The Cybersecurity Maturity Model Certification (CMMC) standards require third-party assessments on security requirements for contractors to bid on DOD contracts. Rocky Thurston of Perspecta and Seth Storie of ArdentMC look at how much CMMC will impact contractors, plus share perspective on ways it could change federal contracting overall.
Perspecta (NYSE: PRSP) has won a potential six-year, $201.5 million follow-on contract to provide content delivery services for the Defense Information Systems Agency. The Defense Information Technology Contracting Organization received four offers for the Global Content Delivery Services II single-award, indefinite-delivery/indefinite-quantity contract.
Covalus LLC,* Dallas, Texas (W912DY-21-D-0006); Holitna Construction LLC,* Anchorage, Alaska (W912DY-21-D-0007); Martek Global Solutions LLC,* Bethesda, Maryland (W912DY-21-D-0008); and Workplace Solutions Inc.,* Jacksonville, Florida (W912DY-21-D-0009), will compete for each order of the $495,000,000 firm-fixed-price contract to support military healthcare construction/renewal projects. Bids were solicited via the internet with 19 received.
NEW YORK, Feb. 10, 2021 /PRNewswire/ -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Leisure Acquisition Corp.
In this month's bid protest roundup, Locke Bell at MoFo looks at three U.S. Court of Federal Claims and U.S. Government Accountability Office decisions that emphasize that small businesses should recertify after an acquisition, that offerors should file conflict of interest protests early on, and that offerors should not make assumptions that may conflict with material solicitation requirements.
Millennium Engineering & Integration Co.'s footprint in the defense and technology space is about to get larger. The Arlington systems engineering company, also known as MEI, merged with Huntsville, Alabama, firm QuantiTech LLC in a deal announced Wednesday. Terms of the transaction were not disclosed.
Fitch Ratings - New York - 08 Feb 2021: Fitch Ratings has downgraded one and affirmed 13 classes of JPMCC Commercial Mortgage Securities Trust 2017-JP5. View additional rating details Increased Loss Expectations: The Downgrade to class E-RR reflects an increase in loss expectations since Fitch's last rating action due to a greater number of Fitch Loans of Concern (FLOCs) that have been affected by the slowdown in economic activity attributed to the coronavirus pandemic.
HERNDON, Va., Feb. 9, 2021 /PRNewswire/ -- Peraton, the world's leading mission capability integrator, will participate in Cowen's 42nd Annual Aerospace/Defense & Industrials Conference webcast on Thursday, February 11. Stu Shea, Chairman, President and CEO, will speak on February 11 at 2:20pm ET.
Rating Action: Moody's upgrades Peraton's CFR to B2 from B3, assigns B1 rating to planned first lien credit facility, outlook stableGlobal Credit Research - 09 Feb 2021Approximately $2.4 billion of new debt ratedNew York, February 09, 2021 -- Moody's Investors Service ("Moody's") upgraded Peraton Corp.'s ("Peraton") Corporate Family Rating and Probability of Default Rating of Peraton Corp.
CHANTILLY, Va. (AP) _ Perspecta Inc. (PRSP) on Friday reported fiscal third-quarter earnings of $31 million. The Chantilly, Virginia-based company said it had net income of 19 cents per share. Earnings, adjusted for one-time gains and costs, were 56 cents per share. The results surpassed Wall Street expectations.
CHANTILLY, Va., Feb. 5, 2021 /PRNewswire/ -- Perspecta Inc. (NYSE: PRSP), a leading U.S. government services provider, today announced financial results for the third quarter of fiscal year 2021, which ended January 1, 2021. As previously announced on January 27, 2021, Perspecta entered into a definitive merger agreement to be acquired by Peraton, a portfolio company of Veritas Capital Fund Management, L.L.C.
Perspecta (PRSP) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.69%.
Peraton has restructured its business after closing on its $3.4 billion acquisition of Northrop's mission support and IT solutions business. But what remains to be seen is its integration plans for Perspecta, which it's buying for about double that price.
Federal agencies collectively spent $6.6 billion on cloud computing in fiscal 2020, up from $6.1 billion in fiscal 2019, according to a government spending analysis by Bloomberg Government. The analysis indicates agency spending on cloud services slowed slightly compared to other years in the decade-long uptick but suggests several potential reasons for slowed growth.
This week's 10 most read channel and MSP news stories, columns, blogs, editorials and research involved: 10. UCaaS Acquisition - Big Valuation: Sangoma's purchase of Star2Star for a lofty 30 times adjusted EBITDA reinforces the ongoing M&A trend in the Unified Communications as a Service Provider market. 9.
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Perspecta Inc. (NYSE: PRSP) to Peraton, a portfolio company of Veritas Capital.
NEW YORK, Feb. 4, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Sportsman's Warehouse Holdings, Inc. (NASDAQ: SPWH) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Great American Outdoors Group for $18.00 per share in cash.
With Northrop Grumman's IT services business now in the fold, Peraton on Thursday unveiled its new operating structure around four business sectors and a realigned executive leadership group. That newly-constituted management team has nine members, including four that joined from Northrop and five that have been with the former.
NEW YORK, Feb. 3, 2021 /PRNewswire/ -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Kentucky Bancshares, Inc (OTCQX: KTYB) WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Kentucky Bancshares, Inc.
The Rhode Island Division of Motor Vehicles recently reached a milestone when it completed the 10-millionth transaction on RIMS, the computer system it launched in mid-2017. "e;The RIMS launch in July 2017 was the result of months of hard work by the DMV