Important news of the past quarter.
Management Moves
Northrop Grumman elected CEO and President Wes Bush chairman of the company’s board of directors. Bush has served on the board since 2009
and succeeds Lewis W. Coleman.
SRA International named William L. Ballhaus CEO and a member of its board of directors. Ballhaus previously served as president, CEO and as a director of DynCorp International.
TASC Inc. brought in former CACI International Executive Vice President of Corporate Business Development Dale Luddeke as new chief growth officer.
Cass Panciocco was named president of federal programs for CNSI.
L-3 Communications appointed Tony Smeraglinolo, current executive vice president of L-3 Services Group, as chief executive officer of L-3 company Engility, effective following the company’s planned 2012 spinoff.
Big Transactions
SAIC completed the sale of its global oil and gas IT services business to Wipro Ltd.
Providence Equity Partners completed the acquisition of SRA International in a transaction valued at $1.88 billion. SRA is now a private entity.
Ericsson reached an agreement to acquire mobile, broadband and enterprise communications firm Telcordia for $1.15 billion from its private-equity owners Providence Equity Partners, LLC and Warburg Pincus.
TASC, Inc. acquired TexelTek, an advanced technology company that provides secure cloud solutions to federal customers.
URS Corporation acquired Apptis Holdings for $260 million to provide cyber security and cloud computing services.
SAIC reached an agreement to acquire Vitalize Consulting Solutions for an undisclosed amount to expand its health solutions portfolio.
Dynamics Research Corporation acquired federal healthcare and military technology firm HPTi, Inc. for $143 million.
CACI International reached an agreement to acquire Paradigm Holdings, Inc., the parent of cybersecurity and enterprise IT firm Paradigm Solutions Corporation.
CACI International acquired Pangia Technologies, LLC, an IT firm that specializes in computer network operations, mission systems, software and systems engineering, and IT infrastructure support.
Large Contract Wins
The Veterans Affairs Department awarded spots on a $12 billion contract to modernize IT operations to 14 firms, including Booz Allen, CACI, HP and Harris.
DynCorp International, PAE Group, SAIC and Tetra Tech, among others, were added to a five-year, $10 billion IDIQ contract from State Department’s Bureau of International Narcotics and Law Enforcement Affairs to provide worldwide civilian police and criminal justice assistance.
The U.S. Army selected Northrop Grumman Technical Services, Inc., L-3 Communication Services, Inc., Mission Essential Personnel, CACI Premier Technology Inc., and DynCorp International and AECOM’s joint venture Global Linguist Solutions to compete for task orders on its $9.7 billion defense language interpretation translation enterprise contract.
The U.S. Army awarded 16 contractors a place on a $997 million contract for force protection measures. Awardees include DRS, ITT, SAIC, Northrop Grumman, Lockheed Martin, BAE, Ideal Innovations, among others.
New Brands
ITT Corporation announced its spinoff into three, publicly traded corporations. ITT’s current water and wastewater, residential and commercial water and flow control businesses will become the company Xylem. The company’s current defense and information solutions segment will become ITT Exelis. Its core industrial business will continue under the ITT Corporation name.
L-3 Communications will spin off a new, publicly traded government services company to its shareholders called Engility. Engility will provide systems engineering, technical assistance, training and operational support services. L-3 will retain its cyber, intelligence and security solutions businesses under a new national security solutions segment run by Steve Kantor, current president of L-3’s services group.
