The Pentagon has launched a new review of all services contracts to ensure they are still required, according to Defense Department Comptroller Mike McCord.
The Pentagon has launched a new review of all services contracts to ensure they are still required, according to Defense Department Comptroller Mike McCord.
With the appointment of contracting veteran David Dacquino to a newly created position, Serco has adjusted its structure to ensure it remains close to its customer.
A think tank report released this week found that Pentagon spending on services contracts has largely been insulated from a declining defense budget, despite a significant drawdown in the U.S. military presence overseas and a desire in Congress and the Defense Department to funnel greater resources to other priorities.
Leidos said Tuesday it has agreed to combine its company with Lockheed Martin's IT services business in a deal that would create the largest government services contractor with about $10 billion in annual sales and roughly 33,000 employees.
Security contractor PAE said Tuesday that private-equity firm Platinum Equity has agreed to acquire it from owner Lindsay Goldberg, also a private-equity company.
The Defense Department is focusing on how to better manage the $145 billion it spent on the acquisition of services in fiscal year 2015, while the Government Accountability Office is in the final stages of crafting a report on the matter, according to a top Pentagon official.
A new instruction on Defense Department services acquisition represents a positive step, several industry analysts tell Inside Defense.
Fresh off two years as chief of staff to Homeland Security Secretary Jeh Johnson, Christian Marrone said he was drawn to his new job at government services contractor CSRA because of the company's opportunity to carve out a place for itself.
Following CACI International's announcement that it will buy L-3 Communications' services business, CACI's chief executive said he expects the contractor to continue to actively pursue deals in a rapidly changing industry.
CACI International said Tuesday it has agreed to acquire L-3 Communications' national security solutions business, a services unit that works with the Pentagon as well as intelligence and civilian agencies, for $550 million.
Split from Computer Sciences Corp. and designed to focus on U.S. government work, CSRA will still retain a focus on commercial practices, the contractor's chief executive told Inside Defense this week.
Lockheed Martin has postponed a planned decision on its government IT infrastructure services and technical services businesses from the end of this year to the first quarter of next year, according to the contractor's chief financial officer.
Lou Von Thaer, the new chief executive of training and logistics contractor DynCorp International, is hoping to grow the business with foreign sales while staying close to the company's core skills, he told Inside Defense in an interview.
Panelists at a Professional Services Council event on Thursday agreed the defense industry is reshaping, but argued it's too simplistic to call it consolidation.
There are government contracting businesses worth billions up for potential sale, but one wouldn't know it from listening to the chief executives of some of the largest government contractors.
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