THIS WEEK'S TOP NEWS STORIES
Amentum has agreed to acquire PAE?(Nasdaq: PAE) in an all-cash transaction valued at approximately $1.9 billion as part of efforts to establish a technology services provider serving U.S. federal agencies and allied governments.?PAE’s board of directors approved the transaction that is expected to be completed by the end of the first quarter of 2022.
George Wilson, president of?ASGN’s (NYSE: AGN) ECS subsidiary and a four-time?Wash100 Award?winner, is set to retire by the end of 2021 and will be?succeeded?by ECS Chief Operating Officer?John Heneghan. Prior to ECS, Heneghan served as a VP at?CGI’s (NYSE: GIB) federal arm and director of corporate development and proposals at Stanley Associates, now part of the CGI Federal business.
A joint venture led by?BWX Technologies' (NYSE: BWXT) technical services subsidiary will perform environmental management work for the Department of Energy at the Savannah River Site in South Carolina under a potential 10-year, $21 billion contract.
Stantec (NYSE: STN)?has agreed to?acquire Cardno’s engineering and consulting businesses?in North America and the Asia-Pacific region for approximately $500 million to expand its environmental services practice and broaden its presence in federal and local government programs, urban development, infrastructure services and other growth areas.
The State Department issued a draft solicitation for the potential?$8 billion Evolve contract for information technology?platforms and support services in preparation for an industry day that is set to take place Monday, Oct. 25, for the acquisition effort.
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Michael Conlin, chief technology officer of?Definitive Logic and 2020?Wash100 Award?recipient, recently spoke with?ExecutiveBiz?for his first?Executive Spotlight?interview regarding his first year in his role with?Definitive Logic?and the impact his leadership has had on the company’s growth as well as the challenges of cloud adoption for federal agencies, brushing through the hype of AI technology and more.
Sev1Tech?has finalized its acquisition of?Geocent, a New Orleans, Louisiana-based DevSecOps and engineering services provider.?Bob Lohfeld, CEO of Sev1Tech, said the two companies both share long-standing government agency partnerships, deep federal experience and complementary core values, which uniquely positions the partnership to expand its market reach and strengthen its relationship with key defense agencies such as the Department of Homeland Security.
Gen. Mark Milley, chairman of the Joint Chiefs of Staff and a four-time?Wash100 Award?winner, said?China’s test of a hypersonic weapons technology?in August is “very concerning." "I don’t know if it’s quite a Sputnik moment, but I think it’s very close to that,” he said.
L3Harris Technologies?(NYSE: LHX) has won a potential $120.8 million contract from the U.S. Space Force to support the modernization of electronic warfare systems built to deny adversarial satellite communications. The company will update 16?Block 10.2 Counter Communications Systems?situated at three USSF bases within the U.S. and in overseas classified locations, the Department of Defense said Friday.
Anthony Robbins, vice president of the federal business at NVIDIA, was presented his fourth?Wash100 Award, the highest honor in all of government contracting (GovCon), by Executive Mosaic CEO?Jim Garrettson?during a 4x24 membership dinner on Tuesday evening.