THIS WEEK'S TOP NEWS STORIES
Executive Mosaic Announces 2021 Wash100 Award Recipients; CEO Jim Garrettson Quoted
Executive Mosaic, the leading provider in connecting, promoting and branding government and government contracting (GovCon) executives of consequence, will proudly present the 2021 Wash100 Award, the most prestigious and prominent award in all of GovCon, to the 100 distinguished executives who have demonstrated excellence in leadership, innovation, reliability, achievement and vision.
Veritas Capital Strikes $7.1B Deal for Perspecta; Mac Curtis, Stu Shea, Ramzi Musallam Quoted
Veritas Capital has agreed to acquire Perspecta (NYSE: PRSP) in an all-cash deal worth $7.1 billion and plans to merge the latter with Peraton to establish a government technology platforms provider focused on delivering end-to-end information technology capabilities and mission support to U.S. government clients. Perspecta stockholders will get $29.35 in cash per share under the terms of the transaction, which is expected to conclude in the first half of calendar year 2021.
Veritas Capital Completes $3.4B Northrop Unit Buy; Peraton to Oversee IT, Services Business; Ramzi Musallam, Stu Shea Quoted
Veritas Capital has completed its $3.4 billion acquisition of Northrop Grumman’s IT and mission support services business. Veritas announced the multi-billion dollar transaction in December 2020, stating that the transaction will enable Veritas to establish a technology-enabled services platform that can deliver support to a wide range of critical government missions through its combination with Peraton. “The completion of this transaction brings together two dynamic businesses with complementary, mission-critical solutions and capabilities, creating an industry-leading platform with a shared commitment to customer success,” said Ramzi Musallam, chief executive officer and managing partner of Veritas, and 2020 Wash100 Award recipient.
NuWave Merges with PCI to Form BigBear.ai; Reggie Brothers Quoted
NuWave Solutions and PCI Strategic Management have merged to form BigBear.ai. BigBear.ai will be led by CEO Dr. Reggie Brothers, former CEO of NuWave, GovCon Expert and 2021 Wash100 Award recipient, and Sean Battle, vice chairman and chief strategy officer, who co-founded PCI and served as CEO. "This combination is a game changer for the industry," said Brothers.
AECOM Names Andrew Liu as SVP, Growth Director for Transportation Business in US West Region
AECOM has appointed Andrew Liu as senior vice president and director of growth for the company’s U.S. West region transportation business, where he will work to lead growth for the segment. “We are pleased to have Andrew return to AECOM and help lead our transportation strategy and growth,” said Travis Boone, regional chief executive for AECOM’s U.S. West region.
Parsons-Leidos-SAIC-SRC Team to Pursue $953M USAF Base Protection Contract
Parsons (NYSE: PSN) has teamed up with Leidos (NYSE: LDOS), Science Applications International Corp. (NYSE: SAIC) and SRC to compete for a potential 10-year, $953M contract seeking new systems that would protect U.S. Air Force bases in Europe and Africa.
White House Eyes Jen Easterly, Robert Silvers, Eric Goldstein to Fill Top Cyber Positions
President Joe Biden plans to appoint former Obama administration officials Jen Easterly, Robert Silvers and Eric Goldstein to top three cybersecurity positions, Politico reported Friday.
Mark Peters Starts Role as Battelle Lab Operations EVP; Lou Von Thaer Quoted
Mark Peters, formerly director of the Idaho National Laboratory, has transitioned to new work as Battelle's executive vice president of laboratory operations after more than five years of INL leadership.
Pine Island Names David Wajsgras, Matthew Levine as Partners
Pine Island Capital Partners has appointed David Wajsgras, a 2020 Wash100 Award recipient, and Matthew Levine to serve as partners and on the firm’s investment committee. Wajsgras will bring two decades of experience at the senior executive management level, where he has provided operational, strategic and financial leadership across the aerospace, commercial and defense industries.
Alejandro Mayorkas Begins Work as Homeland Security Secretary
NEWAlejandro Mayorkas, former deputy secretary at the Department of Homeland Security, was sworn in as DHS secretary Tuesday shortly after a 56-43 confirmation vote by the Senate. He became the first immigrant to hold the No. 1 position at the department, DHS said Tuesday.