Author Archives: Calvin Biesecker

Defense Watch

Air Force Innovation Fund. The Air Force plans to distribute $64 million to squadron commanders next week to help them experiment with ways to improve readiness, increase lethality and save time and money, Chief of Staff Gen. David Goldfein announced Feb. 23 at an Air Force Association (AFA) conference in Florida. “We need our squadrons […]

Stuart Bradie, president and CEO of Houston-based KBR, Inc. Photo: KBR

KBR To Acquire SGT To Expand Government Services Business

KBR, Inc. [KBR] on Friday said it has agreed to acquire Stinger Ghaffarian Technologies, Inc. (SGT) in a $355 million deal that will expand its support for the federal government, and position it as a top tier services contractor at NASA. The deal is expected to close in early April. KBR said the acquisition will […]

CSIS Says Costs Of Cybercrime Growing Globally

The cost to the global economy of cybercrimes has risen from an estimated $445 billion in 2014 to nearly $600 billion currently, according to a new study. The reasons for the benefit growth to cyber criminals include faster use of new technologies, more potential victims as online users increase, ease of criminal activity, and an […]

MotionDSP's software capabilities include video enhancement. Photo: MotionDSP

Cubic Acquires MotionDSP To Bolster C4ISR Business

Cubic Corp. [CUB] on Thursday said it has acquired the motion video processing company MotionDSP to strengthen its capabilities in the C4ISR area. Terms of the deal were not disclosed. Cubic said in a regulatory filing that it originally acquired a 49 percent stake in MotionDSP on Oct. 31, 2017, for $4.7 million. MotionDSP, which […]

PTR's capabilities include cyber operations and research. Photo: PTR Group

Fulcrum IT Acquires Software Engineering Firm PTR Group

Fulcrum IT this week acquired the software engineering firm PTR Group, providing it with new capabilities and customers in the Defense Department. Terms of the deal were not disclosed. Fulcrum IT is a portfolio company of the private equity firm Boyne Capital, which partnered in 2010 with the private equity firm Grindstone Partners to acquire […]

An Orbital ATK Antares launch vehicle lifts off from Wallops Island, Va. Photo: Orbital ATK

Orbital ATK’s Earnings Dip In Fourth Quarter On Tax Bite

Orbital ATK [OA] on Thursday said its fourth quarter net income fell slightly due to a one-time tax charge although operating results overall were strong. The company didn’t host an investor call and the earnings report is likely the last before it is acquired by Northrop Grumman [NOC], which is expected to occur during the […]

Leidos Chairman and CEO Roger Krone. Photo: Leidos

Tax Benefit Lifts Leidos In Fourth Quarter

Leidos [LDOS] on Thursday posted a hefty increase in net income in its fourth quarter squarely on the back of a one-time tax benefit whiles sales dipped slightly. Net income nearly doubled to $114 million, 74 cents earnings per share (EPS), from $59 million (39 cents EPS) a year ago, with the tax gain contributing […]

Corfin's Robotic Hot Solder Dip equipment handles tens of thousands of parts daily. Photo: Corfin Industries

Behrman Capital Acquires Defense Electronics Preparation Firm

The private equity firm Behrman Capital this week said it has acquired Corfin Industries, a provider of component preparation services for microelectronics in the defense, commercial aerospace, space, and healthcare industries. Terms of the deal were not disclosed. New Hampshire-based Corfin has 14 Robotic Hot Solder Dip lines used to handle tens of thousands of […]

James Lewis, director and senior fellow, CSIS Strategic Technologies Program

CSIS Says Costs Of Cybercrime Growing Globally

The cost to the global economy of cybercrimes has risen from an estimated $445 billion in 2014 to nearly $600 billion currently, according to a new study. The reasons for the benefit growth to cyber criminals include faster use of new technologies, more potential victims as online users increase, ease of criminal activity, and an […]

Attorney General Jeff Sessions. Photo: Department of Justice

Sessions Creates Task Force To Examine Cyber Security Needs, Capabilities

With cyber threats on the rise, Attorney General Jeff Sessions has established a task force within the Justice Department to review the department’s current capabilities and needs in cyber security. Sessions directed the Cyber-Digital Task Force to provide an initial report by June 30 on the department’s existing activities and for initial recommendations. “The Internet […]