Lockheed Martin Corp. has completed its acquisition of Stasys Ltd., a U.K. technology and consulting firm that specializes in network communications and defense interoperability.
Alion Science and Technology Corp. has acquired Carmel Applied Technologies Inc., a developer and integrator of systems to produce 3-D visuals for flight simulators.
The General Services Administration this spring will release a $5 billion, 10-year governmentwide acquisition contract for service-disabled veteran-owned IT small businesses.
Affiliated Computer Services Inc. has acquired Visionary Systems Ltd., a provider of fire and emergency medical services solutions, in a cash deal worth $16.5 million.
Computer Sciences Corp. completed its $850 million divestiture of DynCorp International, DynMarine and selected DynCorp Technical Services contracts to Veritas Capital Inc. of New York.
Computer Sciences Corp. completed its $850 million divestiture of DynCorp International, DynMarine and selected DynCorp Technical Services contracts to Veritas Capital Inc. of New York.
Verizon Communications Inc. of New York last week said it would buy MCI Communications Corp. for $6.7 billion in cash, equity and a special dividend payment.
Carly Fiorina's departure as Hewlett-Packard Co.'s chairman and chief executive -- with no permanent replacement lined up -- could be a marketing boon for HP competitors in the government market, one analyst suggested.
Lockheed Martin Corp. is planning to buy the Sytex Group Inc. for $462 million. Sytex offers IT solutions and technical support services to the Defense Department and other federal agencies.
Affiliated Computer Services Inc. has acquired Visionary Systems Ltd., a provider of fire and emergency medical services solutions, in a cash deal worth $16.5 million.
Recent telecommunications merger announcements will reduce the number of carriers in the government marketplace, but will let the surviving companies offer more comprehensive services to the federal customers.
After companies sign a letter of intent, they still have plenty of hard work ahead to complete the deal. Smart sellers need to protect themselves from transactions that slip away after the letter of intent is signed.
Each month, an average of 115 companies apply to the General Services Administration to join the ranks of the 4,000-plus Schedule 70 contractors. This means that each month, more than 100 companies -- mostly small businesses -- are taking the very first steps to enter the federal IT marketplace.
"It's eat or be eaten," said Russell Wright, Dimensions International Inc.'s chief executive officer, regarding his June 2004 decision to acquire Sentel Corp. The move doubled the size of his company to about $100 million. "We decided we weren't ready to be bought," he said.
The Small Business Administration is changing its Historically Underutilized Business program to help small businesses create more jobs in economically distressed communities.
