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Amentum seals deal on $1.9B PAE acquisition
The $1.9 billion, all-cash acquisition of Falls Church-based government contractor PAE Inc. (Pacific Architects and Engineers) by an affiliate of Germantown, Maryland-based aerospace defense contractor Amentum Services Inc. has closed, the two companies have announced. The deal, which closed Feb. 15, was first announced in October 2021 and PAE’s stockholders voted to approve the deal [&hel[...]
Peraton lands $2.69B Homeland Security contract
Federal contractor Peraton Inc.’s subsidiary, Perspecta Engineering Inc., landed a potential 10-year, almost $2.69 billion contract to assist the U.S. Department of Homeland Security, the company announced Wednesday. Under the indefinite quantity, indefinite quantity contract, Peraton will assist with Data Center and Cloud Optimization Support Services, providing information technology and o[...]
PAE stockholders approve $1.9B acquisition by Amentum
Falls Church-based government contractor PAE Inc. (Pacific Architects and Engineers) announced Thursday its stockholders voted to approve and adopt the company’s previously announced agreement to be acquired by an affiliate of Germantown, Maryland-based aerospace defense contractor Amentum Services Inc. in a $1.9 billion all-cash deal. The transaction is expected to close on or around Feb. [[...]
HII names new president and CEO
Christopher D. Kastner will become president and CEO of Newport News-based Huntington Ingalls Industries, the nation’s largest military shipbuilder, on March 1. Mike Petters, who has served as the Fortune 500 company’s president and CEO since Northrop Grumman Corp. spun off its shipbuilding division in 2011, will become executive vice chairman of the board for […]
Parsons lands $100M COVID testing contract
Centreville-based defense contractor Parsons Corp. has been awarded a task order to provide COVID-19 tests to Department of Homeland Security and Immigration and Customs Enforcement facilities across the United States, the company announced Jan. 19. Parsons will supply emergency-use authorized, portable, rapid molecular and rapid antigen test kits to DHS, as well as provide logistics, […]
Booz Allen secures $74M Navy contract
McLean-based Fortune 500 global management consultant Booz Allen Hamilton Inc. won a potential $74.7 million contract with the U.S. Navy to support the Program Executive Office Unmanned and Small Combatants (PEO USC) mission, the U.S. Department of Defense announced Friday. Under the cost-plus-fixed-fee contract, Booz Allen Hamilton will provide a single program executive for the […]
Octo acquires Herndon-based B3 Group
Reston-based Octo Consulting Group, backed by Arlington Capital Partners, has acquired Herndon-based health IT company B3 Group Inc. Financial terms of the transaction were not disclosed. B3 modernizes applications using low- or no-code software and platforms such as Microsoft Power Platform. The company also provides data governance, integration and analytics as well as cloud engineering [&hellip[...]
Peraton wins $343M TSA contract
Federal contractor Peraton Inc. won an up to $342.76 million task order with the U.S. Transportation Security Administration on Dec. 13, 2021. Peraton subsidiary Perspecta Enterprise Solutions LLC, acquired in May 2021, won the IT Management, Performance Analysis and Collaborative Technologies (IMPACT) II contract. Reston-based Fortune 500 contractor CACI International Inc. won the first IMPACT [&[...]
ICF International to acquire Creative Systems and Consulting
Fairfax-based management consulting firm ICF International Inc. has entered into a definitive agreement to acquire McLean-based IT federal contractor Creative Systems and Consulting, ICF announced Tuesday. The financial terms of the acquisition were not disclosed. Founded in 1969, ICF has about 7,500 employees. Creative was founded in 2010 and has 270 employees and “a full […]
Leonardo DRS names new CTO
Arlington-based Leonardo DRS Inc., a subsidiary of Italian defense contractor Leonardo SpA, has hired a new chief technology officer. Dr. Philip Perconti will lead corporate research and development strategy, accelerate innovation and expand partnerships that result in integrated technology solutions yielding enhanced warfighting capabilities. Perconti most recently served as the Army chief scient[...]
Peraton to move HQ from Herndon to Reston
Federal contractor Peraton Inc. is moving its headquarters from Herndon to Reston, the company announced Thursday. Peraton has signed a lease at 1875 Explorer St. in Reston Town Center. It expects to begin operating in the new headquarters by September 2022, after the completion of initial construction phases. In 2021, Peraton completed both the $7.1 […]
SAIC wins potential $1.11B Navy contract
Reston-based Fortune 500 government contractor Science Applications International Corp. (SAIC) won an up to $1.11 billion contract with the U.S. Navy, the U.S. Department of Defense announced last week. Under the fixed-price incentive, firm-fixed-price and cost-plus-fixed-fee $123.68 million contract, SAIC will provide MK 48 Mod 7 heavyweight afterbody/tailcones and warshot fuel tank torpedo equip[...]
