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Latest Federal & Government Contracting Companies' News Coverage
TYSONS CORNER, VA, February 4, 2020 — ASGN (NYSE: ASGN) finalized its $85M cash acquisition of the Blackstone Federal business and moved to integrate the latter into ASGN's ECS subsidiary, GovCon Wire reported Jan. 28.
The former management services business of AECOM has adopted the name Amentum following its acquisition by private equity firms American Securities and Lindsay Goldberg. Germantown, Md.-based Amentum aims to offer information technology, mission assurance and intelligence support to U.S. federal agencies, allied governments and commercial clients as an independent company.
Tom Arseneault, president and chief operating officer of BAE Systems’ U.S. subsidiary and a 2020 Wash100 award winner, said the two business units the company agreed to acquire from Raytheon and United Technologies Corp. will "bolt into existing businesses" within BAE Systems Inc.’s electronic systems sector, Inside Defense reported Monday.
Bob Kipps, co-founder and managing director of investment bank KippsDeSanto & Co. and a former Wash100 award winner, told the Washington Business Journal in an interview published Thursday that the company is “bullish†as it looks to the mergers and acquisitions market for government contracting in 2020.
A study of mergers and acquisitions conducted by researchers at George Mason University and Iowa State University shows that companies get more value return from M&A deals that help drive efficiency, the Washington Business Journal reported Wednesday.
Incentive Technology Group has agreed to be acquired by ICF for approximately $255M. Financial services company Baird advised ITG on the transaction.
TYSONS CORNER, VA, January 9, 2020 — Todd Probert, a vice president at Raytheon (NYSE: RTN), shared his impression of the merger between VMware (NYSE: VMW) and Pivotal Software, GovCon Wire reported Jan. 2. The combination "is going to make it possible for my team to get code to our customers even faster and easier," Probert said in a statement Dec. 30.
TYSONS CORNER, VA, January 7, 2020 — Leidos (NYSE: LDOS) is moving to advance its government market position through its proposed acquisition of applied research and national security services provider Dynetics for approximately $1.65B cash, GovCon Wire reported Dec. 18.
Steven Demetriou, chairman and CEO of Jacobs, has said that the company’s integration of KeyW is “off to a great start†as it seeks to leverage the latter’s low-Earth orbit and space intelligence offerings.
Centauri has purchased Dayton, Ohio-based defense engineering companies The Design Knowledge Company and PreTalen as part of an investment aimed at expanding customer base in the cyber, intelligence and space markets.
Jean Stack, a managing director at Baird and 2019 Wash100 Award recipient, offered insight into market trends during the financial services company's annual Government and Defense Conference on Wednesday at the Ritz Carlton in Tysons Corner, Va.
