We are a provider of scientific, engineering, systems integration and technical
services and solutions to all branches of the U.S. military, agencies of the
U.S. Department of Defense (DoD), the intelligence community, the U.S. Department
of Homeland Security (DHS) and other U.S. Government civil agencies, state and
local government agencies, foreign governments and customers in select commercial
markets. Our business is focused on solving issues of national and global importance
in the areas of defense, intelligence, homeland security, logistics and product
support, systems engineering and integration and research and development. We
are also focused on expanding our business in the areas of energy, health, environment,
cyber security and space superiority.
We have three reportable segments: Government, Commercial, and Corporate and
Other. Our operating business units are aggregated into the Government or Commercial
segments, depending on the nature of the customers served, the contractual requirements
and the regulatory environment governing the business unit’s operations.
The Corporate and Other segment includes the operations of our internal real
estate management subsidiary, various corporate activities and certain corporate
expense items that are not reimbursed by our U.S. Government customers. Our
Corporate and Other segment does not contract with third-parties for the purpose
of generating revenues.
Competition
Competition for U.S. Government contracts is intense. We compete against a
large number of established multinational corporations which may have greater
financial capabilities than we do. We also compete against smaller, more specialized
companies that concentrate their resources on particular areas. As a result
of the diverse requirements of the U.S. Government and our commercial customers,
we frequently team with other companies to compete for large contracts, and
bid against these team members in other situations. Due to the current industry
trend toward consolidation, we expect changes in the competitive landscape.
We believe that our principal competitors include the following companies:
the engineering and technical services divisions of large defense contractors
which provide U.S. Government IT services in addition to other hardware systems
and products, including such companies as The Boeing Company, General Dynamics
Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, BAE
Systems plc, L-3 Communications Corporation and Raytheon Company;
contractors focused principally on technical services, including U.S. Government
IT services, such as Battelle Memorial Institute, Booz Allen Hamilton Inc.,
CACI International Inc., CH2M Hill Companies Limited, ManTech International
Corporation, Serco Group plc and SRA International, Inc.;
diversified commercial and U.S. Government IT providers, such as Accenture
Ltd., BearingPoint, Inc., Computer Sciences Corporation, EDS (a Hewlett Packard
company), International Business Machines Corporation and Unisys Corporation;
and
contractors focused on supplying border, port and security products including
American Science and Engineering, Inc., OSI Systems, Inc. and Smith Group plc
and contractors providing supply chain management and other logistics services,
including Agility Logistics, Inc. (a subsidiary of The Public Warehousing Company
K.S.C.).
We compete on factors including, among others, our technical expertise and
qualified professional personnel, our ability to deliver cost-effective solutions
in a timely manner, our reputation and standing with customers, pricing and
the size and scale of our company.
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