Aerospace Group:

Business/Financial

Analyst Sees Pending CSC Split As Confirmation Of Trend In Defense Services Revamp

By Cal Biesecker

Tuesday, May 26th, 2015

SHARE:

Analyst Sees Pending CSC Split As Confirmation Of Trend In Defense Services Revamp

CSC President and CEO Mike Lawrie will lead the new commercial company and be chairman of the government services business. Photo: CSC

Computer Sciences Corp.’s [CSC] announcement last week that it plans to split into two separate publicly traded companies, one focused on commercial and global government customers and the other on the U.S. public sector, is consistent with expectations that the defense services sector is headed for a restructuring, according to defense analyst Byron Callan.“We have expected that defense services sector restructuring would be a key theme for 2015,” Callan wrote in a client note for the strategic advisory firm Capital…

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]