GovConWire Top Stories 4/22/2021

[bsa_pro_ad_space id=11]

M&A Activity

Maximus CEO Bruce Caswell: VES Purchase Brings in Clinical Assessment Platform for Federal Business

Maximus’ (NYSE: MMS) move to purchase Veterans Evaluation Services, a Houston-based facilitator of medical disability compensation and pension exams, for $1.4 billion aims to add business process outsourcing services at the federal level as a complement to state-level independent clinical assessment work, Maximus President and CEO Bruce Caswell told investors Wednesday. He said the deal

News

ASRC Federal President, CEO Jennifer Felix Receives First Wash100 Award From Executive Mosaic CEO Jim Garrettson

Jennifer Felix, president and chief executive officer of ASRC Federal, was presented her first Wash100 Award on Wednesday by Jim Garrettson, CEO of Executive Mosaic and founder of the Wash100 Award, during a visit to ASRC Federal Holding Corp. “Jennifer Felix walked in the door as a COO and has become CEO of one of

Executive Moves

Mike McGovern Named Day & Zimmermann Government Business Development VP; Steve Selfridge Quoted

Mike McGovern, a more than 16-year veteran of Science Applications International Corp. (NYSE: SAIC), has joined Day and Zimmermann‘s government services segment as vice president of business development. He will lead efforts to grow D&Z’s mission support work in the federal civilian and defense sectors, including its portfolio of architecture, engineering, security, staffing and operations

News

DHS Issues Solicitation for $10B FirstSource III IT Contract

The Department of Homeland Security has released a solicitation for the potential 10-year, $10 billion FirstSource III contract for information technology hardware, software, value-added reseller and IT managed services. FirstSource III is a multiple-award, indefinite-delivery/indefinite-quantity contract and a total small business set-aside program with five set-aside tracks for 8(a), HUBZone, service-disabled veteran-owned, women-owned and all

Financial Report

CACI Reports Nearly 6% Q3 Revenue Hike, $1.6B in Contract Awards; John Mengucci Quoted

CACI International (NYSE: CACI) has posted $1.55 billion in revenue for its fiscal year 2021 third quarter ended March 31, a 5.9 percent increase from the prior-year period. Total Q3 net income rose $49.4 percent year-over-year to $120.3 million and 60 percent of $1.6 billion in total single-award contract awards for the January-March period represented

Financial Report

UiPath Raises $1.34B in Stock Market Debut

UiPath (NYSE: PATH) raised $1.34 billion in its initial public offering Wednesday after the New York-based automation software company and its shareholders sold approximately 23.9 million shares at a price of $56 apiece, CNBC reported. UiPath’s shares rose 23 percent to close at $69 apiece, giving the company a market valuation of $35.8 billion. Daniel

Contract Awards

Raytheon Books $243M MDA Contract Modification for AN/TPY-2 Missile Defense Radar Production

Raytheon Technologies (NYSE: RTX) has received a $243.2 million contract modification from the Missile Defense Agency for the delivery of one AN/TPY-2 radar designed for detecting ballistic missiles and guiding the Terminal High Altitude Area Defense system to help it shoot down the threat. The award raised the contract’s total cumulative face value from $1

M&A Activity

Tyler Technologies Concludes NIC Purchase; Lynn Moore Quoted

Tyler Technologies (NYSE: TYL) has closed its purchase of NIC (Nasdaq: EGOV) as part of efforts to expand the delivery of technology platforms and services to public sector stakeholders. NIC CEO Harry Herington will retire and the rest of the company’s leadership team will continue to oversee operations through NIC’s headquarters in Olathe, Kansas, as

News

Guidehouse CEO Scott McIntyre Receives Fifth Consecutive Wash100 Award

Guidehouse CEO Scott McIntyre has received his fifth consecutive Wash100 Award and been recognized for his leadership and vision to drive company growth that demonstrates his work to secure and implement major acquisitions such as Navigant as well as reorganize the company’s focus on advancing its emerging technology capabilities. “The Wash100 Award is a big

Executive Moves

Sarcos, Rotor Nominate Directors for Future Combined Entity

Sarcos Robotics and Rotor Acquisition (NYSE: ROT) have named eight individuals who will sit on the board of the company that will form out of a pending merger with a $1.3 billion transaction value. Ben Wolff, chairman and CEO of Sarcos, will lead the future board when both parties close the deal in the third

GovConWire Top Stories 4/22/2021

Maximus CEO Bruce Caswell: VES Purchase Brings in Clinical Assessment Platform for Federal Business

ASRC Federal President, CEO Jennifer Felix Receives First Wash100 Award From Executive Mosaic CEO Jim Garrettson

Mike McGovern Named Day & Zimmermann Government Business Development VP; Steve Selfridge Quoted

DHS Issues Solicitation for $10B FirstSource III IT Contract

CACI Reports Nearly 6% Q3 Revenue Hike, $1.6B in Contract Awards; John Mengucci Quoted

UiPath Raises $1.34B in Stock Market Debut

Raytheon Books $243M MDA Contract Modification for AN/TPY-2 Missile Defense Radar Production

Tyler Technologies Concludes NIC Purchase; Lynn Moore Quoted

Guidehouse CEO Scott McIntyre Receives Fifth Consecutive Wash100 Award

Sarcos, Rotor Nominate Directors for Future Combined Entity

About GovConWire

ExecutiveGov

ExecutiveBiz