Army wraps up awards for $379M training support contract
The Live Training Ranges and Combat Training Centers contract covers continues tech refreshments and other modernization work to aid in the readiness of soldiers. The Army has finalized its award of a potential eight-year, $378.7 million contract to 11 companies that will provide lifecycle support for the military branch’s live training ranges and combat training centers. […]
The public company acquirer remains a unicorn in the M&A action
While in the minority, this group of serial buyers requires a different sort of attention and conversation given that they are publicly-traded and have to explain it all. The clear majority of merger-and-acquisition activity in the government market involves private equity groups, either via their acquisition of a company or follow-on purchases to further scale out […]
Spending and workforce cuts will harm VA’s modernization work, Democrats say
Rep. Mark Takano, D-Calif., said cuts across VA are forcing the department “to decide between keeping staff on the floor, and investing in expensive equipment that may sit idle without enough personnel to operate it.” Democrats on the House panel overseeing the Department of Veterans Affairs used a Tuesday hearing on biomedical innovation to voice serious […]
VA names 9 medical facilities that will receive new EHR in 2026
The department said it plans to deploy the modernized electronic health record at a total of 13 sites next year following a pause on most rollouts of the software that was instituted in April 2023. The Department of Veterans Affairs on Monday officially announced the nine additional VA medical facilities slated to receive the new Oracle […]
Retired Leidos exec shares how the company instilled agility into its corporate culture
Gerry Fasano looks back at a 41-year career and why his favorite job was leading the integration of the Lockheed Martin IS&GS services business into Leidos, which essentially created a new company. Gerry Fasano, now former chief growth officer for Leidos as of April 4, jokes that he worked at four companies over 40 years but […]
Defense tech, digital modernization drive GovCon M&A in 2024
Private equity firms led the charge with 85 out of 159 closed transactions as companies reposition themselves for emerging market opportunities. Mergers and acquisitions are one of the best barometers for tracking trends in the government contracting market. What companies are buying – and increasingly what they are selling – tells us what company executives and […]
DARPA launches competition for $700M ‘episodic mission IT’ vehicle
The Defense Advanced Research Projects Agency has no cap in the number of awards for this contract that covers application analysis and cybersecurity work, among other areas. The Defense Advanced Research Projects Agency is now ready for small businesses to start working on and submitting proposals for a potential five-year, $700 million contract vehicle focused on […]
Your contract termination has been reversed. Now what?
Agencies can call, and are calling, contractors back to work after telling them their services are no longer required. For better and for worse, government contractors have built up some institutional knowledge of how to function when their agency customers issue stop-work orders and send directives to restart the contract after re-opening. The 16-day shutdown in […]
Our 2024 M&A roundup is now available
Merger and acquisition volume hit a three-year high in 2024 with 158 closed transactions. Our annual mergers and acquisitions roundup is now live on our website and you can see a listing of all closed mergers and acquisitions from 2024. With the help of the investment banks Baird & Co. and KippsDeSanto, we identified 158 closed […]
GSA chooses 9 for $919M supply chain monitoring software pact
The General Services Administration designed this blanket purchase agreement for other agencies to acquire tools that can help them vet suppliers and monitor for other risks to supply chains. The General Services Administration has awarded nine companies positions on a potential 10-year, $919.7 million blanket purchase agreement covering supply chain risk illumination software tools and related […]