Archive: Business/Financial

Paul McQuillan, president and CEO of PlanetRisk. Photo: PlanetRisk

Culmen International Acquires Analytic Strategies’ Federal Business

Culmen International on June 7 said it has acquired the government business of data analytics and services firm Analytic Strategies, adding new federal customers and capabilities. Terms of the deal were not disclosed. Both companies are based in Northern Virginia. Culmen provides technical, management and logistics services worldwide and customers include the Navy, Department of Energy, […]

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Lockheed Martin Doubles Venture Capital Fund To $200 Million

Lockheed Martin [LMT] on Wednesday said it has added another $100 million to its venture capital fund, doubling the firepower of Lockheed Martin Ventures for investments in early-stage companies that are developing advanced technologies. With the added capital, Lockheed Martin Ventures is looking to increase the pace at which it makes investments. The company said […]

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French Services Firm Capgemini To Acquire Leidos’ Commercial Cyber Business

France’s Capgemini on Thursday said it has agreed to acquire the commercial cyber security services business from Leidos [LDOS], which will continue to provide cyber solutions to its government customers. Terms of the deal, which is expected to close later this year, were not disclosed. Capgemini, which provides professional and consulting services, said the pending […]

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Boeing’s Insitu Nabs $117 Million Contract To Provide UAS Services To Coast Guard

The Coast Guard late Wednesday awarded a potential $117.2 million contract to Boeing’s [BA] Insitu unit to provide contractor owned and operated small unmanned aircraft (sUAS) services aboard its fleet of National Security Cutters (NSC), the first time the service has contracted for sustained and wide-scale use of unmanned aircraft. Boeing beat out an offering […]

Kittyhawk's software enables UAS traffic management capabilities. Photo: Kittyhawk

Boeing Invests In Small Firm Supporting UAS Traffic Management

Boeing [BA] on Wednesday said its HorizonX Ventures arm invested in a small company that develops and supplies software for use in helping manage traffic of commercial unmanned aircraft systems (UAS). The $5 million seed funding round in California-based Kittyhawk was led by Bonfire Ventures and includes HorizonX, Freestyle Capital, and Kluz Ventures. HorizonX’s investments […]

Orbital ATK's products include the GEM Strap-on Booster solid rocket motors. Photo: Orbital ATK

Northrop Grumman Closes Orbital ATK Deal After Agreeing To Firewall Solid Rocket Motor Business

The Federal Trade Commission (FTC) on Tuesday evening approved the acquisition by Northrop Grumman [NOC] of Orbital ATK [OA] contingent on Northrop Grumman agreeing to operate its new solid rocket motor (SRM) business independently to avoid anticompetitive behavior. Northrop Grumman on Wednesday afternoon after the close of stock markets on the East Coast completed its […]

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CACI Nabs $407 Million Cyber Security Order To Help DHS

CACI International [CACI] on Tuesday said it has won a potential six-year $407 million task order to provide the Department of Homeland Security with cyber security capabilities and tools. The award was made in April under the General Services Administration’s Alliant contract vehicle and represents new business for CACI in the cyber security space, the […]

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Qualys To Acquire Government Technology Company Second Front

Cloud security firm Qualys, Inc. [QLYS] on Monday said has signed a non-binding letter of intent to acquire Second Front Systems in a deal aimed at helping it better reach federal customers, particularly in defense, intelligence and law enforcement. Terms of the deal were not disclosed. If the companies enter into a definitive acquisition agreement, […]

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Valiant Completes Acquisition Of Cubic’s Global Defense Services Business

Valiant Integrated Services on Friday said it closed its $135 million acquisition of Cubic Corp.’s [CUB] Global Defense Services (GDS), the company’s largest acquisition and one that accelerates its customer services and support capabilities. “We have every confidence that our customers and partners across the globe will benefit from Valiant’s now-extended and enhanced core capabilities […]

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DHS Wants Private Sector To Share More Information About Cyber Threats

The Department of Homeland Security continues to share unique cyber threat indicators with the private sector and is working to improve the quality of that information but industry’s level of sharing cyber security threat signatures with the government continues to lag, a department official said on Thursday. “What we’re not seeing and what we’d like […]