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Weekly Roundup August 8 – August 12 2016: KBR and HPE Make Public Sector M&A Plays & More


August 8 – August 12 2016

A Note From Our President & Founder Jim Garrettson

Government contracting sector observers got a twin bill of significant acquisition developments during the Thursday evening-Friday morning “down time” in financial markets to continue the GovCon industry’s ongoing deal spree.

Prior to this morning’s opening bell, the former Halliburton subsidiary KBR announced its second U.S. government-focused purchase this year through a $300 million agreement to buy Honeywell Technology Solutions Inc. — the global industrial conglomerate’s federal services business.

This HTSI deal and pick up of Wyle in July for $550 million adds up to an almost $850 million bet by KBR on federal government services in a push to expand and diversify beyond the core engineering and construction work for energy market clients.

After Thursday’s close, Hewlett Packard Enterprise said it would acquire the high-performance computing technology company Silicon Graphics International for $275 million as HPE begins to embark on its new product- and platform-focused strategy.

SGI’s client base includes federal agencies with services in the fields of virtualization, data management, cloud computing and storage.

GovCon Wire — Executive Mosaic’s home of market-moving GovCon news — has all the details on KBR’s continued government services push and HPE’s move that includes a public sector angle.

Please click this link here for GovCon Wire’s full report on the KBR deal to buy HTSI, while the GCW story on the HPE-SGI transaction is available here.

THE WEEK’S OTHER TOP 10 GOVCON STORIES
CSRA Shows Openness to Deals With ‘Cloud-Enabled Digitization’ Factor, 1Q Earnings Top Street Outlook
Falls Church, Virginia-based CSRA further outlines its capital deployment strategy to investors in the first quarter earnings call.
Vectrus Lifts 2016 Earnings, Revenue Guidance
Net income and sales held flat year-over-year but the Exelis services spinoff also reports progress on its long-term debt repayment strategy.
Phil O’Reilly Named Brocade Federal Sales VP
A three-decade technology industry veteran, O’Reilly first joined Brocade in 2010 and most recently served as CTO for Americas and federal sales.
ManTech Awarded DHS Continuous Diagnostics, Mitigation Task Orders; Bill Varner Comments
GSA gives ManTech a pair of task orders focused on cloud computing and report consolidation services for DHS™ governmentwide CDM effort.
Jacobs Receives $500M NASA Launch Services Program Contract Extension
NASA awards Jacobs Technology additional funds to carry out implementation and flight hardware support work at the Kennedy Space Center.
6 Firms Awarded NASA Deep-Space Habitat Concept Devt Contracts
NASA will award up to $65 million total over two years and contractors will be responsible for at least 30 percent of the program cost.
State Dept Approves Saudi Arabia’s $1.15B Request for US Abrams Tanks, Ground Vehicle Recovery Systems
Twenty of the 153 tanks covered in the foreign military sales agreement are battle damage replacements.
State Dept OKs $231M NATO Precision Guided Munitions Sale
NATO requested to buy at least 2, 000 Joint Direct Attack Munition weapons and support technology for Paveway bombs from the U.S. government.
PlanetRisk Seeks to Expand Analytics Tools Suite Through Analytic Strategies Buy
McLean, Virginia-based PlanetRisk aims to expand its geospatial business intelligence, big data engineering and social network analysis footprints.
Intelligent Decisions Sells US Army Comms, Transmission Systems Assets to Tribalco
Tribalco adds ID™s spot on a potential $4.1 billion Army contract vehicle for communications technology and services for the branch™s networks.

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