establishing a global foundation for expansion of our remote enterprise service offerings,†said Rick Baldridge, Viasat's president and CEO.Â
Reston, Virginia-based information technology contractor Octo has merged with software development firm Sevatec in a deal of an undisclosed sum to create a combined entity that will focus on helping federal government customers to address IT modernization goals. Baird and Pillsbury Winthrop Shaw Pittman served as Sevatec's financial and legal advisers on the transaction, respectively, while Sheppard Mullin acted as Octo's legal adviser.
Intelligent Waves has acquired Ski Systems to expand its strategic footprint in the Intelligence Community (IC) by providing disruptive and ultra-secure mobility solutions, the company reported on Monday. Terms of the transaction were not disclosed. “This acquisition plays a major role in fulfilling our vision of helping secure our nation’s most critical communications infrastructures,†said Jared Shepard, CEO of Intelligent Waves.Â
AECOM has entered into a definitive agreement to sell its civil construction business, including its Shimmick Construction business, to Oroco Capital. "Our outlook is bright as we bring together our company under our Think and Act Globally strategy, which includes transforming how we operate through the digital delivery of our work and focusing on growing our Professional Services businesses,†said Troy Rudd, AECOM CEO.
TYSONS CORNER, VA, December 8, 2020 — An ECS business group that offers digital services to the federal sector is absorbing Integrated Solutions Management after ECS' parent organization ASGN (NYSE: ASGN) acquired the Tampa, Florida-based information technology consulting firm, GovCon Wire reported Wednesday.
By Light Professional IT Services has acquired Raydon Corporation, a supplier of virtual, adaptable integrated military training technology. "Raydon will enable By Light to provide end-to-end solutions in support of the Army's virtual training, ultimately advancing warfighter proficiency with an extremely high transfer of skills from simulation to live engagement," said Bob Donahue, founder and CEO of By Light.Â
NuWave Solutions has acquired BigBear, a cloud-based, big data analytics company that provides solutions to the national security community, NuWave reported on Thursday. Terms of the transaction were not disclosed. "BigBear's data and analytics solutions bolster our existing capabilities to address the entire spectrum of information superiority," said Reggie Brothers, CEO of NuWave and a GovCon Expert.Â
Jacobs has agreed to purchase a 65 percent ownership stake in management consultancy PA Consulting as part of a strategic partnership deal. "Our partnership with PA forms a unique offering in the market that combines strategic front-end consulting and deep domain knowledge across key sectors with next generation science and technology expertise," said Jacobs Chair and CEO Steve Demetriou.
