Executive Mosaic’s weekly round-up of news is a can’t-miss, digestible snapshot of the GovCon industry covering the biggest executive moves, mergers & acquisitions and contracts straight from the pen of one of GovCon’s most respected facilitators and sources of breaking news, Jim Garrettson.This week, the newsletter contained major executive moves at PAE and STG. It also included news about SAIC, SRA and HP.
At SAIC, the board of directors approved the spinoff of Leidos which is meant to be a $7 billion business, led by John Jumper and headquartered in Reston,Va.
Each SAIC stockholder will receive one common stock ofScience Applications, the second of the two companies, for every seven shares they hold of SAIC.
Trading for Leidos will begin on the NYSE on Sept. 30.
SRA International has unveiled a new cloud offering to help government agencies move to a cloud environment.
Bill Ballhaus, SRA CEO, said the company designed the platform to help agencies reduce risk, gain cyber situational awareness and achieve FISMA compliance.
The name of the new offering is Stratify, according to the article.
In other news, HP has won a $56 million to update personnel secuirty systems at the DoD’s manpower data center.
“To meet the complex needs of many of our government clients, it is critical to bring together process, personnel and infrastructure to best utilize resources,” said Marilyn Crouther, SVP and GM of the U.S. public sector at HP Enterprise Services.
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The newsletter contained two pieces of executive news, one about STG and the other about Arlington, Va.-based PAE.
Bill Perlowitz has been named SVP and CTO at STG where he will lead a team of technical experts.
Tom Anderson, STG COO, said Perlowitz brings more than 30 years of technical leadership to his new role at the Reston, Va.-based company.
Bill Lietzau has been named VP and deputy general counsel at PAE.
He most recently served as deputy assistant defense secretary for the rule of law and detainee policy.
He will be working with Whit Cobb, current general counsel at the company.
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