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Latest Federal & Government Contracting Companies' News Coverage
John Vollmer, CEO of Amentum and five-time Wash100 inductee, has said the company is looking to update its technology platforms and combine these with multiple services that are intended to help government and commercial customers address missions, the Washington Business Journal reported Thursday.
Science Applications International Corp. has agreed to buy Unisys’ federal business unit for $1.2B in cash, SAIC announced on Thursday. The transaction multiple of approximately 13x LTM 9/30/19 Adjusted EBITDA(5) will add greater value to SAIC and will provide a significant premium to Unisys’ trading multiple.
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.
