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.
The New York joins Global Crossing Ltd. and Sprint Communications Corp. in objecting to the award of the Defense Research and Engineering Network contract to WorldCom.
Move over combat systems and aerospace: For the first time, General Dynamics Corp.'s information technology group has generated more revenue than the aerospace, combat systems or other groups more traditionally associated with the company's defense work.Chairman and chief executive officer Nicholas Chabraja said: "Information Systems and Technology was the sales leader for the first time among our four groups."
Lockheed Martin Corp. is searching for additional talent to complement the team it has assembled to pursue the Army's Warfighter Information Network-Tactical, a $7 billion contract.
Sprint Communications filed a protest with the General Accounting Office over last week's award of the Defense Research and Engineering Network contract to WorldCom Inc.
The General Services Administration has modified one of the company's Metropolitan Area Acquisition contracts so it may make available a portfolio of voice and data communications products.
Electronic Data Systems Corp. has realigned its largest business units and promoted three key executives. The changes will leverage EDS' traditional It outsourcing strength into the growing markets for business process outsourcing and IT solutions consulting.
Paul Kayatta left his position as president of Global Crossing Government Markets to become president of Pragmatics Inc., a systems and software engineering company.
