Energy Enterprise Solutions LLC won a $1 billion competitive sourcing contract from the Energy Department to provide consolidated IT services?one of the largest federal IT services contracts ever awarded to a small business.
In just one year, the Network-Centric Solutions program has brought a windfall of $429.7 million to the eight prime contractors allowed to bid on the work.
Affiliated Computer Services Inc. of Dallas sold its $200 million-a-year welfare-to-workforce services to Arbor E&T LLC for an undisclosed sum in a deal expected to close in January.
Investors' interest in federal IT, defense and homeland security companies has been affirmed again through recent public offerings by special purpose acquisition corporations, or SPACs.
High health care and energy costs coupled with the regional devastation caused by recent hurricanes are creating a poor climate for small business growth, according to a study released today by the House Committee on Small Business.
Affiliated Computer Services Inc. has sold its welfare-to-workforce services to Arbor E&T LLC for an undisclosed sum in order to focus on its core business process and IT outsourcing services.
The IRS has awarded Total Information Processing Support Services-3 contracts to 21 vendors. The contracts are valued at up to $3 billion over five years.
Level 3 Communications Inc. of Broomfield, Colo., will buy Internet services provider WilTel Communications Group LLC for $370 million cash and 115 million shares stock in a deal to close in the first quarter of 2006.
AT&T Government Solutions underscored its commitment to small-business partnering when it tapped 30 such companies for its team chasing the gargantuan Networx telecommunications contracts.
SiloSmashers Inc. has won a pair of contracts from the Interior Department totaling $9.7 million to help merge two previously separate federal acquisition centers into a single procurement organization.
Level 3 Communications Inc. has agreed to buy Internet services provider WilTel Communications Group LLC for $370 million in cash and 115 million shares of Level 3 common stock.
The Federal Communications Commission today approved the mergers of SBC Communications Inc. and AT&T Corp. and Verizon Communications Inc. and MCI Inc. The deals could be final by early 2006.
The Federal Communications Commission is expected today to decide whether to approve SBC Communications Inc.'s $16 billion purchase of AT&T Corp. and Verizon Communications Inc.'s $8.5 billion purchase of MCI Inc.
Washington Post business columnist Steven Pearlstein gives his take on why the rumored acquisition of Computer Sciences Corp. by Lockheed Martin Corp. isn't such a good thing.
