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The Department of Homeland Security plans to award an additional $1.85 billion in cybersecurity task orders through the General Services Administration‘s Alliant contract vehicle, Fedscoop reported Wednesday. The report said DHS could issue a potential $500 million order under group C of the Continuous Diagnostics and Mitigation Dynamic and Evolving Federal Enterprise Network Defense program. DHS is expected […] More
Ryan Vervack, former chief technology officer of CACI International‘s government services business, has been appointed to the same position at DroneShield‘s U.S.-based subsidiary. DroneShield said Monday his responsibilities will span across the unmanned aircraft technology firm’s engineering teams in Australia and the U.S. Peter James, chairman of DroneShield, said Vervack joins the company as it aims to expand operations in the […] More
Mike Basla joined the former L-3 National Security Solutions business as a senior vice president in March 2015 after a 35-year U.S. Air Force career, then transitioned to CACI International one year later upon that company’s acquisition of NSS. Now at CACI, the retired lieutenant general and former Air Force chief information officer holds an SVP […] More
In a one-year span that featured announcements of three acquisitions, Cubic Corp. unveiled a nearly $400 million bet that the C4ISR market will spur long-term growth in the San Diego-based contractor’s global defense business that represents roughly 60 percent of its estimated $1.5 billion in revenue. Cubic made its first move of that C4ISR expansion effort in December 2014 with the $114.5 million acquisition of […] More
Eric Gillespie, founder and CEO of Govini, has cited recent consolidations and acquisitions that made an impact on the federal services contracting market in 2015. Gillespie wrote in an article published Tuesday on GovExec that the formation of CSRA through the merger of Computer Sciences Corp.'s U.S. public sector business with SRA International resulted in the creation of a […] More
The government services market started to get a glimpse of what would eventually become an ongoing landscape shift in October 2014 when Engility Holdings announced its $1.3 billion acquisition of fellow Chantilly, Va.-based contractor TASC, a deal which closed in February 2015. Since the TASC deal was announced, companies in the government services space have […] More
Steve Weiss brings a 30-year background in senior-level leadership and acquisition management experience to his role as executive vice president of government business operations at CACI International. Weiss also participates in CACI’s mergers and acquisitions program that former CEO Jack London started in 1992 and has since seen the company make 55 purchases, such as its buy of Six3 Systems in late 2013 […] More
Consulting firm Aronson LLC has disclosed the valuation drivers of CACI International‘s announced $820 million acquisition of Six3 Systems. Aronson said Oct. 15 that the earnings before interest, taxes, depreciation and amortization valuation for Six3 marks one of its higher multiples in recent years. Tim Schmitt, vice president at Aronson Capital Partners, writes the firm projects the transaction […] More
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