Archive: Business/Financial


GAO Denies MicroTech Protest of $105.6 Million Air Force Defensive Cyber Support Task Order

The Government Accountability Office has denied a MicroTech protest of a $105.6 million task awarded to Telos Corporation to support Air Force defensive cyber operations. The GAO’s decision, announced Wednesday, was finalized in November 2017 after MicroTech complained that Air Force officials didn’t consider its full management plan and staffing approach proposal for the cyber […]

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 […]

iStock Cyber Lock

White House Says ‘Malicious Cyber Activity’ Cost US $109 Billion In 2016

Cyber-attacks cost the U.S. economy between $57 billion and $109 billion in 2016 and are measured in things like lost revenue, data and intellectual property, court settlements, regulatory penalties and reputational damage, says a new report by the White House Council of Economic Advisors. The most costly attacks are associated with cyber theft of intellectual […]

Scott McIntyre, PwC US Public Sector Leader. LinkedIn photo.

Veritas Acquires PwC’sUS Public Sector Business

The private equity firm Veritas Capital on Wednesday said it has agreed to acquire the US Public Sector business of the consulting firm PricewaterhouseCoopers (PwC). Terms of the deal, which is expected to close shortly after receiving regulatory approvals, were not disclosed. Veritas declined to disclose the sales of PwC’s US Public Sector business, which […]

L3 Increases Dividend

L3 Technologies [LLL] on Monday announced a nickel increase in its quarterly dividend payment to 80 cents per share, marking the 14th consecutive year of increasing its annual dividend. The company has been increasing its quarterly shareholder dividends by a nickel annually since beginning the payments. The latest increase is a 7 percent boost, about […]

Orbital ATK's Advanced Anti-Radiation Guided Missile, or AARGM, will be a new capability for Northrop Grumman. Photo: Orbital ATK

European Commission Okays Northrop Grumman Acquisition Of Orbital ATK

The European Commission has approved Northrop Grumman’s [NOC] pending $7.8 billion acquisition of Orbital ATK [OA], moving the deal one step closer to completion. Northrop Grumman said it is still awaiting the U.S. Federal Trade Commission to complete its review of the deal, which was announced last September. The company expects the acquisition to close […]

Amy Gilliland, president of General Dynamics' Information Technology unit, will lead the new GDIT segment after the deal for CSRA closes. Photo: General Dynamics

General Dynamics Cites Scale, Customers, Capabilities, Profits In Deal For CSRA

General Dynamics [GD] on Monday said it has agreed to acquire CSRA, Inc. [CSRA] in a $9.6 billion cash deal that will make it the second largest provider of federal information technology (IT) services while adding new customers and capabilities. There are more than 25 big opportunities in “our collective pipeline,” that the two companies […]


Sprint Reentering Federal IT Market With Focus On Converged Solutions

After exiting the federal information technology (IT) market two years ago, telecommunications provider Sprint [T] says it is reentering the space aggressively with plans to offer a range of products and services designed to meet customer demands for new and emerging technology solutions. “Our approach is completely focused on, ‘How do we help build the […]