Archive: Business/Financial

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 […]

Airbus Group A400M. Photo: Airbus Group

A400M Customer Nations Reach Deal With Airbus To Rework Contract Details

Airbus officials signed a new declaration of intent Wednesday, with the launch customer nations for its A400M aircraft, to structure new contract details later in 2018 to stop future losses with the program. The new agreement includes details to delay the delivery plan for future A400M’s and provide a timeline for developing improved military capabilities. […]

iStock Cyber Lock

DHS Awards Booz Allen $621 Million For Federal Cyber Security Tools

Booz Allen Hamilton [BAH] on Friday said it has won a $621 million task order from the Department of Homeland Security (DHS), the first award under a new acquisition vehicle that involves replacing existing cyber security tools that are part of an ongoing federal cyber security program and new cyber protection capabilities. Under the six-year task […]