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GovConWire's Government Contracting News 8/8/2022

QinetiQ US Strikes $590M Deal for Avantus Federal; Shawn Purvis Quoted
M&A Activity

QinetiQ US Strikes $590M Deal for Avantus Federal; Shawn Purvis Quoted

QinetiQ Group’s U.S. arm has agreed to buy Avantus Federal from NewSpring Holdings for approximately $590 million to expand its U.S. footprint and establish a growth platform to address the defense and intelligence challenges facing government clients. QinetiQ US said Friday it expects the acquisition to close by the end of calendar year 2022, pending
Applied Research Associates Wins Potential $582M Contract to Support DTRA R&D Directorate
Contract Awards

Applied Research Associates Wins Potential $582M Contract to Support DTRA R&D Directorate

Applied Research Associates has won a potential 10-year, $582 million contract to provide operational support to the Defense Threat Reduction Agency’s research and development directorate The New Mexico-based company will implement R&D enabling capabilities for the directorate, which is tasked with helping the U.S. military counter weapons of mass destruction, the Department of Defense said
James Lackey Appointed Parsons Mission Solutions Sector SVP
Executive Moves

James Lackey Appointed Parsons Mission Solutions Sector SVP

James Lackey, former senior vice president of operations for Parsons‘ (NYSE: PSN) integration and production division, has transitioned to a new role as SVP of the defense and intelligence mission solutions sector. He is responsible for overseeing a portfolio of integrated hardware and software offerings for ground station command and control, space satellite launch integration,
ICF Reports 14% Growth in Q2 Government Segment Revenue; John Wasson Quoted
Financial Reports

ICF Reports 14% Growth in Q2 Government Segment Revenue; John Wasson Quoted

ICF (Nasdaq: ICFI) saw its revenue from government clients for the second quarter of fiscal year 2022 increase 13.9 percent to $316.4 million. The Fairfax, Virginia-based consulting and technology services company said Friday its Q2 federal government revenue was $225.2 million, representing 53 percent of total revenue. Sales from U.S. state and local government customers
State Department Awards $350M Financial Management Support Contract to IFAS
Contract Awards

State Department Awards $350M Financial Management Support Contract to IFAS

Woodbridge, Virginia-based Integrated Finance and Accounting Solutions has been awarded a potential $350 million contract to provide support services to the State Department’s Bureau of the Comptroller and Global Financial Services. The department announced the Charleston Global Financial Services indefinite-delivery/ indefinite-quantity contract through an award notice published Friday. CGFS-Charleston provides financial services to the State
Parsons Updates Financial Outlook for 2022; CEO Carey Smith Talks Largest Acquisition Since IPO
Financial Reports

Parsons Updates Financial Outlook for 2022; CEO Carey Smith Talks Largest Acquisition Since IPO

Parsons (NYSE: PSN) has raised full-year sales guidance to reflect improved organic performance for the 2022 second half and the company’s $388 million acquisition of Xator that closed May 31. The Centreville, Virginia-based company said in its second quarter earnings statement it now expects revenue in the $3.95 billion-$4.15 billion range compared to the prior $3.7 billion-$3.9 billion
Tribe-Owned Command Holdings Buys Management Consultancy WWC Global
M&A Activity

Tribe-Owned Command Holdings Buys Management Consultancy WWC Global

Command Holdings, the non-gaming investment arm of the Mashantucket Pequot Tribal Nation, has acquired WWC Global, a woman-owned consulting services provider to the federal government sector. WWC Global principals Lauren Weiner, Donna Huneycutt and Heidi Snell will serve on the tribally owned holding company’s executive team as a result of the acquisition, the management consultancy
Maximus Revises FY 2022 Earnings Guidance on Q3 Results; CEO Bruce Caswell Shares ‘Strategic Pillars’ With Investors
Financial Reports

Maximus Revises FY 2022 Earnings Guidance on Q3 Results; CEO Bruce Caswell Shares ‘Strategic Pillars’ With Investors

Maximus (NYSE: MMS) has updated earnings per share guidance for its 2022 fiscal year, primarily due to third quarter results that include an $11.7 million writedown in a contract outside the company’s U.S. segment. The Tysons, Virginia-based government services provider now expects diluted EPS of between $2.85 and $3.05, compared to the previous forecast in
DARPA Seeks Research for Planning Microelectronics R&D Center
News

DARPA Seeks Research for Planning Microelectronics R&D Center

The Defense Advanced Research Projects Agency is seeking information on microelectronics manufacturing-related capabilities and processes to help it plan for a domestic research, development and production center for 3D heterogeneous integration microsystems. In a presolicitation notice posted Friday on SAM.gov, DARPA said the broad agency announcement will provide research on 3DHI microsystems and facility requirements
Elizabeth Robertson Promoted to VP Role at Leidos Subsidiary Dynetics
Executive Moves

Elizabeth Robertson Promoted to VP Role at Leidos Subsidiary Dynetics

Elizabeth Robertson, formerly a program manager of Dynetics, has been elevated to a vice president role at the Leidos (NYSE: LDOS) subsidiary, she announced Sunday in a LinkedIn post. Robertson has managed Dynetics’ Enduring Shield program since December 2021. The Huntsville, Alabama-based business won a $237 million contract last year to build a mobile ground-based
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