GovConWire's Government Contracting News 5/5/2022

Events

Stacey Dixon: ODNI Uses Automation to Improve ‘Notoriously Inefficient’ Acquisition Processes

The Intelligence Community’s acquisition processes — and ultimately, its ability to partner with industry — are known for being slowed down by bureaucratic hurdles, restrictions and stringent security requirements. Top officials say they have their hands around the problem, which is the first step towards improvement. “Acquisition is the vital link that connects the energy,

News

Battelle President, CEO Lou Von Thaer Receives 7th Wash100 Award From Executive Mosaic CEO Jim Garrettson

Battelle President and CEO Lou Von Thaer was officially presented his 2022 Wash100 Award, the highest honor in all of government contracting (GovCon), during a recent visit to the company’s office by Jim Garrettson, founder and CEO of Executive Mosaic. Executive Mosiac was honored to present Lou Von Thaer with his seventh Wash100 Award for stewarding Battelle to position itself for

Financial Reports

Parsons Q1 Revenue Up 9%; Carey Smith Quoted

Parsons (NYSE: PSN) recorded $949 million in revenue for the first quarter of its 2022 fiscal year, up 9 percent from the prior-year period, and attributed the sales increase to organic growth from the company’s federal solutions and critical infrastructure segments. The Centreville, Virginia-based contractor ended the quarter with a total backlog of $8.2 billion

Financial Reports

ManTech Reports $464M in Contract Awards, 6.7% Revenue Growth for Q1 2022

ManTech International (Nasdaq: MANT) posted $675.5 million in fiscal 2022 first quarter revenue, up 6.7 percent from the prior-year period, and attributed the growth to contract awards and acquisitions. The Herndon, Virginia-based government services contractor stated 66 percent of the $464 million in total awards from multiple customers during the January-March period represent new business

Executive Moves

Axon Accounting SVP Jim Zito to Serve as Interim CFO

Jim Zito, senior vice president of accounting and corporate controller of Axon (Nasdaq: AXON), has been named interim chief financial officer at the public safety technology developer. He replaces Jawad Ahsan, who stepped down as CFO after five years in the job, and Axon said Wednesday it will work with an executive search firm to

News

Privacy Tech Developer Enveil Closes Series B Funding Round

Enveil has raised $25 million in a round of Series B financing led by USAA and will use the capital in the development, sales and marketing of a privacy-enhancing technology designed for government and commercial applications. Existing investors that participated in the funding round include Bloomberg Beta, Mastercard, C5 Capital, Capital One Ventures, Cyber Mentor

Executive Moves

Former Army Training Chief David Perkins Joins Oshkosh Board

David Perkins, a retired U.S. Army general, has joined the board of directors at military vehicle and equipment manufacturer Oshkosh (NYSE: OSK). The addition of Perkins will bring the number of Oshkosh’s board members to 10, the company said Wednesday. He held various leadership positions during his 38-year military career including as commander of Army

M&A Activity

SentinelOne Closes Attivo Networks Purchase

SentinelOne (NYSE: S) closed its acquisition of identity security company Attivo Networks through a cash-and-stock transaction that was first announced in mid-March. SentinelOne said Wednesday the transaction expands the capabilities of its Singularity XDR platform to identity-based threats across cloud workloads, endpoints, data, mobile and internet of things devices while advancing the adoption of zero

Contract Awards

Army Selects 7 Contractors for Civil Engineering Work Under $130M Deal

Seven contractors were awarded spots on a $130 million firm-fixed-price contract to provide the U.S. Army with civil engineering and design services over a five-year period. CDM Federal Programs and six joint ventures will vie for orders under the contract that covers services for the civil works projects of Army Corps of Engineers, the Department