ManTech International Corp. reported 43.7 percent growth in income from continuing operations and 12.8 percent growth in revenue for the company's second quarter.
The Office of Management and Budget has approved the $1 billion Transportation Security Administration contract award to Unisys Corp. for the company to build and maintain TSA's IT infrastructure. Approval from OMB came about 7:15 p.m. Aug. 13, TSA Chief Information Officer Patrick Schambach said at a Federal Sources Executive Breakfast Aug. 14. "I'm a happy man this morning," he said.
Veridian Corp. announced Aug. 13 it has signed an agreement to acquire Signal Corp., a privately owned systems integrator, for $227 million in a combination of cash and notes. Signal expands the company's presence in the defense and command, control, communications, computers, intelligence, surveillance and reconnaissance community, and "gives Veridian access to new markets in key civilian agencies, which we believe will become increasingly important as homeland security unfolds," said David Langstaff, Veridian president and CEO.
The Army selected Lockheed Martin Corp. and General Dynamics Corp. for the initial phases of its multibillion dollar Warfighter Information Network-Tactical program.
<FONT SIZE=2>General Dynamics Corp.'s aggressive moves to position itself as an information technology provider to the Defense Department are well known. But the company also has been quietly working to win more business with civilian agencies, especially by leveraging its engineering and network talents developed for defense customers.</FONT>
<FONT SIZE=2>	Employees of Scitor Corp., a provider of high-technology services to the U.S. intelligence community and the Department of Defense, have acquired all of the company's common stock. </FONT>
<FONT SIZE=2>	Science Applications International Corp. has entered into a strategic relationship with OnStream Media of Boca Raton, Fla., to offer customers Web-based audio and video management services. </FONT>
ManTech International Corp. has completed the acquisition of enterprise protection and technical services firm Aegis Research Corp., the company announced Aug. 6.
PwC Consulting won't be going public after all. The company announced July 30 that instead of spinning off from its parent company, New York accounting firm PricewaterhouseCoopers LLP, PwC Consulting would instead be bought by information technology giant IBM Corp. of Armonk, N.Y., for $3.5 billion in cash and stock.
Employees of Scitor Corp., a provider of high technology services to the U.S. intelligence community and the Department of Defense, have acquired all of the company's common stock.
Science Applications International Corp. filed a protest with the General Accounting Office over the award of a five-year, $154.4 million Navy contract to Veridian Corp.
Tim Sheahan is president of the new Enforcement, Security and Intelligence Division, and Pat Ways is president of business development for the Federal Sector business unit.
Systems integrators could see a surge in outsourcing and large-scale information technology projects under proposed changes in how the states are allowed to spend federal funds earmarked for IT programs.
Symantec Corp. is strengthening its position in the government market with the planned purchase of three information security companies, announced by the company. The three acquisitions, which should be completed by mid-August, total approximately $355 million in cash.
