Weekly Roundup May 18 – May 22 2015

Weekly Roundup
May 18 – May 22 2015

A Note From Our President & Founder Jim Garrettson

Another notable government contractor has decided to chart a new path through a separation into two independent, publicly-traded companies and become the latest GovCon firm to undertake a reshaping of its portfolio.

CSC, the IT consultant founded in 1959 in Los Angeles, ended months of speculation over its future this week with the announcement that it would divide into one company solely focused on the U.S. public sector and another firm that will work in commercial and non-U.S. government markets.

The Falls Church, Va.-based company expects to complete the split by October and stockholders will hold shares in both companies.

Mike Lawrie, CSC CEO, will hold the executive chairman title for the U.S. public sector company and lead the commercial-focused firm as chief executive.

Other decisions such as locations of both companies and executive leadership are pending, but CSC’s decision to separate harkens back to many other large-scale restructures GovCon firms have made over the last four years.

ITT spun off its defense business in 2011 into what is now known as Exelis, which then in turnspun off its services segment in 2014 into the company now branded Vectrus.

The former Science Applications International Corp. split in 2013 into the companies now known as SAIC and Leidos, while L-3 Communications spun off its government services segment in 2012 into the contractor now known as Engility.

In the same week CSC announced it would break up, Harris’ pending acquisition of Exelis took a step forward with the news that Exelis’ stockholders voted to accept the $4.75 billion cash-and-stock offer from Harris to acquire the company.

Harris also received the Justice Department’s antitrust approval for the transaction and both companies now expect the deal to close May 29.

The deal will create a defense technology maker with approximately $8 billion in annual revenue and close to 23,000 employees, the companies said at the time of the original announcement.

—–

The Potomac Officers Club’s next event for public and private sector leaders will kick off the “CIO Summer Series,” where IT leaders from federal agencies will offer their perspectives on spending priorities and what is in store for the year ahead.

POC’s first event of the series will feature Terry Halvorsen, the Defense Department’s chief information officer, with more CIOs to come for the remainder of the series.

After that, POC’s June 16 “Internet of Things” summit will feature discussions on how the Internet has converged with appliances, automobiles and building systems.

Vint Cerf, widely recognized as a “father of the Internet” and Google’s chief Internet evangelist, will address the executive audience at the half-day event in McLean, Va.

Other speakers include Dan Doney, chief innovation officer at the DefenseIntelligence Agency, and Kevin Kampschroer, GSA’s director of federal high-performance green buildings.

Click here to register for these events and to view POC’s full calendar.

THIS WEEK’S TOP NEWS STORIES

Jonathan Scholl to Join Leidos as Health, Engineering President
Scholl is a 15-year veteran of the Boston Consulting Group and spent the last five years as chief strategy officer for a nonprofit health organization in Texas.
20 Companies Win Spots on $8B NETCENTS-2 Infrastructure Services IDIQ
Twenty-one firms submitted proposals for the contract to support network operations and legacy systems for the U.S. Air Force.
Denise Turner Roth to be Nominated Full-Time GSA Administrator
Turner-Roth has led the agency on an acting basis since February, when Dan Tangherlini left GSA after close to three years as administrator.
Cynthia Shelton Joins CenturyLink Gov’t Segment as Special Program Sales VP
Shelton will oversee the telecommunications contractor’s sales of intelligence and cybersecurity services to federal agencies.
Biff Lyons, Parsons SVP, on Converged Security Trends to Watch and Cyber’s Year Ahead
Lyons also offers his perspective on how to build the future STEM workforce in Q&A with ExecutiveBiz.
US Navy Awards $544M Software License Renewal BPA to Insight Public Sector
The potential three-year blanket purchase agreement covers Microsoft licenses for the Navy and Marine Corps.
Bill Bodie Returns to Parsons in Middle East, Africa EVP Role
Bodie’s first stint at Parsons was between 2010 and 2013 and he most recently led business development functions for Fluor’s government segment.
Peter Romness: Organizations Must Take ‘Platform Approach’ to Secure IoE Networks
Cisco’s U.S. public sector cybersecurity head overviews potential cybersecurity risks agencies face with the “Internet of Everything.”
Mike Howell of ODNI Poses Internet of Things Security Questions for Agencies, Enterprises
ODNI’s information sharing deputy program manager addresses privacy issues, security implications for commercial and public sectors.
Report: SASC Seeks to Give Weapon Program Mgmt Authority to Service Chiefs
The committee’s version of a 2016 defense policy bill would call on DoD’s acquisition chief to manage 80% of the military’s annual contracting programs.
Alan Shaffer: US Should Aim for ‘Enhanced Mutual Reliance’ Through Int’l R&D Collaboration
DoD’s head of research and development also overviews his new role as head of NATO’s collaboration support office.
Frank Kendall Keeps Close Eye on NDAA Procurement Reform Provisions
The military’s top acquisition official offers his views on the role of uniformed leaders in acquisition decisions.
Ray Mabus: Navy Must Maintain Tech R&D Budget
The Navy secretary calls for the protection of funds for science and research and development in order to maintain the U.S.’ technological advantage.
DARPA Seeking Nontraditional Contractors to Help Build Robotic Systems
Goals for Robotics Fast Track initiative participants include a prototype within six months to a year under $150,000 in funds.
Share
Tweet
Forward
Print
This entry was posted in Publishers Corner and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.