GovConWire's Government Contracting News 7/13/2022

News

Video Interview Series: GovCon Expert Jim McAleese On What 1Q Contractor Financial Results Mean for Investors & Businesses

The Department of Defense received a five percent, $39 billion increase in its funding for 2022. However, President Biden signed the deal in late March of this year, and first quarter financial results within the government contracting ecosystem are now revealing the full impact of this delay. In the third and final installment of his video

Executive Moves

Retired US Marine Vincent Stewart Elected to Lockheed Board; Jim Taiclet Quoted

Vincent Stewart, a 38-year U.S. Marine Corps veteran and a four-time Wash100 Award winner, will formally join the board of directors of Lockheed Martin (NYSE: LMT) on Friday. The retired USMC lieutenant general will serve as an independent director and as part of the board’s classified business and security committee, Lockheed said Tuesday. Stewart held

Executive Moves

Tom Watson Named Successor of Serco Group’s US CEO Dave Dacquino

Tom Watson, a 25-year federal market veteran who is currently serving as senior vice president of defense services at Serco Inc., will become CEO of the Herndon, Virginia-based government contractor when Dave Dacquino retires from the chief executive role Sept. 1. Dave Dacquino Dacquino will continue his role as chairman of the board of directors

Events

Impending TRADOC Document Outlines Pathway for Army to Achieve Information Advantage; Lt. Gen. Maria Barrett Quoted

U.S. Army Cyber Command is coordinating with the Army Training and Doctrine Command in the drafting process for a new publication focused on information advantage as a doctrinal concept. ADP 3-13 Information Operations, which is expected to be released soon, will be the key to achieving decision dominance, according to Lt. Gen. Maria Barrett, commanding

Executive Moves

Matt Hicks Succeeds Paul Cormier as Red Hat President & CEO

Matt Hicks was promoted to the roles of president and CEO at Red Hat, where he previously oversaw product strategy and engineering activities as executive vice president of products and technologies. The IBM (NYSE: IBM) subsidiary said Tuesday Hicks took over from Paul Cormier, a more than two-decade Red Hat veteran who was tapped to

M&A Activity

CollabraLink Rebrands as Groundswell After Tech Consultancy Purchase; George Batsakis Quoted

George Batsakis CollabraLink Technologies, a Washington Harbour Partners portfolio company, has acquired Groundswell Consulting Group and changed its name to Groundswell as part of a rebranding effort. “The Groundswell name reflects our commitment to bringing an unstoppable, seismic technology change to government,” Groundswell CEO George Batsakis said in a statement published Tuesday. The combined entity

M&A Activity

MDP to Buy Majority Stake in Procurement Software Provider Unison; Reid Jackson Quoted

Madison Dearborn Partners has agreed to purchase a controlling interest in government procurement software provider Unison from global investment firm Carlyle (Nasdaq: CG) for an undisclosed sum. The transaction is expected to be completed in the third quarter of 2022 and the investment will help Unison advance its growth initiatives and expand its software offerings,

Contract Awards

V2X to Provide Army Logistics Support Under $265M Contract Modification

V2X (NYSE: VVX), the new company formed out of the merger between Vectrus and Vertex, will support logistics operations at Fort Benning in Georgia under a $264.9 million contract modification from the U.S. Army. The award falls under the Enhanced Army Global Logistics Enterprise procurement vehicle and includes initial obligated funds amounting to $13 million,

News

Q&A With Altamira Business Development SVP Richard Campos Tackles Company Growth Initiatives

ExecutiveBiz featured Richard Campos, senior vice president of business development at Altamira, in a recent Executive Spotlight interview published Monday. He discussed the core values of Altamira’s culture and the recent growth initiatives to drive the company into new markets. The Q&A also focused on Campos’ move to Altamira in August as well as the

Executive Moves

SpiderOak Names Military, Industry Leaders to Space Advisory Board

SpiderOak has announced the appointment of military veterans and industry experts to the newly created space advisory board to provide guidance as the company works to deploy zero trust-based platforms and services to protect national security and commercial space systems and data from cybersecurity threats. The members of the board are Ellen Pawlikowski, a retired

GovConWire's Government Contracting News 7/13/2022

Video Interview Series: GovCon Expert Jim McAleese On What 1Q Contractor Financial Results Mean for Investors & Businesses

Retired US Marine Vincent Stewart Elected to Lockheed Board; Jim Taiclet Quoted

Tom Watson Named Successor of Serco Group’s US CEO Dave Dacquino

Impending TRADOC Document Outlines Pathway for Army to Achieve Information Advantage; Lt. Gen. Maria Barrett Quoted

Matt Hicks Succeeds Paul Cormier as Red Hat President & CEO

CollabraLink Rebrands as Groundswell After Tech Consultancy Purchase; George Batsakis Quoted

MDP to Buy Majority Stake in Procurement Software Provider Unison; Reid Jackson Quoted

V2X to Provide Army Logistics Support Under $265M Contract Modification

Q&A With Altamira Business Development SVP Richard Campos Tackles Company Growth Initiatives

SpiderOak Names Military, Industry Leaders to Space Advisory Board

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