|
 Needless to say, we have a lot to address here after a heavy news week that featured news of government contracting’s largest merger this decade, plus a batch of 2015 earnings reports from a group of contractors Wall Street uses to gauge the defense and GovCon industry’s health.
First, Leidos said it will merge with Lockheed Martin™s IT segment to double in size from $5 billion to $10 billion in forecasted annual revenue and create GovCon services’ largest player at twice the scale of its nearest competitors Booz Allen Hamilton and CSRA, the combination of CSC’s U.S. government arm and SRA.
By comparison, the pre-split Science Applications International Corp. recorded nearly $11 billion in sales for its last fiscal year before the 2013 division into the companies now known as SAIC and Leidos.
Lockheed and Leidos also introduced the term œReverse Morris Trust into the M&A landscape through their announcement and our site GovCon Wire™s story on how RMT deals work with this transaction™s finer details here.
The week also featured a mixed bag of full 2015 and fourth quarter financial statements from the œBig Five contracting giants Boeing, General Dynamics, Lockheed, Northrop Grumman and Raytheon; as well as results from mid-tier players Booz Allen and L-3 Communications.
GovCon Wire has all of the facts and figures on each here with recaps of the GovCon Index™s daily activity to summarize how the financial reports affected stock movements.
Last but not least, we at Executive Mosaic released the third iteration of the Wash100 list that represents our selection of the GovCon sector™s most influential voices for 2016.
Our choices represent leaders all facets of the industry from the largest companies to emerging players and the federal agency customers they collaborate with.
Please click here to bookmark our standalone Wash100 site and check it periodically over the next month for individual stories on our choices for the 2016 class.
THE WEEK’S OTHER TOP GOVCON STORIES
|
