Consolidation of the Defense Industry Hits the IT and Services Market

Apr 27, 2001, 01:00 ET from Strategic Research Institute

    NEW YORK, April 27 /PRNewswire/ -- The recent Northrop Grumman acquisition
 of Litton Industries highlights the consolidation currently taking place in
 the government and defense information technology market.  However, unlike the
 wave that affected the manufacturing and hardware side of the industry over
 the past decade, consolidation in the services and IT market will take place
 primarily among mid-market and smaller firms.  Increased scope of services,
 greater depth, and value creation are the motivation behind such deals in the
 face of an evolving procurement environment with changing budget priorities.
     Strategic Research Institute is proud to announce a one-day event designed
 to capitalize on this trend.  The inaugural Government IT & Defense Services
 Consolidation Conference is designed to arm today's defense & government
 services executive with the knowledge to make better strategic decisions, on
 which the future of their firms may hinge.
     Panel sessions and case studies will address such topics as: what larger
 firms are looking for in acquisitions; what catches the attention of private
 equity players searching out deals to finance; alternative ways of raising
 capital to finance acquisitions; how to create value by leveraging technology
 to commercial applications; and an update of the revised accounting rules
 which play such an important role in M&A deals.
     Featured speakers include: Gaston Kent, VP of Investor Relations at
 Northrop Grumman (who recently acquired Litton Industries); Allan M. Holt,
 Managing Director of The Carlyle Group (the most active private equity shop in
 the defense industry); Robert McKeon, President of Veritas Capital (who just
 bought out Raytheon Aerospace); Joseph M. Kampf, President & CEO of Anteon
 Corporation (the most active private acquirer in the IT services market);
 David Langstaff, President & CEO of Veridian, and others.
     The conference is sponsored by Houlihan Lokey Howard & Zukin and brought
 to you with support from the Professional Services Council.  For more info,
 including full agenda, please visit http://www.srinstitute.com/cx354 or
 contact Christopher Petersen at (310) 284-5935; cpetersen@srinstitute.com.  To
 register, please visit http://www.srinstitute.com/cx354 or email
 ipakoys@srinstitute.com.  Please mention keycode DPR000206 when registering.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X24353153
 
 

SOURCE Strategic Research Institute
    NEW YORK, April 27 /PRNewswire/ -- The recent Northrop Grumman acquisition
 of Litton Industries highlights the consolidation currently taking place in
 the government and defense information technology market.  However, unlike the
 wave that affected the manufacturing and hardware side of the industry over
 the past decade, consolidation in the services and IT market will take place
 primarily among mid-market and smaller firms.  Increased scope of services,
 greater depth, and value creation are the motivation behind such deals in the
 face of an evolving procurement environment with changing budget priorities.
     Strategic Research Institute is proud to announce a one-day event designed
 to capitalize on this trend.  The inaugural Government IT & Defense Services
 Consolidation Conference is designed to arm today's defense & government
 services executive with the knowledge to make better strategic decisions, on
 which the future of their firms may hinge.
     Panel sessions and case studies will address such topics as: what larger
 firms are looking for in acquisitions; what catches the attention of private
 equity players searching out deals to finance; alternative ways of raising
 capital to finance acquisitions; how to create value by leveraging technology
 to commercial applications; and an update of the revised accounting rules
 which play such an important role in M&A deals.
     Featured speakers include: Gaston Kent, VP of Investor Relations at
 Northrop Grumman (who recently acquired Litton Industries); Allan M. Holt,
 Managing Director of The Carlyle Group (the most active private equity shop in
 the defense industry); Robert McKeon, President of Veritas Capital (who just
 bought out Raytheon Aerospace); Joseph M. Kampf, President & CEO of Anteon
 Corporation (the most active private acquirer in the IT services market);
 David Langstaff, President & CEO of Veridian, and others.
     The conference is sponsored by Houlihan Lokey Howard & Zukin and brought
 to you with support from the Professional Services Council.  For more info,
 including full agenda, please visit http://www.srinstitute.com/cx354 or
 contact Christopher Petersen at (310) 284-5935; cpetersen@srinstitute.com.  To
 register, please visit http://www.srinstitute.com/cx354 or email
 ipakoys@srinstitute.com.  Please mention keycode DPR000206 when registering.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X24353153
 
 SOURCE  Strategic Research Institute