Wholly owned subsidiary Perot Systems Government Services Inc., formerly ADI Technology Corp,.won a 10-year, $392 million contract from the Naval Sea Systems Command.
Microsoft Corp. has reorganized its government operations so that U.S. federal, state and local and foreign government sales, marketing and consulting are all under one roof in Washington. The Microsoft Government group is headed by Pete Hayes, industry vice president, and employs some 1,000 people. U.S. government people report directly to Hayes; those outside of the United States have a dotted line to him.
The state of Georgia may be forced to find more bidders for its huge outsourcing communications project if troubled telecommunications and Internet services giant WorldCom Inc. cannot sustain its bid, according to state officials and industry observers. WorldCom is leading one of two teams pursuing the Georgia Convergent Communications Outsourcing, a 10-year deal worth $1.87 billion. The other team is led by Electronic Data Systems Corp.
The Canadian subsidiary of General Dynamics Corp., Falls Church, Va. has won a $128 million contract the to supply and integrate a new data management system for the Canadian Department of National Defence.
Veridian Corp.'s stock closed June 5 at $18.15 per share in its first day of trading on the New York Stock Exchange, up 13.44 percent from its initial public offering price of $16. The stock opened the day at $18. "We felt we had a very well-received offering and strong investor interest," said David Langstaff, president and chief executive officer, who rang the day's closing bell on the exchange.
SI International Inc. has become the latest in a growing line of government-focused IT companies looking to Wall Street. The company filed May 10 for a $75 million initial public offering of its stock. In its registration statement with the Securities and Exchange Commission, SI said its shares will trade on NASDAQ under the symbol "SIIT." Ray Oleson is the chief executive officer of SI.
Total System Services Inc. has signed a five-year agreement valued at more than $120 million with Accenture Ltd. to process postsecondary student grant and loan funding for the Department of Education, the company announced April 30.
Seven companies have been selected for next generation engineering services for the Defense Information Systems Agency. The indefinite delivery, indefinite quantity contract vehicle will have a seven-year life and has an overall ceiling of $1 billion.
